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...eventually take off. There are plenty of examples in the recent past of housing policies starting at the federal housing agencies and later expanding industry-wide thanks to strong-arming from some combination of the Obama Administration and Congress. Loan modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...Have you thought about why do we do it? Why is there this huge splurge at the end of the year? Well, it's a bit of a puzzle. We don't do it with cash. Giving cash is very socially awkward. The exceptions are for parents to children, grandparents to grandchildren, aunts and uncles to nieces and nephews. It's O.K. for cash to flow from those of higher social status to those of lower social status, but [otherwise] it's just considered a tacky thing to do. Which makes the growth of gift certificates remarkable, because they...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

...very exciting and you’re surrounded by very creative, very interesting people. The hard part about it is that everybody works crazy hours, everything is really spread out—Los Angeles is not really a convenient city—so it’s a little bit more challenging to get together with friends. But it’s also beautiful all the time and you’re near the ocean so that helps...

Author: By Nicole Savdie, CONTRIBUTING WRITER | Title: 15 Questions with Lindsay E. Gary | 11/12/2009 | See Source »

Sometime on Nov. 3, the supercooled magnets in sector 81 of the Large Hadron Collider (LHC), outside Geneva, began to dangerously overheat. Scientists rushed to diagnose the problem, since the particle accelerator has to maintain a temperature colder than deep space in order to work. The culprit? "A bit of baguette," says Mike Lamont of the control center of CERN, the European Organization for Nuclear Research, which built and maintains the LHC. Apparently, a passing bird may have dropped the chunk of bread on an electrical substation above the accelerator, causing a power cut. The baguette was removed, power...

Author: /time Magazine | Title: Did a Time-Traveling Bird Sabotage the Collider? | 11/11/2009 | See Source »

...first, FlyBy felt a little bit like the Hardy Boys or the Boxcar Children or whichever group of kids it was that used to ask lots of annoying questions about insignificant things before solving an even more inconsequential mystery...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Home, Home on the Range(r Cookie)! | 11/11/2009 | See Source »

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