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...that sense, the notion of bringing down the monthly payments for homeowners who cannot meet the obligations of their mortgage payments makes them simply placeholders in the housing market. The government is encouraging people to put their modest wages into money pits, by helping them to remain in their homes through new mortgage modification programs. They are being herded into an economic trap that will require them to spend money on something which may never have any value to them just so that they can keep their current roofs over their heads...

Author: /time Magazine | Title: Americans Become A Nation of Renters | 2/17/2009 | See Source »

...Macroeconomists cannot ignore the bad externalities of unemployment—like rising poverty and violence,” he said. “This is not just a stimulus package but an insurance package...

Author: By Linda M. Lian, CONTRIBUTING WRITER | Title: Economics Profs. Split on Stimulus | 2/17/2009 | See Source »

...university tightens its budget, Harvard employees are no exception. Although fear of unemployment is in many ways inevitable in this depression, no one should feel that their identity—sexual, political, religious, or otherwise—must remain closeted in order to protect their job. We cannot allow this archaic atmosphere of discrimination to exist in the Harvard community, especially not during this critical period of economic turmoil...

Author: By Megan A. Shutzer | Title: Not at My Harvard | 2/16/2009 | See Source »

...some cases, enroll in anger-management programs. In addition, there should be a way to keep managers accountable to their workers. We should make workers’ opinions public to students so that we can know when people in our dining halls feel disrespected as women, feel that they cannot wear the veil, feel that they cannot speak unless spoken...

Author: By Megan A. Shutzer | Title: Not at My Harvard | 2/16/2009 | See Source »

...cannot overstate the degree to which media exaggeration has become part of the modern presidency - the saturation coverage and saturation punditry. The irony is, no one in March 1933 knew FDR was going to be FDR. And Lincoln - hell, his election prompted seven southern states to secede. So they both had the advantage, if you want to call it that, of being underestimated. (Read the commentary on the ghost...

Author: /time Magazine | Title: A Historian's Take on Obama | 2/16/2009 | See Source »

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