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...Lockhart pointed out, mortgages owned or guaranteed by Fannie and Freddie represent less than 20% of serious delinquencies. Private label securities - those packages of mortgages that were sliced and sold to investors - represent some 60% of serious delinquencies. Lockhart made an appeal for servicers of such securities to "adopt this program as the industry standard," but the extent to which that will happen is questionable, considering that servicers have an obligation to investors not to take unnecessary losses...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...achieving a modus vivendi for Israel. Although the prospect of full American withdrawal from Iraq sounds frightening, Obama’s insistence on furthering efforts in Afghanistan are promising, especially if they involve further multilateral involvement and tangible nation-building. At the same time, the incoming Democratic administration should adopt a Republican stance on Iran, making it clear to both Tehran and Tel Aviv that a nuclear Iran should not, and will never, happen. This week’s anger in Iranian military circles due to Obama’s strong stance on the issue is most definitely a good...

Author: By Pierpaolo Barbieri | Title: What to Expect... | 11/12/2008 | See Source »

Moderates like Crist have long urged Republicans to adopt a more upbeat offensive in the 21st century, especially during the worst economic crisis since the Great Depression. He and many of his statehouse peers contend that McCain flamed out in Florida and the nation in large part because his campaign followed a negative attack plan. "Right now, people want commonsense answers to problems that are not always ideologically based," Crist told TIME last week. "When it comes to pocketbook issues, I think they want the Florida way, a more bipartisan approach that aims for the sweet spot between hard right...

Author: /time Magazine | Title: Can Republican Governors Rebuild Their Party? | 11/12/2008 | See Source »

...with time travel—err, travel time. Nevertheless, for those who are routinely late, we have come up with several solutions, each better than any that we’ve heard proposed thus far. Instead of increasing travel time across the board or lengthening classes, we could instead adopt a cellular service style pay-per-minute lateness plan. Is Expos in your five? Or maybe we could borrow CNN’s hologram technology, such that we could be beamed into lecture each morning. If that fails we could switch to “Stanford time...

Author: By The Crimson Staff | Title: Times, They Are a-Changin’ | 11/11/2008 | See Source »

...concern is that conservatives will use those same tactics - statewide referendums aimed at overruling court decisions or rebuffing reluctant legislators - to restrict other rights. In Arkansas, for example, voters easily passed an initiative that did what state legislators had refused to do: ban adoptions and even foster-parent roles for unmarried couples, including gays. Now the state joins Utah, Florida and Mississippi as a place where gay couples cannot adopt. Trantalis and others are worried that even as the gay rights movement continues to win court victories, those very victories may prompt stronger and stronger backlashes, jeopardizing hard-won rights...

Author: /time Magazine | Title: Activists Rethink Their Gay-Marriage Tactics | 11/11/2008 | See Source »

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