| Rural homes foreclosed, but not near number of urban, suburban home ...
Foreclosures, which have roiled housing markets across the state and the nation, have had a smaller impact in Pennsylvania's rural communities, where subprime loans were rare and lenders and borrowers work hard to avoid defaults. "Because of the nature of the rural buyer, they tend to be more conservative in how much debt they carry," said Dan Duffy, chief executive officer of United Country Real Estate in Kansas City, Mo., one of the largest rural real estate agencies in the United States. Also, lenders who specialize in serving rural communities keep most of those mortgages on their own books rather than sell them on the secondary market. Thus, they will go to greater lengths to help property owners avoid foreclosure. For the most part, the lenders tend to be small outfits, often nonprofit organizations with relatively few accounts.
Long-term view crucial amid turmoil
After a fearful couple of days in markets throughout the world, investors on Wednesday enjoyed the relief of a turnaround of more than 600 points in the Dow Jones industrial average in a day.
Suddenly, with stocks down about 20 percent in markets from France to India, the surprise rebound changed analysts' chatter from fear to buying opportunities.
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Corinne Bailey Rae: 'It's mad we think tap water isn't good enough for ...
Girls' education is seen as disposable, so they end up missing school, walking miles with unsafe water. It impacts hugely on women's lives, as well as the environment.' At 28 years old, she is the ambassador for Pump Aid, a charity founded in Africa that works with local communities to create sustainable supplies of clean water. They build pumps in rural Zimbabwe, Malawi and Mozambique, funded by the bottled-water brand Thirsty Planet. Every litre of Thirsty Planet sold generates 50,000 litres of water in Africa, and they aim to bring clean water to 10 million people by 2015: 50p from every multipack sold goes to Africa, where it will provide clean water for someone for life. 'I didn't realise just how amazing this organisation was until I went to Malawi in September,' Bailey Rae says.
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