Word: systemically
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...perverse way, option ARMs won't be as jarring to real estate because the system is numb to the pain. When problems first arose in subprime, homeowners and financiers alike were caught off guard. But since those early days of the real estate crisis, all sorts of loans have gone sour in large numbers, including plain-vanilla 30-year fixed rates. "Option ARMs don't have the monopoly on poor performance," says Amherst senior managing director Laurie Goodman. "It permeates the market." When the resets come, we'll feel it - but it won't be anything we haven't felt...
...there are signs that the new system wasn’t for nothing. According to Harris, around 10 of the 30 non-punches advanced to the next round, compared with about 40 of the 115 official invites—meaning both groups fared comparably well. It remains to be seen how many of the 10 surviving non-punches will actually make it in, but it doesn’t seem too farfetched that a few will eventually be invited to join the club...
...usually has to use an expensive and bulky microscope [to observe] a limited region of the chip,” Crozier said. “[Our optical detection system] gives us effectively more than 60 microscopes on [one] chip...
...Cross story don't end at the Beltway. Steve Poizner, the California insurance commissioner who has been aggressively pursuing Anthem, is running for governor, though he is trailing far behind fellow GOP candidate (and former eBay CEO) Meg Whitman. Poizner says he supports reform of the U.S. health care system but generally opposes the Democratic House and Senate bills. Dave Jones, a Democratic state assemblyman, is running to replace Poizner in the commissioner's office on a platform of changing California law to require health insurers to get state approval before increasing rates. (See TIME's health and medicine covers...
...well and good, but for the millions of gourmands who clamor for one of the 8,000 reservations the restaurant assigns in an annual lottery, the more pressing question is, Will there be anything to eat? "We're changing the economic model, and we're changing the reservation system," says Adrià. "But we're still going to be feeding people." How exactly they'll do that is yet to be decided. The restaurant will be open for normal six-month seasons in 2010 and 2011, but after that, all bets are off. When it reopens in 2014, El Bulli...