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To: CalculatedRisk who wrote (61069)	12/26/2006 1:38:50 PM
From: mishedlo	Respond to of 116555

We'll all be cyborgs someday, scientist says British professor foresees day when most people will be implanted with computer chips. statesman.com

To: CalculatedRisk who wrote (61069)	12/26/2006 1:52:26 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Fed provides revised CHARM booklet. The Federal Reserve Board and the Office of Thrift Supervision today announced the availability of a revised Consumer Handbook on Adjustable-Rate Mortgages (the CHARM booklet), which provides information to consumers about the features and risks of such loans. In recognition of the growing use of nontraditional mortgage products that allow borrowers to defer payment of principal and sometimes interest, the agencies have substantially revised the CHARM booklet to include discussions about "interest-only" and "payment option" mortgages. The revised booklet describes how these loans typically work, showing how much (and how often) monthly payments could increase, and how the loan balance could increase if minimum monthly payments are made. The booklet includes a mortgage shopping worksheet to help consumers compare the features of different products, and a glossary to help them understand some of the terminology. Under the Board's Regulation Z (which implements the Truth in Lending Act), creditors must provide a copy of the CHARM booklet, or a suitable substitute, to consumers with every application for an adjustable rate mortgage loan. The Board is publishing a notice in the Federal Register informing creditors that they may begin immediately using the revised CHARM booklet, but also have the option to continue using their existing stock of CHARM booklets until October 1, 2007, the date when they must use the revised CHARM booklet (or suitable substitute) to comply with Regulation Z. federalreserve.gov See the Book Here: federalreserve.gov

To: CalculatedRisk who wrote (61069)	12/26/2006 2:24:20 PM
From: mishedlo	Respond to of 116555

The 8-pound burger challenge A sleepy Williamson County town is home to the Big Kahuna. statesman.com