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fixing the foreclosure catastrophe
Bookmarked 733 weeks ago there039s frightening news that home foreclosure rates across the nation are spiking again it039s caused moodys to predict 2012 will set a new record for foreclosures the white house understands that the ongoing foreclosure nightmare is choking economic recovery and hopes to be able to announce changes to its main refinancing program within weeks to allow more homeowners perhaps millions more to participate while this is a step in the right direction and a clear signal president obama is doing everything in his power to ease the strain on american homeowners its not likely to have a transformative effect on the larger economy what039s really needed is a far more ambitious proposal like the one offered by martin feldstein a harvard professor and top economic advisor to president reagan of all people his idea reduce the principal on the mortgages so that the loans are no more than 110 of the value of the properties banks would absorb half the cost of the principal reduction and the government the rest he figures the losses could amount to 350 billionthe reality is that a bold plan like this one has absolutely no chance of passing for at least another year because the republican controlled house of representatives refuses to even consider a plan to address the housing crisis the gop has instead chosen - from the day obama was inaugurated - to create the worst possible economic conditions in the hope that voters will hold the president responsible for their economic woes in the next electionpart of this strategy is obviously working: congress039 inaction has without a doubt made the economy worsebut there is some reason to be optimistic: if the democrats and the president stay on message and are able to convince the american people that the obstructionist republicans are to blame for the lack of economic progress voters next year could make republicans pay handing obama large majorities in both houses in what would be a replay of 2008 this scenario seems more likely by the day as the weak field of republican presidential candidates continues to veer far to the right unfortunately for the underwater american homeowner election day is still a year away and a new better congress wouldn039t be able to take action until january 2013 when it039s sworn inread the full story here:http:wwwlatimescombusinessla-fi-obama-housing-2011102406824901storyjoin the conversation on facebookhttp:wwwfacebookcomthedailyconversationfollow the daily conversation on twitterhttp:wwwtwittercomthedailyconvo |
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serena williams crip walk after beating maria sharapova on olympic london 2012 final gold medal
Bookmarked 692 weeks ago serena williams dancing after beating maria sharapova on olympic london 2012 final gold medalhttp:wwwyoutubecomwatchv=7fjbncrzdnyhttp:wwwyoutubecomwatchv=7fjbncrzdnyhttp:wwwyoutubecomwatchv=7fjbncrzdnyhttp:wwwyoutubecomwatchv=7fjbncrzdnylondon 2012 serena williams dancing moves after winning gold medal beating maria sharapovaserena williams of the united states dominates the womens039 final against russia039s maria sharapova winning in straight sets 6-0 6-1 in just 63 minutes to win the gold medal at london 2012ondon reuters - american serena williams won olympic tennis singles gold on saturday becoming the first player to win all four grand slams and an olympic title in singles and doubles with her us team mates bob and mike bryan later taking the men039s doubles goldrussia039s maria sharapova took home the women039s singles silver while world number one victoria azarenka of belarus won the bronzein the men039s doubles france claimed two medals with jo-wilfried tsonga and michael llodra winning silver and their compatriots julien benneteau and richard gasquet taking bronzewilliams demolished number three seed sharapova 6-0 6-1 in just over an hour to complete her quotgolden slamquot and could hardly contain her excitement jumping up and down as she waited to step on to the podium to collect her medalquoti didn039t think i would be this happy i039m so pumpedquot the 30-year-old said laughing off a mishap which saw the us flag whipped off the rail by a gust of wind half way through the national anthemquoti never thought i would have a gold medal in singlesquotwilliams who already had two doubles gold medals with sister venus has surpassed the rare singles golden slam a feat only achieved by steffi graf andre agassi and rafa nadalquotit039s a great feeling i never thought that it would happen to me steffi graf was such an inspirationquot she said quoti always thought the one person i wouldn039t be mentioned in the same breath as was steffi graf she039s done everythingquotthe bryan twins also secured a doubles quotgolden slamquot with their 6-4 7-6 win over france039s tsonga and llodraquotthis is the biggest win of our career right here serena got everything rolling for the usa and we kind of got going on fire it039s unbelievablequot said bob who has won 11 grand slam titles and an olympic bronze in beijing with his brother |
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