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...Although it is counterintuitive, the best approach to reversing the falling prices of homes may be to push the housing market to a deep trough as quickly as possible. This would mean that the government would not provide any assistance for current homeowners and give no financial aid to people who might buy a residence using tax credits. The idea of a benefit of up to $15,000 for those purchasing a home has already been floated in the debates over the stimulus package. Bringing housing back to a period of "affordable" prices means the government needs to stay...

Author: /time Magazine | Title: Saving the Housing Market By Speeding Up Foreclosures | 2/18/2009 | See Source »

...panel’s other conservative, Rep. Jeb Hensarling, a Republican from Texas, objected to the paper’s conclusions. In a dissent to the report, they argued that guaranteeing insurance creates moral hazard and reduces innovation. “Instead of creating new regulatory hurdles, a superior approach to better protect consumers and preserve wealth-creating opportunities is to enhance and reinforce [existing] wise regulation,” they wrote. Regardless of partisan opinions, some scholars said they believe that portions of Moss’ findings are infallible. Business School economist Rafael M. Di Tella said that...

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Draws on Prof’s Paper | 2/17/2009 | See Source »

...with time running out, the Obama Administration has decided to take the old-fashioned approach. Instead of creating a post with a big title and vague powers to deal with the problem, the elected President and his ample bureaucracy will decide what's next for the cash-strapped industry. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: Saying No to a Car Czar: A Smart First Step on Detroit | 2/17/2009 | See Source »

...This approach was particularly effective when the offense stalled after the Lions switched to a zone defense late in the second half...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: NOTEBOOK: Harvard’s First-Half Play Improves in Loss | 2/16/2009 | See Source »

...defenders of the Greek city of Ambracia built a complex flamethrower that coughed out smoking chicken feathers. At Themiscrya, another stubborn Greek outpost, Romans tunneling beneath the city contended with not only a charge of wild beasts but also a barrage of hives swarming with bees - a rather direct approach to biological warfare...

Author: /time Magazine | Title: Why Chemical Warfare Is Ancient History | 2/13/2009 | See Source »

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