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If you somehow thought that the debt limit debate in Washington
stanley mug was one of those far-off arguments that has no impact on you, you might be surprised, especially if your home isn t paid for.If there is no agreement on the debt limit, interest rates on U.S. financial securities will go up. That means so will rates on adjustable mortgages, as CBS News correspond
stanley water bottle ent Dean Reynolds reports.Juan Cruz says Congress is messing with his American dream.He s made an offer on a $130,000 home for his young family and hopes to get a 30-year fixed-rate mortgage at 4.5 percent. I m trying to stay within my means, said Cruz. But if it goes up -- I mean, if the percentage rate goes up -- then it affects my outcome on that. Rate increases are nearly certain if Congress cannot reach a deal and the U.S. defaults. Juan s bank told him interest rates could rise 2 percentage points, which would jack up his mortgage payments $163 a month.Special report: America s debt battle Do you think Congress gets that Renyolds asked Cruz
stanley uk . I hope they get it, he said. In Evanston, Ill., landlord John Nash is in an even more precarious position. With an adjustable-rate mortgage on a building he rents out, he s bracing for a several hundred-dollar monthly increase in payments if the stalemate in Washington persists. My concern is that rates will go up tremendously, he said, which would put an added expense on me as a small real estate investor. You can extend that concern about higher pay Swkz Fed: Employment Recovery Will Be Slow
America industrial revolution was woven on looms and spun on spools, but it been decades since the textile ind
stanley flask ustry began declining. Chis Payne, an architect-turned-photographer, began shooting US textile factories in 2010. He kept it up, too, amassing a visual diary of a changing industry. Most of us think of mills as austere, black-and-white places, but Payne shows us the contemporary reality, dusted with neon tufts and draped with bolts of patterned jacquard. Because the project has gone on for years, he developed relationships with mill owners and returning to follow up on his subjects. Despite the massive shift away from textiles, there are plenty of Americans still employed by the industry鈥攁nd Payne shoots them at work: In a recent New York Times Magazine piece, a reporter went along with him to visit the mills鈥攁nd found that many old factories are still in operation, often using ancient parts bought from other operations that have long since closed. Here how Payne describes the project to Urban Omn
stanley water bottle ibus: It just my attempt to look at what still going on, what textiles are still being made in this country, anything from yarn to certain fabrics, carpets, apparel. It ;
stanley quencher s a huge industry and it involves almost everything that comes into contact with our skin. I started with some older mills in the New England area, but there are a lot of modern applications that I haven ;t even scratched the surface of yet
