Word: whosing
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...reduce principal balances on loans that are underwater," said John Taylor, head of the National Community Reinvestment Coalition of Bank of America's program shortly after it was announced. "The rest of the industry should follow suit." (Last week, the Obama Administration announced new programs to help homeowners whose mortgage balances exceed their home's value...
Last year’s economic crash brought plans for an integrated space for Harvard’s scientists to a skidding halt, exacerbating the University’s at times strained relations with Allston, whose residents have long viewed development plans with skepticism. Though Harvard has committed resources for community improvement, Allston residents are still calling for increased two-way communication to ease the sense of insecurity associated with the construction pause...
After more than a year of refinement and administrative review, the Student Initiated Programs fund will launch in Pforzheimer and Quincy Houses—whose House Masters agreed to the pilot program—granting a maximum of $423.50 to an approved party in each of the two Houses later this semester. The Houses will match the UC funds...
...Kabul, officials are suspicious of Islamabad's long-delayed help in catching the Taliban. A senior official confided to TIME that Karzai, whose relations with the U.S. ambassador and military commanders have been frosty of late, is worried that the U.S. and other NATO countries may be in such haste to end the war that they will agree to a pact with Pakistan that will put Afghanistan firmly back in Pakistan's orbit...
...likely to encounter in Washington a bracing lack of sentimentality toward London. David Manning, a former British ambassador to the U.S., told the House of Commons Foreign Affairs Committee that President Obama "comes with a very different perspective. He is an American who grew up in Hawaii, whose foreign experience was of Indonesia and who had a Kenyan father. The sentimental reflexes, if you like, are not there." The committee concluded - and many observers of U.S.-U.K. relations agree - that Britain can only benefit from shedding those reflexes...