Monday, 12/29/08
NEWS:
Fill It Up With Oak and Pine
Tunbridge -- Justin Ferro peered into his rural clean energy future, and it smelled like a campfire. See full story
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NEWS:
‘He Had Time For Everybody'
Cornish -- Corporate life never suited Ray Evans. And so, at the age of 35, he and his family set out for New Hampshire looking for a change. See full story
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NEWS:
Israel Plans Sustained Offensive
Jerusalem -- Israeli warplanes struck a broad array of targets in the Hamas-run Gaza Strip yesterday, hitting a security compound, a mosque, the Islamic University, a television station and a network of smugglers' tunnels along the border with Egypt as Hamas fired fresh volleys of rockets into Israel. The Palestinian death toll exceeded 290 after two days of violence, making this the deadliest operation in Gaza since Israel seized control of the coastal territory from Egypt in 1967. See full story
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SPORTS:
Big Green Beats Cadets in Overtime
Hanover -- Even when there's no homework to do, the Dartmouth men's hockey team still seems to find some extra home work to do. See full story
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EDITORIAL:
Mortgage Relief?
Homeowner Program Flops
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Passed by Congress in July and put into effect on Oct. 1, the federal government's Hope for Homeowners program was billed as strong medicine for the twin ills of rampant foreclosures and sagging home prices. Advocates argued that it would help stave off recession by delivering mortgage relief to the most deserving of distressed homeowners -- all while creating the least possible taxpayer expense and avoiding perverse incentives. Basically, the plan was to offer as much as $300 billion in government-guaranteed home loans to people whose current mortgages exceed the value of their houses; 400,000 people would benefit, it was said. Well, the early returns are in, and the program is, at this point, a flop. There have been only 312 applications, according to the Department of Housing and Urban Development. At that rate, the three-year program would help only about 5,400 borrowers. See full story
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For complete story, see today's Valley News
Obama's Tax Cut Remains on Agenda
Washington -- A top adviser to President-elect Barack Obama said yesterday that the country's slowing economy won't keep the new administration from fulfilling its plans for a middle-class tax cut.
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