Word: worthing
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...course, as institutions emerging from the worst of the credit crisis, the banks have little more than that in common. Famous for flogging mortgages worth 125% of a property's value, Newcastle-based Northern Rock was caught with its pants down when the wholesale markets it relied on to fund those loans froze in 2007. With unemployment rising and house prices still on the wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home...
...already underwater on your mortgage, there's a decent chance you will be. According to a new report from Deutsche Bank, up to 25 million American homeowners could eventually owe more than their house is worth. That would account for 48% of all mortgage holders...
...when looking for all of their nuclear services - supplying and enriching uranium, building and managing plants, disposing of their waste - under a single roof. The Paris-based firm operates in more than 100 countries and employs some 75,000 people. Its order book boasts an impressive $67.5 billion worth of contracts, the most in the business. (See pictures of Paris expanding...
...government spending going towards another country’s economy; those in developing nations would complain about mandatory emissions cuts. The reality with any international treaty is that every side has to compromise. But this proposal would provide enough benefits to all parties that it is an idea well worth pursuing...
...remained waiting on line—unable to get onto the observatory deck with its fancy instruments and filters—abandoned caution and looked towards the sun with naked eyes. I was shocked that they would risk something so huge for something seemingly so unimportant. Nothing is worth irreparable eye damage. But I forgot my shock as I automatically turned with the crowd toward the perfect orange in the sky—eclipse shades luckily donned—and watched the moon ruthlessly vanquish it during the longest total eclipse to occur in Asia for 500 years...