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...that, the government is going to make financial aid readily available to individuals of good character with strong references so that they can make their mortgage payments. To paint the picture even rosier, the Fed will buy up paper in the open market and that paper will bear a close enough relationship to bank rates for real estate lending that it will push mortgage costs down. (See "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: Housing Takes Center Stage As Economy Looks for Signs | 4/8/2009 | See Source »

...still too early to state how many staffers are participating in its early retirement incentive program, leaving the figure—which will be crucial in making determinations about possible layoffs—a mystery as the 45-day window for deciding on the package came to a close...

Author: By Bonnie J. Kavoussi and Noah S. Rayman, CRIMSON STAFF WRITERSS | Title: FAS Staff Sign Buyout Packages | 4/7/2009 | See Source »

With many jokes between his policy suggestions, Frank outlined four primary goals for combating the recession: a ban on full securitization of loans, a reduction of incentives for risk in corporate governance, the creation of “wind-down institutions” for helping failed companies effectively close down and the establishment of federal agencies for evaluating “systemic risk...

Author: By Crystal Huang, CONTRIBUTING WRITER | Title: Mass. Rep. Calls for Financial Regulation | 4/7/2009 | See Source »

...fishing village where Thomas had once stayed a night after being stranded at sea. He made friends with the villagers and now returns often to introduce his tour groups. In general, as tourists, we try not to gawk at the poverty around us, but this was impossible at such close range. About 15 people lined up on the "dock" (really, a front porch) and helped us clamber from our boat over theirs and into their one-room home. There wasn't much dialogue between the groups, given that none of the tourists spoke Khmer and our hosts didn't know...

Author: /time Magazine | Title: Beyond Angkor Wat: Cambodia's Hidden Coast | 4/7/2009 | See Source »

...news of atrocities such as those committed by the Colina Group had begun to surface, and his victory was marred by allegations of electoral fraud. Four months into his third term, Fujimori fled into exile in Japan, after a $1 billion corruption and embezzlement scandal involving Montesinos and other close advisers had unraveled his government. He returned to South America in 2005, hoping, incredibly, to take part in Peru's 2006 presidential race, but he was arrested in Chile and handed over for trial in Peru two years later. A Peruvian court in 2007 convicted Fujimori on corruption charges, while...

Author: /time Magazine | Title: Fujimori's Last Stand: Peru's Ex-President Found Guilty | 4/7/2009 | See Source »

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