Word: floridas
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...good news, relatively speaking, is that these loans are very concentrated: about 75% of all option ARMs were written in California, Florida, Arizona and Nevada, with the vast majority of those in California. In that way, the option-ARM problem is localized. People living in Phoenix, Las Vegas and California's Inland Empire, which have high concentrations of option ARMs, can expect to see renewed downward pressure on home prices. But the trend won't spread nationally...
...January, for example, after a Florida commission denied requests for dramatic electricity-rate hikes, plans for two new reactors in the Keys were suspended, and plans for two more reactors outside St. Petersburg were delayed. Last August, the Tennessee Valley Authority scrapped plans for three new reactors in Alabama and delayed a fourth by at least four years. Other reactors have been canceled in Texas, Missouri and Idaho; license applications have been suspended in Mississippi, Louisiana and New York. Peter Bradford, a former member of the Nuclear Regulatory Commission (NRC), has calculated that of the 26 new applications submitted...
...Eileen Blackmer, whose Tea Party group in West Central Florida is called the Pinellas Patriots, the issue is trust. She doesn't have any left for the federal government. The answer, therefore, is a smaller government on a very short constitutional leash, with less spending and balanced budgets. Blackmer was galvanized to action by the debate over health care. "I read the entire bill, page after page after page," she said recently. "Everything's 'A committee will be formed.' We do need health care reform, but there are other things to do to control those costs. Quit making backroom deals...
...Democrats are not the only ones rattled. Tea Partyers are boosting former Republican state legislator Marco Rubio's challenge to Governor Charlie Crist for the GOP's U.S. Senate nomination in Florida. In Arizona, the movement is targeting Senator John McCain, whose willingness to compromise on issues like immigration makes him vulnerable to former Representative J.D. Hayworth in the primary. Indiana Republican Dan Coats, a former Senator, is itching to get his job back after the retirement of Democrat Evan Bayh. But he too hears rumblings on his right. It is the sound of Tea Partyism on the march...
...earthquake, given the overwhelming demand for artificial limbs: of the 250,000 people injured, doctors estimate as many as 100,000 are amputees. And that doesn't count the victims who will probably need limbs amputated down the line because of wound infections. Outside the Medishare tent ward, Florida orthopedic surgeon Dr. Albert Volk watches a teenage girl limp by on crutches and shakes his head. "An open tibia fracture, with the bone exposed," he says. "Chances are in six months she'll lose the leg below the knee." (See children's messages of hope to Haiti...