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Summers, Geithner Have Baggage, Not Fatal Flaws: John M. Berry - Bloomberg
Dec. 1 (Bloomberg) -- Lawrence Summers is a brilliant, sometimes arrogant economist who can be hard to work with. Timothy Geithner , whose sharp mind has been honed by five years of dealing with the heads of the world’s largest financial ...

U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields on longer-maturity debt to record lows, as a report showing U.S. manufacturing contracted at the fastest pace in 26 years added to speculation the recession may lead to deflation. Bonds gained for ...

Obama's Economic Team Facing Huge Expectations - CNBC
When President-elect Barack Obama trots out his economic team Monday, they'll have to walk a fine line between saying too much and saying too little, analysts say. Given the usually high expectations and what some consider a lack of leadership amid a ...

Getting Real on Climate Change - Common Dreams
The wave of optimism that American environmentalists rode into 2008 reached its zenith sometime around April 22 -- Earth Day. Green was everywhere, from the pages of Sports Illustrated to NBC's Green Week to a new cable channel, Planet Green. Armed ...

Obama seeks action on 'historic' economic crisis - Denver Post
CHICAGO—Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush ...

More housing aid sought as prices sink further - WJLA
The Dow Jones industrials soared nearly 400 points, and the 891-point rise since Friday gave the Dow its biggest two-day percentage gain since October 1987. The major indexes all jumped more than 4.5 percent Monday. Obama unveiled the top members of ...

Geithner, Summers to Take the Lead on New Economic Team - Wall Street Journal
President-elect Barack Obama will introduce Monday his National Economic Council director, Lawrence Summers, and his Treasury secretary nominee, Timothy Geithner, two men from the same ideological wing of the Democratic Party but with different roles ...

NFTA draft budget is up 6.1 percent - Buffalo News
The Niagara Frontier Transportation Authority budget would climb 6.1 percent, to $197.4 million under a draft 2009-2010 fiscal plan unveiled today. NFTA Executive Director Lawrence Meckler presented agency board members will a preview of the budget ...

Obama urges Congress to pass costly stimulus bill - Quad-Cities Times
President-elect Barack Obama, flanked by National Economic Council Director-designate Lawrence Summers, left, and Vice President-elect Joe Biden, gestures during a news conference in Chicago, Monday, Nov. 24, 2008. (AP Photo/Charles Dharapak) CHICAGO ...

Red Flags Fly High on Obama's Economic Team - Huffingtonpost.com
Top Obama economic advisor Lawrence Summer is the consummate Wall Street, and yes another Clinton insider. His resume reads like a mini telephone book on the list of posts he's held in and out of every financial and government monetary agency ...

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Today's Mortgage Terms starting with U

  • Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
  • URLA: Uniform residential loan application.
  • Usury: Interest charged in excess of the legal rate as established by law.
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