Word: soaring
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...auction is to try for a short sale, a transaction in which the mortgage lender agrees to take less money that it is owed. A bank can easily spend tens of thousands of dollars to move a house through the entire foreclosure process, so as default rates soar, more are willing to negotiate with real estate agents representing a bid that's technically too low. (Short sales are becoming so commonplace that Beitler added a chapter about them in the upcoming second edition of his book.) The downside, from a buyer's perspective, is that even after a bank agrees...
...Even as carbon emissions from air travel grow rapidly, scientists are investigating claims that they may double the warming effect because of the altitude at which they're emitted. As jets soar they leave behind contrails, vapor threads of condensation that can persist for hours, especially in colder areas, and behave like high-altitude cirrus clouds. Those clouds seem to have a net warming effect, trapping heat in the atmosphere. Planes also create ozone, a greenhouse gas that has a stronger warming effect at high altitudes than low. The science is still being nailed down, but the side effects...
...working class in general have no reason to feel pessimistic. As Kristol stated, unemployment is low. But the rise in low-paying and insecure "McJobs" is not a sign that all boats are being lifted. As long as the income gap between rich and poor continues to soar, there will be increasing pessimism. Joe Burke, ST. LOUIS, MISSOURI...
...FATE OF THE IRAQIS A reduction in the U.S. combat presence would probably produce one clear benefit: a lower U.S. casualty rate. But a chilling truth is that as the U.S. death toll declined, the Iraqi one would almost surely soar. Just how many Iraqis would die if the U.S. withdrew is anyone's guess, but almost everyone who has studied it believes the current rate of more than a thousand a month would spike dramatically. It might not resemble Rwanda, where more than half a million people were slaughtered in six months in 1994. But Iraq could bleed like...
...even as eBay joins the list of Google's agitators, the search giant continues to soar, having recently overtaken Cisco Systems, albeit briefly, as Silicon Valley's most valuable company, with a market cap approaching $160 billion. And its battles don't seem to affect Google's broader reputation: In a recent survey by research firm Universum, 5,500 MBA graduates ranked Google the most attractive of all companies to work for this year...