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...keen sense of risk honed in professions like academia, the law or finance. These hobbyist bounty hunters were bound to start showing up at the Main Event, where the game's popularity has pushed up the stakes nine-fold over the past decade - a period that has seen folks with a knack for numbers, like math whiz Chris Ferguson and accountant Chris Moneymaker, claim mountainous paydays...

Author: /time Magazine | Title: Will a Wall Streeter Win Big at the World Series of Poker? | 11/3/2009 | See Source »

...baseball analogy, I'd say we're probably in the middle of the sixth inning. We don't see foreclosure activity peaking until sometime in 2010, and we probably won't be down to normal levels of foreclosure inventory until sometime in 2013. Year to date, we've already seen about 2.3 million households receive a foreclosure notice. That's roughly the same amount we had all of last year. We're looking at nearly 7 million households that are past due on their loans or already in foreclosure. There's a pipeline of potential trouble. (Read "Grass-Roots Efforts...

Author: /time Magazine | Title: Q&A: The Outlook for Home Foreclosures | 11/3/2009 | See Source »

...going to be upside on the loan amount. In other words, the homes will be worth less than what's owed on the loans. The only way these loans will qualify for modifications is if the lenders took a huge principal-balance write-off, and we just haven't seen any appetite for that...

Author: /time Magazine | Title: Q&A: The Outlook for Home Foreclosures | 11/3/2009 | See Source »

...said he cannot vote for the bill as it stands, and moderate Democrats such as Indiana's Evan Bayh, Nebraska's Ben Nelson and Blanche Lincoln of Arkansas have voiced reservations. Still, Schumer remains upbeat: "Harry Reid is the best vote counter and vote getter that I have ever seen in my 35 years as a legislator," he declared at a press conference on Oct. 29. "We believe we will succeed." (Watch TIME's video "Uninsured Again...

Author: /time Magazine | Title: Can Chuck Schumer Push a Public Option Through? | 11/2/2009 | See Source »

...most Americans want a public option; conveniently some have even begun surfacing in states like Nevada and Arkansas (Reid and Lincoln are two of the most endangered incumbents) showing surprisingly strong support. And third, Schumer has co-opted the language of state-rights, small-government Republicans. "I've never seen an issue where every Democrat really wants us to succeed, from the most conservative to the most liberal. It is universal that failure is not an option," Schumer said on Oct. 29. "And so there's going to be willingness to give - by the left, by the center...

Author: /time Magazine | Title: Can Chuck Schumer Push a Public Option Through? | 11/2/2009 | See Source »

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