If you've applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without any extra documentation — and if you're approved, it will give you a 15-year fixed-rate mortgage. There's just one catch: The mortgages are only for low-income people in Cambodia. The program is a throwback to the days when bankers got to know their customers — and trusted them.
President Obama was in Denver on Wednesday to rally support for gun control laws. Colorado has stepped up on both background checks and ammunition magazines, and Democrats there fear backlash next year.
The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for $5.4 billion. They were bought at a competitive auction by Tishman Speyer Properties and BlackRock Realty.
There's been a significant shift in international aid in recent years. Less money is coming from large donor nations and more is coming from private foundations, corporations, even countries that only a few years ago were recipients of aid themselves.
An ancient hunting ritual is making a comeback in modern Spain: the practice of hunting wild boar on horseback with spears — and no guns. The sport dates to Roman times, and was recently approved and added to Spanish hunting regulations.
Just a 20-minute drive from Spain's capital, you're in the dehesa — oak woodlands, where wild boar, deer and mountain goats roam. Madrid's skyscrapers are on the horizon, but in the forest, ancient traditions still reign.