Anyone thinking of skating on mortgages owned by either Fannie Mae or Freddie Mac may want to think again. As a result of new government reports, the two companies say they are going to do a better job of going after so-called strategic defaulters. Fannie and Freddie can pursue judgments against borrowers who walk away from their loans even though they have the ability to make their payments. That´s called a strategic default, and many borrowers are taking that step — typically throwing in the towel because their homes are no longer worth as much as they owe.
Srtaten Island - Cardinal Timothy Dolan will celebrate mass Sunday at St. Joseph Hill Academy in Staten Island, where a suspicious fire broke out Saturday morning. Dolan´s visit is part of a previously planned event to mark the 100th anniversary of the Daughters of Divine Charity. The NYPD Hate Crime Task Force is investigating the blaze, which broke out at about 5:30 a.m. at the convent on Hylan Boulevard in the Arrochar section. Six people were injured, including four firefighters and two nuns. One of the nuns, age 45, jumped from a second-floor window to escape the fire,
Detroit - The hollow hulk of Detroit´s once majestic train station draws a steady stream of tourists to see how far the mighty Motor City has fallen. The Beaux Arts building was the tallest railway station in the world when it was built in 1913, and its 18-storey office tower once housed more than 3,000 workers. Abandoned to the elements -- and to vandals who smashed its windows, spray painted its yellow brick walls and stole its brass fixtures, marble and decorative railings -- Michigan Central escaped demolition largely because the city lacked the funds for such a monumental task.
Chinese construction giant Beijing Construction Engineering Group (BCEG) has signed a deal with British firms to develop a business district around Manchester airport, the companies involved in the project announced on Sunday. The development of Britain´s third busiest airport -- described as one of the largest construction projects in the United Kingdom since the 2012 London Olympics -- will cost £800 million ($1.27 billion). (Snip) The deal comes at a time when Britain is seeking to boost trade with the world´s second largest economy, with both nations agreeing in 2010 to double their trade to $100 billion by 2015.
Nate Silver knows a thing or two about polls. His message about the GOP and the shutdown is worth sharing: "The media is probably overstating the magnitude of the shutdown´s political impact. Remember Syria? The fiscal cliff? Benghazi? The IRS scandal? The collapse of immigration reform? All of these were hyped as game-changing political moments by the news media, just as so many stories were during the election last year. In each case, the public´s interest quickly waned once the news cycle turned over to another story. Most political stories have a fairly short half-life and won´t turn out to be as
An Israeli company has been selected to take part in manufacturing hi-tech helmets for pilots of the US F-35 stealth fighter, Israeli Defence Minister Moshe Yaalon said Sunday. He said in a statement that Elbit Systems and its US partner Rockwell Collins have been chosen by the Pentagon and F35 manufacturer Lockheed Martin to supply helmets for the next generation of the Joint Strike Fighter, the hi-tech warplane that is supposed to serve as the backbone of future American air power. (Snip) Israeli daily Yediot Aharanot said that Israel has so far ordered 19 of the aircraft and intends to
The Israeli army says it has discovered a tunnel running 1.7km (1 mile) from the Gaza Strip into Israel. The tunnel led from a house to a site close to a kibbutz, Ein Hashlosha, and could have been used to carry out attacks on civilians, a spokesman said. Israel has responded by halting the transfer of all construction materials to Gaza. Restrictions on the private sector were lifted last month. Gaza´s Hamas rulers accused Israel of "exaggerating things". By talking about the discovery of a tunnel, Israel was "trying to justify the blockade and the continuous aggression on the Gaza Strip," spokesman Sami
The Royal Marines have been forced to cancel their biggest amphibious landing for more than a decade after their French allies pulled out. The Navy had spent £1?million in fuel getting to the Red Sea when the operation was called off--and it cost another £1?million to reach the Gulf of Oman, where a new exercise was hastily arranged for the Marines. [Snip] Navy sources said the decision to cancel was taken by the French after a breakdown in relations over ‘administrational issues’. The Royal Marines are said to have responded furiously as Exercise Djibouti Lion had taken a year to
India was today beginning to sort through miles of wreckage after Cyclone Phailin roared ashore, flooding towns and villages and destroying tens of thousands of homes. But around 18 hours after the strongest storm to hit India in more than a decade made landfall in eastern Orissa state, officials said they knew of only seven fatalities--far less than many feared. Most of the deaths came from falling branches or collapsing buildings in the rains ahead of the cyclone, but it initially appears that the evacuation of more than 600,000 people saved many lives. [Snip] The storm washed away tens of thousands
WASHINGTON — In March, Henry Chao, the chief digital architect for the Obama administration’s new online insurance marketplace, told industry executives that he was deeply worried about the Web site’s debut. “Let’s just make sure it’s not a third-world experience,” he told them. Two weeks after the rollout, few would say his hopes were realized. For the past 12 days, a system costing more than $400 million and billed as a one-stop click-and-go hub for citizens seeking health insurance has thwarted the efforts of millions to simply log in. The growing national outcry has deeply embarrassed the White House, which
It’s a buyer’s market for President Barack Obama. With House and Senate Republicans preparing competing proposals to end the government shutdown and avert a default on the nation’s debt, Obama hasn’t shown any inclination to jump at the first offer. The plan House Republicans presented to the White House on Thursday night wasn’t enticing enough, and there is a sense in Washington that the GOP’s scramble to avoid further political pain from this latest fiscal crisis will give Obama plenty of opportunity to define the terms of a settlement. At this point, White House officials won’t even describe
It’s made for Hollywood: the story of an average American family man, captain of a cargo ship in dangerous waters, his vessel overtaken by armed Somali pirates demanding ransom, saving his crew by allowing himself to be removed from the boat and taken hostage.All of this is the basis for “Captain Phillips,” starring Tom Hanks as the titular, real-life hero. The only problem, say some members of the real Capt. Phillips’ crew, is none of it is true. Capt. Richard Phillips, they say, is no hero, and the film is one big lie.
´I really believe we are in a great position right now," says Michael Needham, the 31-year-old president of Heritage Action, the lobbying arm of the nation´s largest conservative think tank. By "we" he means the Republican Party and the conservative movement; their "great position" refers to the potential to win the political battle over the government shutdown. Though Texas Sen. Ted Cruz is the public face of the high-risk strategy to "defund" ObamaCare, the masterminds behind it are a new generation of young conservatives, chief among them Mr. Needham. From a tactical view,
TeaPartysucks wrote: First, referring to anything associate with President Obama as "Barry" exposes the writer´s racism and prejudice. Secondly, blame the Republicans for the shutdown! THEY are the ones who are blocking access to monuments and memorials! They´re such liars! They have no shame! They´re like children throwing rocks, breaking a window and then pointing at the innocent kid standing nearby and saying, "He did it!"Civil Disobedience Starts as Citizens Storm Barrycades Dear Comrade Sucks, Why would my using the name that Obama used himself for years expose anything other than the fact that for whatever reason Barry changed his name a
Johnny Cash´s life in the 1960s is mostly remembered as a time of glorious achievement — from the landmark prison albums at Folsom and San Quentin to the launch of the ABC-TV series featuring such guests as Bob Dylan and the Doors that led to his becoming a giant figure in popular culture, a symbol to millions, no less, of the best of American social values. But Cash also experienced excruciatingly dark times in the decade, fueled by drugs and guilt over the breakup of his marriage. Cash, 26, moved to California with his wife, Vivian, and his first three
For anyone who doubts that President Obama and his minions are trying to make the government shutdown as painful as possible, remember that it’s a decades-old White House ploy with a revealing name: “the Washington Monument Strategy.” It works like this: Turn visitors away from our great national memorials to George Washington, Thomas Jefferson, and Abraham Lincoln, then point up the Mall toward Capitol Hill, yell “Congress made me do it” – and hope the public falls for it. This president is taking the tactic far beyond what his predecessors ever did – and it t almost backfired the morning of October
Vice President Joe Biden isn´t sticking around Washington just to be cut out of any endgame negotiations to reopen the government and raise the debt ceiling. Biden and his wife, Jill, headed out to Camp David in Maryland´s Catoctin mountains for the three-day holiday just when talks between Republicans and Democrats appear to be nearing a deal on the 12th day of the shutdown and the last weekend before the Oct. 17 debt-ceiling deadline. While most national parks are closed, Camp David, the 200-acre official presidential retreat, is open, staffed by the Navy and the Marine Corps, which Congress exempted from the
Earlier this month Facebook launched a pilot program to give Maryland school officials their own complaint channel to flag content for takedown, with the stated aim of protecting teens from “cyber-bullying” whether in or out of school, a topic on which Maryland recently passed a new law. As Maryland Attorney General Doug Gansler seems to envision things (listen here), the channel will empower Maryland officials to seek takedown of speech that they deem to constitute bullying even if it violates no law: “We’re not going to go after you, but we are going to take down the language off of
In trying to understand the Republican Party’s internal battles, it helps to think of Michael and Sonny. Corleone, that is. On one side we have Sonny, the hotheaded, impulsive, shoot-now-take-names-later son of Don Corleone. On Capitol Hill, he personifies the tea party followers who would rather die on principle than live to win a later day. On the other side, we have Michael, the cooler-headed son and intellectual strategist. On the Hill, Michael represents the so-called establishment legislators who understand the way forward but thus far have been reluctant to pull the trigger. That’s a metaphor, for all those literalists out there who
There is no question that the principal proponents of allowing illegal aliens to come into our country unfettered are the Socialist-communist liberal Democrats who absolutely must have these extra votes to not only remain in power but to change the U. S. into prisoner state with few, if any, freedoms. The people who provide the votes for these treasonists are high up on the chain of blame as well. But in my estimation, and of many other conservative loyalists to ABBO, ‘America Before Barack Obama’, the most hated and egregious cretins in this play for attention are the RINO’s who
WASHINGTON -- The crabbers are getting, well, crabby. With the offices of the National Marine Fisheries Service closed because of the federal government shutdown, fishermen have been unable to get permits for the Alaska king crab season, which begins Tuesday. "Instead of a fiscal cliff, right now we´re facing a fishing cliff in the Bering Sea unless Congress acts before the season is scheduled to start on Oct. 15," said Rep. Suzan DelBene, a Democrat from Washington state. "This is the first time in my 28 years of fishing that I haven´t been in the Bering Sea in October getting ready to go
´Joe the Plumber´, the everyman used by John McCain in the 2008 presidential campaign, has sparked outrage with an online comment piece claiming ´America needs a white, Republican president´. In an article posted to his website on Thursday, Joe Wurzelbacher assured readers that wanting a ´white Republican president doesn’t make you a racist, it just makes you American.´ The controversial post contended that ´[i]n the pre-black president era, criticizing the president was simply the American thing to do. An exercise of one’s First Amendment right. Criticism had nothing to do with color, because there had never been a black president.´The eyebrow-raising opinion
Conservative talk radio host Mark Levin blasted the Republican establishment at the Values Voter Summit in Washington, D.C. on Friday, calling the way the federal government is currently operating a "soft tyranny." Levin accused them of spending more time attacking conservatives who are fighting a federal government rife with crony capitalism than in becoming more accountable to the American people. Levin said there is a problem with the government when there are only a "handful of conservatives defending this nation against Obamacare" on the Senate floor. He said something is wrong with the Republicans when "[conservatives] are under brutal assault
The Los Angeles Times headline said it all: "Rep. Paul Ryan Fails to Close Republican Divide." When this became Ryan´s job, or whether his now "controversial" Wall Street Journal op-ed was even an attempt at doing that, is anyone´s guess. But once again, Republicans have decided to cannibalize themselves viciously and needlessly instead of uniting over common goals. To be clear, the divide on the right isn´t over policy. No Republican I´ve met thinks Obamacare is good legislation. No one is suggesting capitulation on the debt ceiling. Everyone wants spending cuts, entitlement reform and deficit reduction. Where we´re divided is over tactics. Incidentally, Ryan
Sen. Marco Rubio (R-FL) and House Budget Committee chairman Rep. Paul Ryan (R-WI), the GOP’s most recent vice presidential candidate, finished with a combined total of less than 10 percent of the vote in the Family Research Council (FRC) Values Voter Summit straw poll. Rubio finished in fifth place with 5 percent of the vote, while Ryan finished in sixth place with 4 percent of the vote. The three biggest issues for the 762 straw poll voters were religious liberty, life, and Obamacare. Sen. Ted Cruz (R-TX) finished overwhelmingly in first place, taking in 42 percent of the straw poll’s
Minnesota Vikings running back Adrian Peterson met his 2-year-old son for the first time while he was on life support, TMZ reports. The football star — whose son died on Friday after his mother’s boyfriend allegedly badly beat him — learned three months ago that he had a child with a woman living in South Dakota, the site reports. The woman called him with the news after her ex took a paternity test revealing the boy didn’t belong to him — and the NFL star quickly made arrangements to meet the tot, the site reports.