Word: scenario
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Ideally, refinancing makes sense only if you use the extra cash to add security rather than risk to your retirement assets. In a less happy scenario, it may also make sense if your other debts are so out of control that consolidating them into one lower-interest loan is the only way to crawl out from under. But, financial planners warn, if you're using your home to reduce debt, don't rack up more debt once everything is paid...
Katrina was a big, vicious storm, it must be said. But Katrina was not the worst-case scenario. Katrina was a test...
...Wednesday, Gregory Breerwood, operations chief for the Army Corps of Engineers, told the Wall Street Journal that none of the plans had "ever included an event of this magnitude." But Hurricane Pam, an elaborate federally sponsored simulation conducted just one year ago, had predicted an eerily similar scenario with tens of thousands of deaths. One problem, in retrospect, is that no one had wanted to believe it. "I'll be honest with you. I'm the researcher, I'm doing all the models, and sometimes I would say to myself, 'Am I Chicken Little? Could this really happen?'" says Wolshon...
...success or failure of the "disengagement." There's still, of course, the chance that Sharon will leave the Likud before its members kick him out. He'd then form a new party with some of the centrist parties and the Labor Party. That now looks a likely scenario, because the polls have Sharon a clear loser to Netanyahu within the Likud, while much more popular with the general public...
...multiply that scenario across the thousands of European businesses dependent on crude oil, which hit a record $68 per bbl. last week and is up over 40% in the past six months. The result should be an inflationary spiral like the one that followed the oil shock of the mid-1970s, right? Not quite. For much of Europe, inflation remains muted; French consumer prices actually dropped in July. And the overall economic outlook seems to be improving in some places, most notably in Germany, Europe's biggest economy...