Word: turnings
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...other reason that mortgage modifications are a challenging way to put a floor under housing prices is that this assumes that people who cannot afford a $500 a month mortgage payment can afford a payment of only $350. But in most cases this does not matter. As people turn away from debt and toward savings, a house is no longer a good mattress in which to store cash. Perhaps more to the point, with joblessness on the rise and many middle class household budgets built around two people working full-time, it does not take much bad luck to undermine...
...false hope or the beginning of the market's turn? To get answers, TIME's John Curran spoke with Jim Paulsen, chief investment strategist at Well Capital Management...
...just remembering that episode." But people have a harder time making sense of dreams. Maybe 24 caused the dream, we think - or maybe we're having a premonition of an attack. We love to interpret dreams widely, and those acts of interpretation give dreams meaning. (Read "Can't Sleep? Turn Off the Cell Phone...
...surprisingly, the political ABCs often trump purely judicial considerations. In the post-Escobar era, paramilitary commanders emerged as some of Colombia's most dangerous narco-criminals. By deftly holding the sword of extradition on drug charges over their heads, Uribe convinced dozens of these warlords to turn themselves in and demobilize their troops. Those who cooperated and confessed were eligible for light sentences. But soon these death-squad leaders began implicating political allies of the President, including lawmakers, army officers, the government's spy chief and even Uribe's cousin, who was forced to resign from the Senate...
...heyday of the Medellin and Cali cartels, motorcycle-mounted assassins shot down judges and witnesses while kingpins ran their drug empires from behind bars. Now Colombia has a modern maximum-security prison to lock down high-risk criminals. The judiciary, in turn, has switched from a written system to oral and accusatory trials similar to those in U.S. courts, making it harder for narcos to manipulate the proceedings. Still, many law-enforcement experts vigorously defend extradition as narco-traffickers now try to rig the system in more subtle ways. Last year, Guillermo Valencia Cossio, chief government prosecutor for Medell...