Word: flooded
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Dates: during 2010-2019
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...biggest problem will likely be a flood of inventory hitting the market from rising foreclosures, says Bob Curran, a managing director at Fitch Ratings. With a mountain of specialized adjustable-rate mortgages, known as option ARMs and certain Alt-A mortgages, slated to reset over the next 12 to 18 months and unemployment projected to hit 10.5% this year, the number of homeowners defaulting on their mortgages is expected to surge. At least $64 billion in option ARMs will reset in 2010 and another $68 billion in 2011, according to First American CoreLogic, a real estate and mortgage-data company...
...case, didn't seem to be the problem. In fact, that system functioned exactly as it was meant to - indeed, perhaps too well. It's clear now that there were multiple signs in recent months that Abdulmutallab was a potential risk, but they were simply lost in the unmanageable flood of information the U.S. intelligence and security agencies are designed to produce. Obama himself nodded toward this problem after meeting with security officials this week. (See why Obama was angry with the intelligence community...
...role in sustaining early Chinese civilization, has an iconic role in China, and a threat to it will draw attention the country's water woes in a way that few other Chinese rivers can. As hundreds of workers race to prevent its already tainted waters from absorbing a new flood of befouling chemicals, it serves as a painful reminder of how imperiled by pollution this society has become.- With reporting by Jessie Jiang / Beijing...