Originally published on Tue February 21, 2012 3:06 pm
Greece is looking more and more like one of those "troubled homeowners" we hear so much about.
It's underwater and struggling to cover debts worth far more than its gross domestic product. So nervous lenders are offering to write down some of those loans in hopes of sending Greece a lifeline and keeping Athens current on its payments.
In return, the country has agreed to put its balance sheet in order, a process that is going to be neither easy nor quick.
In the documentary If A Tree Falls, director Marshall Curry tells the story of the rise and fall of the Earth Liberation Front, a group that the FBI once described as America's number one domestic terrorism threat. The film has been nominated for an Academy Award.
Virginia state legislators passed a bill requiring women to receive an ultrasound — which is conducted via transvaginal probe in the first 12 weeks of pregnancy — before having an abortion. Dahlia Lithwick, senior editor for Slate magazine, calls the proposed law "an abomination."
Americans have tended to save more and spend less in the years since the economic downturn in 2008. But according to a survey from BankRate.com, only 54 percent of Americans have more emergency savings than credit card debt.