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...being discussed to do that is for the government to share in the losses if a servicer modifies a mortgage and the homeowner again defaults. Another approach is to directly help pay for the cost of the modification. The servicer might cut monthly payments to 38% of a borrower's income with the government chipping in to reduce the payment down to 31%, a presumably more sustainable level. Either tactic could be combined with a direct payment - $1,000 is a figure often mentioned - to incentivize servicers to do the heavy lifting of figuring out how much a homeowner...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...Euclidean geometry or knot theory. And it would seem that if anyone is primed for success in this difficult endeavor, it’s Livio, who is both an astrophysicist and the head of the Office of Public Outreach at the Hubble Space Telescope Institute. But while his approach is appealing to any curious reader, his inability to draw concrete conclusions is frustrating for even the most forgiving...

Author: By Eric M. Sefton, CRIMSON STAFF WRITER | Title: Math and God Do Battle | 2/5/2009 | See Source »

...film] program socializes film and...integrates it into the rest of my learning,” said Isidore M. T. Bethel ’11, a VES concentrator who recently completed his first feature film, “Terminus.” Students said that VES’s approach to film allows them to acquire both the competence and the resolve necessary for cinema and that the department encourages students to take responsibility for their work. “From beginning to end, what you make is yours,” said Rachel M. Douglas...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Welcome to the Reel World | 2/5/2009 | See Source »

Obama rejected that approach forcefully in a campaign speech last July in Zanesville, Ohio, during which he laid out his plans for a revamped faith-based effort. "We need all hands on deck," Obama said, declaring that the problem during the Bush years wasn't that the right or wrong organizations were applying for grants but that federal funds for social services had dwindled considerably. With today's announcement and the establishment of the council, Obama has also made clear that he intends to involve the religious community in issues beyond federal funding, including more traditional concerns like religious liberty...

Author: /time Magazine | Title: Obama Tries to Renew Faith in a Faith-Based Office | 2/5/2009 | See Source »

...Hussein, has always billed himself as stridently secular. But when Iraqis were given the right to choose their leaders at the polls, Allawi lost out to the parties based on Shi'ite and Sunni identity. Since then, he and his party have been working to promote a more secular approach to Iraqi governance, and the preliminary returns released on Thursday for Iraq's provincial elections show they are making gains - at least relative to their marginalization in the two previous national elections. (See pictures of the return to normalcy on Iraq's streets...

Author: /time Magazine | Title: Iraq Vote: Al-Maliki Wins Big, But Secularists Encouraged | 2/5/2009 | See Source »

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