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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...
...those reasons, Ludwig adds a few others. Previous studies have found that watching television lulls people, especially young children, into a low-energy state that is akin to sleeping - that's about as sedentary as a person can get. "Some studies suggest that the metabolic rate can fall even below that of sleeping," he says. "They suggest that children are getting into some deep hypnotic state at times." (See the top 10 TV series...
...idea. During Prohibition in the 1920s and '30s, American breweries pumped out "near beers": malt beverages with little or no alcohol. And in the 1980s and '90s, brewers including Guinness and Anheuser-Busch attempted to revitalize stagnant beer sectors in Europe, Australia and the U.S. with low-strength lagers. But their products often flopped because of one big problem. "They frankly didn't taste like beer," says Anand Gandesha, head of marketing at Britain's Cobra Beer...
This is all grist for the China skeptics' mill. If low-interest loans meant to keep businesses humming are being diverted to stock speculation, how sustainable is China's recovery? An asset bubble may already be forming. The initial public offerings (IPOs) of Chinese companies in China and Hong Kong are being bid up to eye-popping heights. The $7.3 billion IPO of China State Construction Engineering, which debuted on the Shanghai bourse last week, soared 90% on its first trading day. The property market is sizzling too. New home sales in Shanghai shot up 70% in the first half...