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...families would find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will reset higher each month, according to data from mortgage tracker Loan Performance. That comes close to the figures we saw during subprime's height. (See the best business deals...
...plane hit - between the first and second stories of the Echelon building in northwest Austin, about 10 miles from downtown - one eyewitness on the ground told a local television station that there was "giant fireball about 50 feet wide." The Echelon is part of a four-building complex of office buildings set in small office park near the intersection of two busy Austin highways. The exterior of the buildings are flat, black glass that just before the crash reflected clear, blue winter skies. "It sure was hauling. It was a really speedy dive," Jerry Cullin, a pilot, told KXAN...
...that changed when Bill Clinton took office. With the GOP no longer controlling the White House, a new breed of aggressive Republicans - men like Newt Gingrich, Tom DeLay and Trent Lott - hit on a strategy for discrediting Clinton: discredit government. Rhetorically, they derided Washington as ineffective and conflict-ridden, and through their actions they guaranteed it. Their greatest weapon was the filibuster, which forced Democrats to muster 60 votes to get legislation through the Senate. Historically, filibustering had been rare. From the birth of the Republic until the Civil War, the Senate witnessed about one filibuster per decade. As late...
...This week, Relief International doctors at a field clinic in a hard-hit suburb of the capital encountered a woman who only a few days before had found an infant abandoned in an open-air latrine. The NGO contacted UNICEF, which is registering the baby and conducting a search through various media, like radio, for her family. What's more, even though the woman who found her is poor, she has been allowed to care for the infant under the UNICEF network's supervision - largely because experts like de la Soudiere says it's often a better option to keep...
...witnessing both gold-medal performances on Wednesday: Vonn is awe-inspiring, but White is still the more impressive athlete. To me, it's all about the flipping. You can teach me to ski; obviously I'd never reach Vonn's level, but if thousands of folks of all ages hit the slopes every weekend, so can I. But I'm not pointing my head to the ground in mid-air. And I'm certainly not doing it 35 feet from the bottom on a pipe. (My fear of heights also works in White's favor...