Word: jobbed
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...according to a chart from a recent report by Amherst Securities. The chart shows the dollar value of loans that will undergo a 10% or more jump in monthly payments, an amount that plenty of 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...
...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...
...than in 2008. But it's not just the total number of customers that determines rates in a risk pool - the health of those customers also matters. It's also not surprising that more people are enrolling in individual coverage with the unemployment rate high and people losing job-based insurance...
...Kansas insurance commissioner and head of the managed-care committee of the National Association of Insurance Commissioners, said she agrees with others that Anthem Blue Cross is probably operating within the law in proposing its California rate hikes. "I thought the explanation made perfect sense," says Praeger. "In this job climate, if people are young and healthy, they're just not going to buy insurance. And the people who do keep it are the ones who need...
...principals support themselves through consulting, investments and speaking engagements.) But Adrià says the financial burdens of the restaurant, as well as the obstacles it poses to family life, merely accelerated his decision, not determined it. His primary motivation was to maintain the creative spark. "Part of my job is to see into the future, and I could see that our old model is finished," he says. "It's time to figure out what comes next...