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...Obama Administration rolled out its much awaited foreclosure-prevention plan on Wednesday, saying it could help as many as 7 million to 9 million homeowners meet their mortgage payments. In contrast to last week's detail-light financial-rescue blueprint, the multipronged policy to shore up the housing market, announced by the President on a trip to foreclosure-riddled Phoenix, was packed with specifics. Key components include modifying the terms of delinquent loans, refinancing underwater mortgages and plowing more money into the federal housing agencies in order to keep mortgage rates...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...Europe, so often dismissed as bereft of new business thinking? There are several reasons but foremost is competition. The U.S. newspaper landscape is a patchwork of one-newspaper towns. Profits are traditionally sky-high - margins run to 30% in some cases - and so is resistance to change. By contrast, Europe is a bloody battleground of national dailies, all clawing at one another. Competition breeds creativity, not to mention a willingness to live with slimmer profits. "The U.S. lost the beat on newspapers around the year 2000," says Vin Crosbie, a partner at media-consulting firm Digital Deliverance and the fifth...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

...value from a monetary perspective, “there’s an experience value to music, and music as a commodity is extremely valuable.” Brooke J. Jenkins, a student at the Business school who called herself a long-time fan of MC Hammer, noted a contrast between the content of his talk and his public persona in the early 90’s, the height of his fame. “He’s definitely a different person, probably in a better place.” Jenkins said...

Author: By Manning Ding, CONTRIBUTING WRITER | Title: MC Hammer Speaks To HBS On Marketing | 2/19/2009 | See Source »

...contrast, 70 percent of the surveyed members of the National Association of Resale and Thrift Shops (NARTS) reported sales increases between fall 2007 and fall 2008, with an average increase of 35%. The vast majority also saw increases in the numbers of new customers and consigners...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Shops Offer Clothes That Fit Consumers’ Wallets | 2/18/2009 | See Source »

...political hopes to his sons, both of whom attended Harvard. John F. Kennedy ’40 arrived in Cambridge under the shadow of both his father and his brother, Joseph P. Kennedy Jr. ’38, who was one of the most popular men on campus. In contrast, JFK was seen by his peers as a lesser version of Joe—classmates called him “attractive, witty, and unpurposeful.” He, like FDR, maintained “gentleman’s C’s” in his classes and wrote...

Author: By Mark J. Chiusano, CRIMSON STAFF WRITER | Title: When They Were Young | 2/18/2009 | See Source »

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