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What Makes a Mortgage a “Bad Loan?” I’m Confused.

What makes a loan a “bad loan?”  I know there are lending practices defined as being predatory in nature that result in “bad loans,” but that’s not what I’m talking about.

According to the Center for Responsible Lending[1], “Predatory lending describes unfair, deceptive, or fraudulent practices of lenders during the loan origination process.”  So, w

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So if you are the big tree
We are the small axe
— Bob Marley and the Wailers, Small Axe

“The market state,” which Phillip Bobbitt introduced in The Shield of Achilles: War, Peace, and the Course of History ( 2002 ) is a supremely evocative phrase more often cited than defined or critiqued. But “market state” is so...

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Truth be told, I still think that the question I asked a few weeks ago remains one of the most interesting questions one can ask about that big story that keeps unfolding down in Waco: “So, how did Brittney Griner end up at Baylor?” That’s an interesting question for Griner. That’s an interesting question for [...]...
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By Lucrezia Reichlin, Professor of Economics at London Business School; co-founder, Now-Casting Economics and CEPR Research Director, Adair Turner, Member of the UK Financial Policy Committee; Senior Research Fellow, Institute for New Economic Thinking, and Michael Woodford, John Bates Clark Professor of Political Economy, Columbia University and...

Monday, 20 May 2013 |

Western Orthodoxy

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Both eastern and western Christians, on first hearing of Western Orthodoxy, often ask such questions as “Who are these people?” or “Why haven’t I heard of them before?”

Western Orthodoxy

Source: /www.allsaints-stl.org/

First, who are Western Orthodox Christians? Simply, they are those Christians of the West who have discovered the truth of Orthodoxy and who have

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Jessica Desvarieux Jessica Desvarieux, Capitol Hill correspondent for the Real News Network, reports on the hunger strike at Guantanamo.

Since Obama plans to give a speech on Guantanamo (and drones) this coming Thursday , this video provides useful background.

Obama:

[OBAMA:] I think it’s critical for us to understand that Guantanamo is not

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By Jayati Ghosh, Professor of economics at Jawaharlal Nehru University, New Delhi, and the executive secretary of International Development Economics Associates. Cross-posted from Triple Crisis .

Since her death, many eulogies of Thatcher have spoken of her as a revolutionary. Thatcherism (along with the associated Reaganomics) is seen as a...

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May 20 (Reuters) - Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the matter....
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The world’s largest chip maker wants to see a new kind of economy bloom around personal data.

Intel is a $53-billion-a-year company that enjoys a near monopoly on the computer chips that go into PCs. But when it comes to the data underlying big companies like Facebook and Google, it says it wants to...

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