Subprime mortgage lender shares fall sharply - 2007-02-23
Subprime mortgage companies' shares dropped sharply on Friday, extending more than two weeks of declines and triggering broader economic worries. Impac Mortgage Holdings Inc., like other subprime lenders that make home loans to people with weak credit, posted the loss amid defaults and writedowns of mortgage assets that generally appear to have picked up in the fourth quarter.
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Giant U.S. economy swallows 'small' wars - 2007-02-23
Three hundred million dollars a day seems like quite a bit of money. But in terms of economic impact, Iraq is a small war. Military spending boosts profits; pulls employees out of jobs and into uniforms, providing paychecks for thousands of other workers; pours money into research; and puts the nation deeper into debt.
The human costs are beyond calculation. But for the overall U.S. economy, the war has been something of a sideshow.
Read the full story at Atlanta Journal Constitution