Once the loan is bought, the principal would be cut and the repayment terms eased.

ECONOMIST: Eminent domain and mortgages

In terms preferred by economists, a situation defined by a principal-agent problem (such as you hiring a doctor or car mechanic who gets to both define your problem and figure out what to charge you for fixing it) was replaced by a much simpler employment relationship: would-be hustlers found themselves being turned into professional, generalist managers.

FORBES: Entrepreneurs are the New Labor: Part I

If Clearwire is unable to repay the PIK Debenture during this 30 day period, it would be entitled to convert the principal amount and accrued interest on the PIK Debenture into a note on terms comparable to the 2015 Senior Secured Notes previously repaid, having a maturity of December 1, 2015.

ENGADGET: Dish Network makes an offer to buy Clearwire, even though Sprint was already buying Clearwire

While this will be helpful in reducing foreclosures in the short run, if not handled carefully it may also create perverse incentives for increased delinquencies in the future if the terms require borrowers to be delinquent in order to receive the windfall of principal reduction.

FORBES: It's Time To Finalize The Robo-Signing Settlement

"For Facebook the main challenge is not just to grow in terms of numbers, but more importantly to deepen and enrich engagements, " said Eden Zoller, principal analyst at tech research firm Ovum.

BBC: North America

The petrochemical and plastics giant, which had dreams of growing to chaebol-like dimensions in terms of size and breadth, abandoned its ambitious expansion plan and said it would stop paying interest and principal on its loans.

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