Word: foundings
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...Deutsche Bank report adds another wrinkle. So far, the highest rates of underwater borrowers have been found among those people with subprime, Alt-A and option-ARM loans. These loans, often sold to people with low credit scores or those stretching to afford a house, were largely peddled at the height of the boom and therefore often correspond to home prices that had nowhere to go but down. However, according to Deutsche Bank's projections, a second wave of upside borrowers is about to hit, and this time prime borrowers will account for the bulk...
...high-pressure field is created in front of the body, and a low-pressure field is created at the back of the body," explains Katija, and the low-pressure acts like a vacuum, sucking in the nearby water when the jellyfish begins to move. "What we have found is a mechanism that would allow for animals to mix water efficiently when they swim...
...long. A smart tax would stabilize the price of gas at a high enough level to discourage driving - and it would generate revenue that could be used for a number of green programs, including cash for clunkers. Certainly, efficiency is an important goal - a new report from McKinsey & Co. found that the U.S. economy could save $1.2 trillion through 2020 by investing $520 billion in various efficiency investments - and encouraging the switch to less wasteful cars is smart policy. But unless we end the era of cheap gas too, those savings will go down the drain...
...cold winter months and level off in the summer? According to a study from researchers at Mount Sinai Medical School, the flu virus is more stable and able to stay airborne longer when the air is cold and dry. The Mount Sinai researchers, who tested guinea pigs, found that the spread of the virus was most prevalent when the temperature reached a chilly 41°F (5°C); infections slowly decline as the mercury rises, before stopping altogether at 86°F (30°C). (Tropical countries, where fairly constant, high temperatures are prevalent, tend to have relatively even...
Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the third of five pieces to appear on TIME.com, he explains why he thinks Baby Boomer culture should change to reflect the urgency of modern life...