Sunday, 31 October 2010 08:21
'After Valarie Stovall fell behind on the mortgage on her home near Hagerstown, her lender agreed in April to slash her monthly payment by $300, and she immediately started paying the reduced amount.
That's why, Stovall said, she thought nothing of the yellow flier she ripped off her screen door as she returned from the grocery store one afternoon last July. "Then I read it and went 'Oh my God,'" she said. "It was a notice of eviction."
Across the country, struggling homeowners are increasingly tripped up by mortgage lenders that press ahead with foreclosures regardless of any effort they make to provide borrowers with relief on unaffordable mortgages.'
Read more: Amid Mortgage Mess, Owners Blindsided
Sunday, 31 October 2010 07:41
'The AFP reported today that the European Union members agreed to make "landmark" and "tricky" reforms to the current Lisbon Treaty designed to "fend off another financial crisis." To clarify, they did not all agree on final reforms, yet they all agreed changes must be made.
However, a top EU diplomat warned that getting all member nations to agree on the actual reforms may be a "mission impossible." So, reportedly, the final deal may be hashed out in secret without any input from the European parliament or "wish-list" political requests from representatives of member states.'
Read more: Powerful EU Nations May Reform 'Mission Impossible' Treaty in Secret
Sunday, 31 October 2010 06:14
'Germany's foreign ministry says it has signed an agreement with Afghanistan to give 14 million dollars to Taliban militants, who lay down their arms, every year. Berlin says the contract will be valid for five years and the cash will only be paid to militants who lay down their weapons.
German Foreign Minister Guido Westerwelle said earlier that reintegrating former militants into the Afghan social and political fabric is crucial to stabilizing Afghanistan, DPA reported. However, the funding goes against the stated goal of the NATO mission in Afghanistan, which was to hunt down al-Qaeda militants and to root out the Taliban.'
Read more: Germany Seals Taliban Funding Deal
Posts
