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...monthly payments, an amount that plenty of families would find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will reset higher each month, according to data from mortgage tracker Loan Performance. That comes close to the figures we saw during subprime...
...outlook is surprisingly bright for tonight’s contest. The Crimson is riding a wave of good karma after its first road sweep in 10 years, due mostly to the freshmen getting over their winter swoon: Casey won Ivy Player of the Week, Brandyn Curry carried Harvard on his back late in the Yale game, and both Christian Webster and Dee Giger found their stroke...
...years, believe it or not, this is his first election," Obama told a buoyant crowd. "He's a heck of a public servant, but he's new to politics, so he hasn't learned the best way to keep your poll numbers up is just to smile and wave and pretend like you're doing something and not really doing anything that might offend anybody; he hasn't perfected the seven-second sound bite. He's never even made a TV ad." (See "How to Tame the Budget Deficit...
Liberal tendencies notwithstanding, I can’t help but admire the defiance of this opposition and its belief that it’s the principle of standing on one’s own two feet that matters most. In the 1962 British New Wave (and Angry Young Men) classic “The Loneliness of the Long Distance Runner,” based on the book by Alan Sillitoe, Colin Smith is a boy at reformatory whom the director’s primped to win a cross-country race against a nearby prep school. Coming down the last stretch...
About a year ago - with the wounds of the Bush Administration fresh, a new President surging into office on a wave of enthusiasm, and Democrats in control of the Oval Office and both houses of Congress for the first time since the mid-'90s - the elder statesmen of the conservative movement had reason to feel uneasy. "I don't want to say that was a crisis, but it certainly was the impetus for a great deal of reflection," says conservative strategist Ralph Reed. "I think we did in fact go into exile." The fruits of that reflection were on display...