Word: weakness
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...major difficulty now is the weak economy and rising joblessness. Under the U.S. government's plan, a modified loan payment must not account for more than 31% of a family's income. With unemployment north of 10%, in a growing number of cases, the mortgage isn't the problem - the lack of a paycheck is. "It increasingly appears that HAMP is targeted at the housing crisis as it existed six months ago, rather than as it exists right now," concluded the Congressional Oversight Panel, a group charged with evaluating the program, in an October report...
...federal dollars (up to about $500 million) to failing schools in order to implement changes. Of the five SIG restructuring options available to such underperforming schools, the most commonly chosen simply requires schools to make some change, any change - such as a new curriculum or extra training for teachers. Weak sauce, in other words. With this new $3.5 billion, districts (which will compete for cash obtained by states through the application of a formula) will have to show that they are ready for and capable of implementing one of four rather dramatic strategies: (1) replacing the school's principal...
...bloody reminder of just how far the country has sunk. Midway through the event, a male suicide bomber disguised as a woman in a long black abaya, veil and shoes, blew himself up, killing three government ministers and 16 other people in a devastating blow to the country's weak transitional government...
...offer huge Black Friday discounts or c) are not worshipped by teens. Count among them J. Crew, Chico's and Banana Republic, which offered fewer discounts and saw traffic fall, says Goldman Sachs analyst Michelle Tan, in a note. Pacific Sunwear, Ann Taylor, Talbots and Gap stores were also weak, noted Credit Suisse analyst Paul Lejuez...
...Shirakawa has previously said that it was not the lack of liquidity in Japan's economy, but the lack of demand that is behind the economic situation. On Nov. 20, the day that Hatoyama acknowledged deflation, Shirakawa said, "We need to work on the core reason for [deflation]: weak final demand as seen in capital investment and private consumption." Economists estimate Japan's demand shortage at around $400 billion a year. (Read: "Japan's Latest Economic Ailment: Deflation...