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...there are scenarios in which even more recent loans could be bigger trouble than anticipated. For its annual actuarial review, which the agency delivered to Congress on Nov. 12, the FHA asked its outside auditor to run a series of doom-and-gloom scenarios - including one that assumes house prices continue to slide and unemployment hits 12.5%. Only in the most dire, and unlikely, of such simulations does the FHA run out of money to cover its losses, which is why FHA commissioner David Stevens has repeatedly said the agency will not need to ask Congress for money...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

Indeed, while annual international travel has increased, from 124 million global travelers in 2000 to 173 million last year, annual overseas visits by foreigners to the United States have ticked down, from 26 million in 2000 to 25.3 million in 2008. The absolute drop-off seems small, until you consider that it has cost the country an estimated $27 billion in lost tax revenue over the past decade. With unemployment levels now topping 10% in the U.S., the economic benefits of foreign travel have never been more urgent, yet visitors have never been scarcer. "We're welcoming fewer and fewer...

Author: /time Magazine | Title: Can a New U.S. Tourism Board Woo Visitors? | 11/14/2009 | See Source »

Winner of the 1992 Booker Prize for The English Patient, poet and novelist Michael Ondaatje, delivered the fall Morris Gray Lecture yesterday to students and the general public, a break from tradition for the semi-annual lecture series’ tendency to host poets exclusively, English Department members said...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Poet, Novelist Delivers Speech | 11/13/2009 | See Source »

...this unconventional selection of the author, the English Department is trying to expand the focus of the semi-annual lecture series beyond poetry, English Professor of Poetry Jorie Graham said...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Poet, Novelist Delivers Speech | 11/13/2009 | See Source »

...Central to our work is the vindication of the victims of crime. It is what motivates us to do everything we can in the pursuit of justice." - Addressing the Anti-Defamation League's 2009 annual meeting (ADL.org...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

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