Word: reals
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...next 12 to 18 months and unemployment projected to hit 10.5% this year, the number of homeowners defaulting on their mortgages is expected to surge. At least $64 billion in option ARMs will reset in 2010 and another $68 billion in 2011, according to First American CoreLogic, a real estate and mortgage-data company. (See high-end homes that won't sell...
John Burns, president of John Burns Real Estate Consulting, is a bit more bearish, predicting foreclosure notices will rise to 3.1 million this year. Foreclosure notices include default notices, auction-sale letters and bank-repossession notices. But those notices may produce a far more damaging result than last year's. "I think 50% more people will lose their homes to a bank this year than they did last year," predicts Burns. (See questions and answers about retirement...
...giant, is even taking a bet on the blades. The maker of mass-market products such as Tide detergent, Crest toothpaste and Ivory soap purchased the Art of Shaving in June for an undisclosed sum. P&G's move surprised some analysts, as it represented the company's first real foray into retail, which has struggled during the downturn. "You kind of wonder what they are doing here," says Linda Bolton Weiser, equity research analyst at Caris & Co. "When companies start to veer off their main focus, it often doesn't work...
...working so amazingly well," says Berkeley's Geoff Marcy, a champion planet hunter in his own right and a member of the Kepler science team, "that the light curves [that is, the dips in light caused by transiting planets] look like they come from a textbook, not a real instrument...
...Still, such a risky test is bound to raise a lot of questions. Security experts say they are perplexed as to why the Slovakian authorities would attempt this kind of experiment using real explosives - and a real passenger. "I've never heard of an incident like this before," says Tim Ripley, a British security expert who writes books about defense issues. "It's very unusual for a civilian to be used unwittingly in these kinds of tests. Normally an airport would use its own staff for tests. So to hide explosives in someone's bag and just hope...