Word: amounting
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...Bartley: It's hard to tell because our menu is constantly changing, but I'd say "The Ted Kennedy" which is "a plump, liberal amount of burger with cheddar cheese, mushrooms, and French fries." "The Viagra" is also very popular. The Viagra is a blue cheese burger with bacon, lettuce, tomato, and French fries that invites you to "rise to the occasion...
...worried should we be? Perhaps very, according to a chart from a recent report by Amherst Securities. The chart shows the dollar value of loans that will undergo a 10% or more jump in monthly payments, an amount that plenty of families would find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle...
...grows, instead of shrinks, over time. In its report, Amherst dissected one such loan, which was written in 2007 for $465,000 over 40 years. A minimum monthly payment that started at $1,260 soon rose to $1,354 and then to $2,806, more than twice the original amount. The borrower quickly defaulted. Going forward, the bigger problem is the reset that normally comes after five years. Even without negative amortization, many borrowers will see their monthly payments jump by 50% or more. According to an S&P study of loans originated in 2005, borrowers who have undergone...
Another pressure that is eliminated in retirement is the scant amount of time members of Congress now have to get to know one another in the rival party. "There appears to be kind of an ever growing diminishing of relationships across the aisle - of fellowship and friendship," explains Domenici. "As soon as the votes are over, people are gone. You can't find them...
...question left unanswered at Defexpo 2010 was whether a country in which one-third of the adults are illiterate and 43% of children are malnourished should spend so much on weapons. India's central government spent $4.5 billion on education in 2008 - about the same amount that it plans to spend on 197 new helicopters. A handful of protesters picketed outside the gates of the exhibition hall on opening day, but they drew little notice. India's attention is firmly focused on what a defense-company representative called the "quality gap" between its weapons and those of its neighbors, Pakistan...