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...What accounts for the disappointing pace? According to Treasury and HUD, servicers aren't spending enough money or energy to make the program work. Treasury and HUD want the companies to add more staff, expand their call centers, train their representatives better, put more information online and create a system for dissatisfied borrowers to appeal their cases. To shame the firms into better participation, the government said that in August it will start revealing the number of modifications at each company and the long-term success of those rewrites...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

...times and was visibly shaken. "People called me racist and said I caused all the turmoil that followed, and some even said threatening things that made me fear for my safety. I knew the truth but I didn't speak up right away because I did not want to add to the controversy...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Shaken 911 Caller Speaks About Gates Arrest | 7/30/2009 | See Source »

...chic, hipsterdom has become a part of mainstream culture, overshadowing its originators' still-strong alternative art and music scene. Those people, of course, no longer identify as hipsters, but they're not the problem. The hipsters who will be the dead end of Western Civilization are the ones who add nothing new or original and simply recycle and reduce old trends into a meaningless meme. It's for that reason that when Williamsburg's hipster playland is in crisis, there aren't many who are concerned...

Author: /time Magazine | Title: Hipsters | 7/29/2009 | See Source »

...omnibus that had earmarks in it which got publicized. Then you had our budget that we had to introduce, that even though it actually reduced long-term budget projections, we had still inherited a $9 trillion deficit - so that number gets put out there. Then you add the supplemental, which even though the majority of the American people certainly still support making sure that our troops are safe and well-equipped, that was a big chunk of money...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

...add that all together and I think the American people's feeling for six months was, gosh, that's just a lot of stuff; that's a big load to take on - which then gives traction to this notion that we are interested in expanding government; which then feeds into suspicions that somehow health care is another big government project that we can't afford. And it's very hard, particularly when the figures get thrown out there - "This is going to cost $1 trillion" - even though it's $1 trillion over 10 years, even though we've identified...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

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