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...biggest problem will likely be a flood of inventory hitting the market from rising foreclosures, says Bob Curran, a managing director at Fitch Ratings. With a mountain of specialized adjustable-rate mortgages, known as option ARMs and certain Alt-A mortgages, slated to reset over the next 12 to 18 months and unemployment projected to hit 10.5% this year, the number of homeowners defaulting on their mortgages is expected to surge. At least $64 billion in option ARMs will reset in 2010 and another $68 billion in 2011, according to First American CoreLogic, a real estate and mortgage-data company...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

...Twelve percent may not sound like a lot," says Brian Wansink, professor of marketing at Cornell and director of its food and brand lab. "But this goes on every four to eight hours for up to four days. So it really adds up to the point of ineffectiveness or even danger." Increasing numbers of over-the-counter medications come with dosing cups, but many people lose them, don't like them or don't know how to use them and simply feel more comfortable with a spoon...

Author: /time Magazine | Title: A Spoonful of Medicine: Too Often the Wrong Dose | 1/7/2010 | See Source »

...extremely erudite—he knew a lot about the world," said Michael S. Flier, director of the HURI and a Ukrainian philology professor. "[When speaking to him,] you knew you were around an expert. You had to make sure you were accurate...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Eminent Byzantinist Dies, Leaves Legacy of Open-Minded Scholarship | 1/7/2010 | See Source »

...What did Caesar ever know about Rome?" Ševčenko would say, suggesting that Caesar did not know much about his own people, according to his daughter, Elisabeth A. Ševčenko, director of the International Coalition of Sites of Conscience...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Eminent Byzantinist Dies, Leaves Legacy of Open-Minded Scholarship | 1/7/2010 | See Source »

...Institute will consolidate and endow work already done under the Asia Program of the Kennedy School’s Ash Center for Democratic Governance and Innovation. Both new programs will continue to operate under the leadership of the Ash Center, according to Julian P. Chang, the newly appointed executive director of the Rajawali Foundation Institute...

Author: By Stephanie B. Garlock, CRIMSON STAFF WRITER | Title: Kennedy School Receives $20.5 Million Gift to Support Asian Studies | 1/7/2010 | See Source »

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