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hsjs Homeland Security arrests 192 on immigrant smuggling charges
Lkzy What we re watching Wednesday
Renzo Salazar places a sign in front of a foreclosed home in Miami. Photo by Joe Raedle/Getty Images.Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here are Monday queries:Two questions today from reader Barb Weismann: Question One: Recently on the show 60 Minutes, they showed how banks are walking away from foreclosures. They could, instead, be reducing people principal when their house stanley cup value goes down. Are the banks instead getting rid of houses so they can write it off as a different kind of loss than reducing principal, or because they need to stimulate the housing market by creating more d stanley cup emand, when the old housing is all bulldozed Question Two: If Europe is doing so bad, why does my $100 get me 8364;77 A huge difference Paul Solman: First of all, with regard to your first question, Barb, see our NewsHour story on the same story last summer Raze the Roof situated in the same city 60 Minutes featured, Cleveland.As to why banks are letting properties rot rather than reduce the principal, here are three possible reasons:1 From my ow stanley cup n reporting, it seems that about 75 percent of homes with mortgages are held not by banks, but by pools of investors and Fannie/Freddie. The banks generally 8220 ervice the loans: collecting the money, etc. But they ;re not on the hook for any losses. If they reduce the principal, though, the i Fcnw Tensions flare as Chinese flights near Taiwan intensify
A Pakistani soldier guards the site of a suicide bombing at a military training center in Shabqadar. Photo by A. Majeed/AFP/Getty Images.Two suicide bomb attacks at a paramilitary academy in northwest Pakistan have claimed at least 80 lives and injured 120 people. The Pakistani Taliban claimed that the attacks were in retaliation for the death of Osama bin Laden, although it is not known if the attacks had been planned beforehand.This was the first revenge for Osama stanley cup 8217 martyrdom. Wait for bigger attacks in Pakistan and Afghanistan, a Taliban spokesman told Agence-France Presse.According to police on the scene, the explosion sent ball bearings and nails across the area and destroyed at least 10 vans. The heavy casualties stanley cup swamped an area hospital struggling to treat the wounded. The attacks were carried out days after cadets at the Frontier Constabulary had graduated from a yearlong training course and were preparing to go on leave. Cadets and civilians were killed in the attacks.The facility in Shabqadar, located near the border with Afghanistan and a focal point of al Qaida and Taliban activity, had received U.S. fundi air max 1 ng to help train recruits. Extremists have killed hundreds in attacks in Pakistan in recent years.The attack comes at an especially tense time in the relationship between the allies, with Pakistani officials reacting sharply to the suggestion that elements of the nation security service may have known of bin Laden whereabouts.T
Renzo Salazar places a sign in front of a foreclosed home in Miami. Photo by Joe Raedle/Getty Images.Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here are Monday queries:Two questions today from reader Barb Weismann: Question One: Recently on the show 60 Minutes, they showed how banks are walking away from foreclosures. They could, instead, be reducing people principal when their house stanley cup value goes down. Are the banks instead getting rid of houses so they can write it off as a different kind of loss than reducing principal, or because they need to stimulate the housing market by creating more d stanley cup emand, when the old housing is all bulldozed Question Two: If Europe is doing so bad, why does my $100 get me 8364;77 A huge difference Paul Solman: First of all, with regard to your first question, Barb, see our NewsHour story on the same story last summer Raze the Roof situated in the same city 60 Minutes featured, Cleveland.As to why banks are letting properties rot rather than reduce the principal, here are three possible reasons:1 From my ow stanley cup n reporting, it seems that about 75 percent of homes with mortgages are held not by banks, but by pools of investors and Fannie/Freddie. The banks generally 8220 ervice the loans: collecting the money, etc. But they ;re not on the hook for any losses. If they reduce the principal, though, the i Fcnw Tensions flare as Chinese flights near Taiwan intensify
A Pakistani soldier guards the site of a suicide bombing at a military training center in Shabqadar. Photo by A. Majeed/AFP/Getty Images.Two suicide bomb attacks at a paramilitary academy in northwest Pakistan have claimed at least 80 lives and injured 120 people. The Pakistani Taliban claimed that the attacks were in retaliation for the death of Osama bin Laden, although it is not known if the attacks had been planned beforehand.This was the first revenge for Osama stanley cup 8217 martyrdom. Wait for bigger attacks in Pakistan and Afghanistan, a Taliban spokesman told Agence-France Presse.According to police on the scene, the explosion sent ball bearings and nails across the area and destroyed at least 10 vans. The heavy casualties stanley cup swamped an area hospital struggling to treat the wounded. The attacks were carried out days after cadets at the Frontier Constabulary had graduated from a yearlong training course and were preparing to go on leave. Cadets and civilians were killed in the attacks.The facility in Shabqadar, located near the border with Afghanistan and a focal point of al Qaida and Taliban activity, had received U.S. fundi air max 1 ng to help train recruits. Extremists have killed hundreds in attacks in Pakistan in recent years.The attack comes at an especially tense time in the relationship between the allies, with Pakistani officials reacting sharply to the suggestion that elements of the nation security service may have known of bin Laden whereabouts.T
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