Word: phoenix
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...good news, relatively speaking, is that these loans are very concentrated: about 75% of all option ARMs were written in California, Florida, Arizona and Nevada, with the vast majority of those in California. In that way, the option-ARM problem is localized. People living in Phoenix, Las Vegas and California's Inland Empire, which have high concentrations of option ARMs, can expect to see renewed downward pressure on home prices. But the trend won't spread nationally...
...know I am homeless," says Agnes Cooper, 58, who parks her silver 2006 Chevy HHR hatchback at a local gym in Phoenix. "If [the managers of the gym] know, they haven't said, and I have not asked permission. When I first slept in my car, I was parking at a Burger King, but the young kids made fun of me, and I am not accustomed to children being disrespectful." Cooper says her passenger seat folds down flat and she sleeps well. She works out and showers every morning and says the gym is "the best thing that ever happened...
Unless they’re planning on raging in Qdoba, Harvard Square doesn’t offer students much in terms of party spaces. Co-eds have long been looking for an ample venue that isn’t the Co-op or the Phoenix to host events; and they seem to have found one this year. Oberon, the theatrical club space of the American Repertory Theatre (A.R.T.), is slowly becoming the hot new space on campus to plan an all-night affair...
...Harvard ladies did have a supermajority, what would that do to campus social life? Well, the obvious transformation of Fox to Vixen, Phoenix S.K. to Flamingo, could leave the women, and not the men, waiting outside for admission on some cold Friday evening in February. Such a disparity, though, could make it far easier for the guys interested in the ladies to find someone to take to the next House formal...
...think the politicians have been listening," says Jerry Licata, a 61-year-old retiree who left New York for Phoenix 37 years ago. "The taxpayers have not been vocal enough before. They are just spending our money." Licata attended the Tea Party rally in Phoenix on April 15 and knew the cause was the right one for him. "That was it for me," says Licata as an 18-wheel Fed Ex truck sounds a loud horn in support of the Tea Party group. "I want the politicians to represent the people and not the special-interest lobbying groups," Hoelscher says...