Word: defaults
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...President-elect rode the rails to his Inauguration, his normally buoyant spirits muted by a passing landscape of shuttered factories and municipalities in default. A quarter of the nation's workforce was unemployed; what remained of its credit system was on life support. By the time Franklin Roosevelt reached Washington on the evening of March 2, local hotels were refusing to accept out-of-state checks. Eleanor Roosevelt wondered how her family would pay its tab at the Mayflower...
Unfortunately, this is only going to draw more fire on the company over its disclosure. Unfortunately, when you have a top CEO like this facing dire health conditions, the duties of the company default to its shareholders rather than to a star CEO such as Jobs. You can bet that critics will be out today or tomorrow already doubting whether or Jobs will return to work in June...
...years ago, Fair Isaac produced a chart predicting the odds that a borrower with a certain credit score would default on a mortgage. For example, it predicted that a loan to a borrower with a 680 score had a 1 in 144, or 0.7%, chance of becoming delinquent over the life of the loan; a person with a 700 FICO score would have a 1 in 288 chance, or just...
...Nobel Prize winner Paul Krugman and other leading economists are right, the federal government has less than two months to get a huge economic stimulus package into the market place. There is still debate about whether it should focus on building infrastructure, creating jobs, keeping mortgages from default, or cutting taxes. Which of those is the best path is impossible to determine beforehand. It may be that it will never be entirely clear exactly what hurt or helped the economy. Those issues are still being debated when it comes to the reasons American got into and out of the Great...
...tale of an old homeless man, Jenkins (played onstage and in the excellent 1963 film version by Donald Pleasance), who is brought to the home of the simple-minded Aston (Robert Shaw) and his conniving brother Mick (Alan Bates). Jenkins begins as the ratty interloper but becomes sympathetic by default as the brothers play their mind games. The plot fits the contours of a standard nightmare: being invited into a place where you are misled and mistreated...