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...consumer groups were vocal about what was going on out there and some of our own staff had some concerns, so we bought a loan-performance database of mortgage-backed securities. We saw some pretty astonishing things. The starter rates were very high, between 7% and 9%, and within a couple of years they could jump by 600 basis points. No one could handle that level of payment shock. In fact nobody was - they were just refinancing...
Armed with a new biochemical understanding of how myxopyronin functions, along with detailed models of its behavior inside bacterial cells, researchers say drug development is feasible at last. Ebright says the drug could be in clinical human trials within five years. "What has not been possible previously was design of new derivatives ," says Ebright. "It's now possible to make new derivatives that are expressly designed to...have higher potency...
...original hipster fans are loathe to hear its now-ubiquitous name.With the U.S. economy tanking and a worldwide recession pending, it’s debatable as to whether or not Am Ap can maintain its position and push on with business as usual. The reason for this lies within one of the company’s original concepts: to shift away from industry standard, overseas sweatshop labor. In the late 90s and early oughts—a.k.a. when things were absurdly good on Wall Street—the idea of using expensive labor to make traditionally cheap goods was possible...
...minutes of last night's final debate, a sharper, more spirited John McCain took on Barack Obama. He had a clear message of low taxes and smaller government. He targeted an equally clear-cut audience: Joe the Plumber. (A real guy, who must be dodging every local news crew within 100 miles today.) McCain - henpecked by an incumbent he never liked, a dire economy he can't control and a newcomer with less baggage than the Tooth Fairy - suddenly seemed free from worry. He remembered his years as a leading man in those dramatic episodes of yesteryear - campaign-finance reform...
...next graph charts the presidential race. For the past two weeks, it has been nearly flat. Gallup's daily tracking poll, for instance, has been remarkably stable. Every day for two weeks, Obama has been within 1 1/2 points of his average, while McCain has been within a single point...