BUSINESS
February 1, 2012 | By Jim Puzzanghera, Los Angeles Times
Distancing himself from Republicans on housing issues, President Obama pitched a $5-billion to $10-billion plan to help a key segment of struggling homeowners — those still making monthly payments, but on underwater mortgages. Obama proposed Wednesday to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages. He argued that those homeowners — and the country — couldn't afford to let the housing market bottom out, as many Republicans, including presidential candidate Mitt Romney, have advocated.
BUSINESS
August 7, 2011 | By Kenneth R. Harney
If you give millions of seriously underwater homeowners a new equity position in their properties by reducing their principal mortgage debt, will they keep paying on their loans and avoid foreclosure? Call it a pipe dream or a significant model for other lenders and investors, but one company says it has found an important combination: Modify underwater borrowers' loans so that their payments are reduced to a manageable amount and cut their principal debt over time, but make the deal dependent on their scrupulous on-time monthly payments of the new amount plus sharing of a portion of any future profit they make on the house sale.
NEWS
March 12, 1988 | From United Press International
Pop star Andy Gibb died of natural causes--an inflammation of the heart probably caused by a virus--and not from a drug overdose or alcohol abuse, a hospital announced Friday. Gibb died at Oxford's John Ratcliffe Hospital on Thursday, five days after his 30th birthday. He entered the hospital Monday complaining of stomach pains.
SPORTS
September 14, 2011 | By Sam Farmer
Brian Price, once a wrecking ball on UCLA's defensive line, has beaten long odds to return to the NFL after two off-season surgeries aimed at keeping his hamstrings attached to his pelvis, rather than breaking loose and coiling down the backs of his thighs. For Price, who will start at defensive tackle Sunday for the Tampa Bay Buccaneers, his excruciating recovery was a 10-step process. Meaning just two months ago, he could run only 10 steps. "You have these doubts in your head at times," said Price, a second-round pick of the Buccaneers in 2010 who, because of his congenitally malformed pelvis, spent the last half of his rookie season on injured reserve.
HEALTH
July 19, 2004 | Daffodil J. Altan, Times Staff Writer
Vertigo. For most people, the word summons images of Jimmy Stewart dangling from high places in Alfred Hitchcock's classic thriller by the same name. It means something else, however, to hundreds of thousands of people who experience the strange, dizzying affliction. The most common cause of vertigo, known as benign paroxysmal positional vertigo, usually can be treated with one visit to the doctor.
NATIONAL
January 22, 2010 | By Richard Fausset
Former Democratic presidential candidate John Edwards admitted Thursday that he fathered a child with a former campaign videographer, confirming rumors and reports that had been swirling around the former North Carolina senator for months. "I am Quinn's father," Edwards said in a prepared statement, referring to Frances Quinn Hunter, the toddler he fathered with the videographer, Rielle Hunter. " . . . It was wrong for me ever to deny she was my daughter and hopefully one day, when she understands, she will forgive me."