Word: problems
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...income but is now the principal breadwinner. "You worry about losing everything. It's just overwhelmingly scary - and there are no resources for spouses." Janosek was able to increase her work hours, and her husband now has some contract work, which has helped - but it hardly solves the problem. "I am still angry about it," she says. (See 10 ways your job will change...
...paper's authors caution that their statistics are not exact and should be taken primarily as an indication that there is a looming problem, one that needs to be addressed. The 26% figure comes from a series of consumer surveys that feed into the Booth Chicago/Kellogg School Financial Trust Index. In December 2008 and again in March 2009, 1,000 people were surveyed and asked, among other things, if they knew anyone who had defaulted on a mortgage, and if they knew anyone who had defaulted on a mortgage even if he or she could afford to make the monthly...
...willing to walk away. "Once you see everyone else doing it, maybe the stigma goes down," says Sapienza. "It's also possible that there's a multiplication effect: if I know other people are walking away, the value of my house deteriorates." Which then would create the problem anew...
...Some analysts believe that a bigger problem may be consumer panic. Drivers, who on average have one-third of their tank filled, could rush out to fill their tanks, effectively tripling the demand for gas. That alone would send oil prices soaring. So, too, would speculation by investors who predict a drop in supplies. "Prices will rise, and people will buy futures," says Drollas. "Traders will buy because they are worried about their supplies." All that could send market prices rocketing - and deepen the global recession. It remains to be seen whether the market remains calmed by Obama's reassurances...
...attention that the Russian press was giving Obama's election race. But Kozhevnikova adds that since Obama took office in January, racially motivated crimes against black people in Russia have dipped to pre-election levels. "Racism in Russia has always been widespread and will always be a problem," she says. "But I don't think the fact that he is black is an issue today." (See pictures of how Obama's election energized the heart of the civil rights movement...