Word: resets
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...Clinton, the word overloaded is itself a reminder of where things began to go wrong. Last March, she had the honor of starting Obama's charm offensive by presenting her Russian counterpart, Sergei Lavrov, with a little red button. It was supposed to have the Russian word for reset on it and was meant as a harmless bit of fun. But thanks to a spelling mistake somewhere in the State Department (presumably the Gimmicks Directorate), Lavrov had to explain that the button actually said overload. It caused some awkward laughter. "We won't let you do that to us," Clinton...
With so many nations vying for respect, it's no surprise that international politics often plays a role in scoring disputes. A botched 1972 U.S.-Soviet basketball game briefly heated up the Cold War when a disputed time-out and a wrongly reset clock effectively handed the Soviets three chances to beat their political rivals. They did, by a single point. The Soviets got the gold, and the U.S. team angrily refused the silver. Thirty years later, when Russia found itself with an embarrassingly small number of medals in 2002's Salt Lake City Games, the Duma blamed U.S. imperialism...
...crisis is a terrible thing to waste. If we don’t use it for a reset on the personal and community level, then all the suffering had been in vain,” Wallis said. “But if this is a time in what a new ‘normal’ should look like, it could be redemptive...
...dollar value of loans that will undergo a 10% or more jump in monthly payments, an amount that plenty of families would find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will reset higher each month, according to data from mortgage...
...such loan, which was written in 2007 for $465,000 over 40 years. A minimum monthly payment that started at $1,260 soon rose to $1,354 and then to $2,806, more than twice the original amount. The borrower quickly defaulted. Going forward, the bigger problem is the reset that normally comes after five years. Even without negative amortization, many borrowers will see their monthly payments jump by 50% or more. According to an S&P study of loans originated in 2005, borrowers who have undergone a higher reset are nearly three times as likely to default as those...