Word: peaks
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Banks have cut off or pared back an estimated $1 trillion in credit lines since the peak of the credit boom, according to the now famously bearish analyst Meredith Whitney (who accurately predicted Citigroup's meltdown back in 2007). Moreover, according to a study from the maker of the all-important FICO credit score, recent cutbacks have hit twice as many of the most financially responsible consumers--those with a median credit score of 770--as those with crummy credit. "These people have done everything right," says Greg McBride, senior financial analyst with Bankrate.com "and now some arbitrary decision could...
...Cessna 172 took off from Santa Monica, Calif., bound for the ski resort Big Bear. On board were Norman Ollestad, his father, his father's girlfriend Sandra and the pilot. Crossing the San Gabriel Mountains in heavy gray snow clouds, the plane failed to clear Ontario Peak. It crashed into the mountain at 8,200 ft. (2,500 m), just short of the summit, in the middle of a blizzard. Norman and Sandra survived the initial impact, but only Norman made it down off the mountain...
...dashing adventurer who pushed his son to feats of preadolescent derring-do as a surfer and skier that are unimaginable by today's nurturing parental standards. It may have been his familiarity with physical danger, and his calmness in the face of it, that saved Ollestad on Ontario Peak. It helped him manage the psychic aftermath too, to put a frame around it. To the Ollestads, life was "raw and wild and wonderfully unpredictable." To be paralyzed by fear of it, by the inevitability of pain and loss, would be the real tragedy...
...success is measured only in how much your movie needs you, Cera has reached the peak of his career to date with Year One, a comedy set in biblical times. By playing once again the sweet, stammering smart guy, although this time in a Spinal Tap wig and caveman furs, Cera can't stop Year One from being a bad movie, but he does save it from being a catastrophe. He plays Oh, an inept gatherer who is best friends with an even more inept hunter named Zed (Jack Black). They're kicked out of their village - the wisest...
...economy has turned a corner and should be out of recession sooner rather than later. The latest strong signal came on Friday, when the Labor Department's May employment report showed a dramatic slowing in job losses, to 345,000, down from 504,000 in April and a peak of 741,000 in January. That many jobs lost in a month is still horrible, but the big change from the previous month and the fact that forecasters expected far worse are both indications that the economic tide has probably turned...