Word: doneness
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...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 a higher reset are nearly three times as likely to default as those who haven't. "Some of the damage has already been done," says S&P managing director Diane Westerback, "but the loss projections are increasing." (See TIME's special report on the World Economic Forum in Davos...
...October, the process had dragged on for the better part of a year, and the public mood had grown bitter. According to an NBC/Wall Street Journal poll, the percentage of Americans who said Obama had done a "very good" job of "achieving his goals" was less than half the level of January 2009, and significantly fewer people believed he was successfully "changing business as usual in Washington." (See the top 10 political defections...
...thrives because while gridlock sours the public on both parties, the out-of-government party (particularly if it's also the antigovernment party) benefits anyway. That might change were our political system filled with latter-day Perots, cranky independent candidates determined to punish both parties for not getting anything done. In the early 1990s, the original Perot combined an assault on the way government did business with a demand that it climb out of debt. Like the public itself, Perot believed there was a commonsense, nonideological way to cut the deficit, if only the two parties would stop bickering...
...entering a period of harmonious and easy-to-achieve bipartisan partnership. Under President Reagan, we never had a majority in the House, so every bill had to include a lot of Democrats. The negotiating was difficult, and the debates were tough, but in the end we got a lot done...
...nurtured the Tea Party movement in its early days, offering training and logistical support. When Santelli sounded his trumpet, Jenney organized the first Tea Party protests in his state. But the larger the movement has become, the less sway professional organizers have, Jenney told TIME. "We've done quite a bit of coaching. At the same time, a lot is self-done with these groups that are largely organized on the Internet," he said. "For example, the Tucson Tea Party folks are very independent. They have knocked out one city councilman and now want to recall the governor...