Word: timing
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...TIME's 10 Questions interview with Rachael...
...biggest reason for the change in customers' credit behavior has to do with falling housing prices. For a long time, a house was the largest asset of most people. But according to a recent study from housing-value tracker Zillow.com, about 20% of all homeowners are now underwater on their mortgage, meaning they owe more than their house is worth. With housing prices still falling, many see little value in holding on to their home. In fact, some mortgage experts have recommended that individuals walk away from their home loan, repair their credit and start again. (See the worst business...
...This time around, there are growing calls for compliance mechanisms to be built into the strategy. They have become louder as the euro crisis has unfolded in recent weeks, with many officials saying that tougher fiscal oversight might have prevented the collapse of Greece's public finances. "We cannot have a pick-and-mix strategy, allowing everyone to do the easy parts and leave the real challenges to one side," Barroso told the European Parliament last week. "We need strong and true coordination in the economic field." (See the top 10 financial-crisis buzzwords...
...TIME's Pictures of the Week...
...people said, Wasn't the Morgan Spurlock film, Super Size Me the documentary [version]? So it became important for me to make a film about how the whole supermarket has become industrialized like the fast-food system. On one level, we're spending less on food than at any time in history, but it's coming to us at a very high, unseen cost. And I think we're just beginning to understand that. Ultimately, the most shocking things in this film were when Barb Kowalcyk told me that meat producers knew where the meat that killed her 2-year...