FROM Mark Zandi
Will New Help for Borrowers Make a Difference? In December, it was " Project Hope " to provide help to holders of sub-prime mortgages who can't make increased payments. Today it's " Project Lifeline ," a program by six of the nation's leading financial institutions to freeze all foreclosures for 30 days. Treasury Secretary Henry Paulson acknowledged that while no program will solve all borrowers' struggles, the new plan "has the potential to offer new solutions to responsible, able homeowners who want to keep their homes." Mark Zandi is chief economist at Moody's Economy.com.
A Climate Change Deal in China, and Calls for Change in Mexico The historic deal between the US and China promises to set the most ambitious carbon reduction standards ever from the world’s top two greenhouse gas producers. Also, the case of 43 missing students in Mexico has made headlines around the world. What would it take to break the hold of drugs and political corruption in Mexico?