In the News:
Mortgage Resets: A Rude Awakening
About $50 billion in adjustable rate mortgages reset this month, driving interest rates up for many borderline borrowers. And despite efforts to raise awareness, it doesn't look like anyone is really prepared for what's to come. Ignorance may be bliss, but it could mean a lot of pain for all the players in the subprime crisis when a record number of adjustable rate mortgages reset.
Global Millionaire Boom
The U.S. still leads the world in number of millionaire households, but maybe not for long-household wealth is growing fastest in China. Japan, Britain, Germany and China round out the top 5.
How They Got Their Big Break
What's more important--sweat or luck? Lessons from those who made it. Search all you want, there is no magic formula for fame and fortune. The truth is, big breaks don't just happen; people make them happen--through hard work, networking, courage, passion and even pain. David Letterman, Stephen Spielberg, Oprah Winfrey, Mariah Carey, Madonna and more talk about how they got their big break.
Killer Startups
Jay Mullis is a fount of odd facts about cockroaches. For instance: Roaches can swim. On land they scuttle at speeds up to three miles an hour (yes, someone actually clocked it) but rarely venture more than ten feet from their nest. They eat like truck drivers and tend to prefer sweets, though some also like a dash of sour. Mullis is so good at understanding the roach that he's building a business around tempting their taste buds to get rid of them. His business plan for Green Dragon Roach Kill is this year's winner of FORTUNE Small Businesses annual competition for the best new business plan.
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
