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...summer, the Administration's plan to help worthy mortgage holders reduce their monthly payments should show early signs of slowing the year-long acceleration of foreclosure rates. If unemployment and desperation among people with homes worth less than their mortgages leads a greater and greater number of mortgage holders to send their keys back to their lenders, the first, and most important step the government has taken to reverse the collapse of housing will become a disheartening symbol that the Administration and Congress have not solved a big part of the cause of the recession...

Author: /time Magazine | Title: The Economy Moves to the Waiting Room | 5/11/2009 | See Source »

...addition, several automakers, among them Ford Motor Co., Volkswagen, Nissan, Honda and Mitsubishi, have applied for assistance under the Federal Reserve Board's Term Asset-Backed Securities Loan Facility or TALF. The TALF, which was set up last fall, was designed to subsidize the sale of asset-backed securities, a critical source of funding for car loans, student loans and credit card receivables...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

...still true, even now, with Together Through Life. It will not go down among his best albums, but the music is good, and the mood is poignant to the point of intoxication, the wheezy nostalgia anchored by David Hidalgo's magnificent accordion work. Dylan can still get frisky, as he does with the last track on the album, "It's All Good," in which the banality of that expression is demolished in escalating scenes of horror...

Author: /time Magazine | Title: Bob Dylan: Time For One More Change? | 5/11/2009 | See Source »

...While all of these individuals are well-qualified legal minds, their race, gender, and sexual orientation should not be considered among their qualifications...

Author: By The Crimson Staff | Title: A Mockery of Meritocracy | 5/10/2009 | See Source »

...final heat.Needless to say, last year provided a shock for the Crimson’s first varsity eights when each boat missed its respective Grand Final at Easterns and had to settle for wrapping up their days in the petite final.This season, the Harvard crews reclaimed their places among the EARC’s best yesterday at Lake Quinsigamond in Worcester, Mass., winning their first heats by decisive margins to advance to the Grand Finals.“Last year was a disappointing season for the whole team,” lightweight captain Jeff Overington said. “This...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Top Boats Settle for Second in Worcester | 5/10/2009 | See Source »

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