Word: rates
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...Take the unemployment rate: the adverse scenario of the stress test is based on an average unemployment rate of 10.3% for 2009. However, at the current pace unemployment is more likely to hit the 11% mark. On a quarterly basis, the rate of unemployment is already well beyond the levels assumed by the adverse scenario for the end of the first quarter of 2009. Similar considerations apply to U.S. real GDP and home prices. (Read about the top 10 bankruptcies...
...Fortunately, the flu pandemic did not materialize. The rate at which people are getting infected is slowing. The rate at which people are dying is decelerating even more. In a few weeks, the pandemic could be down to a few dozen cases. But, the latest caution from the WHO is that these flu viruses can become more virulent over time. No one knows how bad the mutations of the "swine...
...this rate, it could be the Republican Party...
...coverage, they could keep it - that is, the system would remain a private one, presided over by a more strictly regulated insurance industry. And in the months since the election, the insurers have indicated that they will play ball: they've said they will cover everyone, at the same rate, regardless of pre-existing condition. (There are caveats: the details of health insurance are devilish, and pitched battles are fought over arcana too obscure to cover in this space.) But more-liberal Democrats have decided to press the issue. They have proposed a "public" health-insurance option, similar to Medicare...
...principled leadership, but only the tea-party fringe seems to be following. "Nobody likes Dr. Doom," Sanford says with a smile. Leading a state with the nation's third highest unemployment rate, he understands the Keynesian idea that only government spending can jump-start a recessionary economy: "I get it. I'm supposed to be proactive." But if spend-and-borrow is the only alternative to a depression, he says, "then we're toast...