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...billion Neighborhood Stabilization Program (NSP) fund to buy and refurbish already foreclosed homes. The city of Miami Gardens received $6.8 million, enough to acquire about 40 homes, less than 1% of the more than 4,000 units the city has in foreclosure, which amounts to the worst housing crash in hard-hit Florida. Meanwhile, foreclosures nationwide, the root of the U.S. economic crisis, keep piling up: last month saw a frightening 25% rise in mortgage collapses compared with October 2007. (See TIME's video "Facing Foreclosure in Tampa...
...necessary to understand the full progression of a disease, especially in its early stages to find a cure. “We can use stem cells as sort of flight recorders for disease,” Eggan said. “The black box helped us understand how planes crash,” he said. “We can make stem cells that have the disease genes and use them to play the disease over and over.” Because of the ease with which stem cells can be reproduced, they can also be easily used to test...
...over a decade fronting it. Over beers in a London pub, the two sketched the show's current format: out went the string of turgid, outside-broadcast pieces to camera. In came a cavernous studio. Fresh faces were added. A mystery racing driver, permanently hidden beneath overalls and a crash helmet and known only as "the Stig," injected character into the show. And while Top Gear used to dwell on "What's a car like?" says Clarkson, these days it's "What can you do with a car?" Like: Is it possible to drive to the North Pole? Or drive...
...doesn't hurt that the presenters sometimes crash headlong into trouble. Behind the wheel of their Toyota pickup in the race with a dog-pulled sled to the North Pole last year, Clarkson and fellow presenter James May sipped gin and tonics, earning a rap on the knuckles from BBC trustees. Earlier this month, in a segment designed to find out how hard life is for truckers, Clarkson, at the wheel of a truck, said: "Change gear, change gear, check mirror, murder a prostitute, change gear, change gear, murder. That's a lot of effort in a day." More than...
...role the auto industry plays in the economy, Congress needs to both prevent the automakers from collapsing and hold them accountable for their past actions. It should use its position of power over the auto companies to make them adopt responsible long-term strategies. With the economy on a crash course, a bailout may be the best way to lessen the impact...