Word: spikeness
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Dates: during 2000-2009
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What's changed? The economy. Subprime loans were written to the weakest borrowers, so they stumbled first, especially since many were set-up with an interest-rate spike after two or three years. In January, nearly 40% of all subprime loans were either behind on payments or in foreclosure. Now, though, with companies cutting back work hours and unemployment hitting 7.6%, borrowers of all stripes are running into trouble. "Originally, the loan product was driving a lot of the delinquencies," says Steve Berg, managing director of loan-tracker LPS Applied Analytics. "Now you have widespread house-price deterioration and people...
...This spike in consignment popularity comes in the midst of a brutal shakedown of the retail industry. The Associated Press reported last week that the retail industry cut 45,100 jobs in January following 14 consecutive months of job losses...
...significant increase over previous years, according to Mather business tutor Joseph S. Ronayne ’92.Other Houses have seen similar jumps, according to tutors and administrators, though they stressed the variable nature of application numbers and said they did not have concrete data from past application pools.The spike in this year’s candidates—particularly graduate students—may reflect the position’s heightened appeal in light of limited job opportunities in the current economic climate.“In difficult economic times, when people are more concerned with maintaining financial stability, becoming...
...World of Suzie Wong was written today, it would likely be a horrifying whodunit that ends with police finding a semi-naked woman murdered by a suspected serial killer. Hong Kong, a metropolis relatively free of violent crime, has been shocked by a spike in murders of prostitutes including three sex workers who were killed in their apartments in January. The rising death toll is forcing the city's conservative leaders to consider how members of the world's oldest profession might be better protected under Hong Kong law. (Read about Amsterdam's drive to clean up its red light...
Warning signs are already erupting in parts of the U.S. hard hit by the housing crisis. In Los Angeles, calls into the suicide prevention call center run by the Didi Hirsch Community Mental Health Center spiked 65% in the second half of 2008 over the previous year. There has also been a surge of training requests from fire and police departments from throughout Los Angeles County - even from a mortgage counseling company - to help deal with an upsurge in suicide risk. "The reality is we are already overwhelmed," says Dr. Kita S. Curry, the center's executive director. With...