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...recent past of housing policies starting at the federal housing agencies and later expanding industry-wide thanks to strong-arming from some combination of the Obama Administration and Congress. Loan modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department told a Senate panel that the Administration was considering rent...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

After all, the big Administration push has been loan modifications. Earlier this week, Treasury reported that through October more than 650,000 homeowners have received trial modifications under the government's Making Home Affordable plan. How long lasting that help will be, though, is a different question: as of Sept. 1, only 1,711 borrowers had successfully completed the trial phase and received permanent changes to their loan terms, according to a report by the Congressional Oversight Panel...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...potentially serve as a diagnostic tool for identifying who might have a propensity for obesity. If, for instance, your gut environment contains a preponderance of Firmicutes, then your body may be predisposed to digest calories in a way that leads to greater fat storage. In fact, in Gordon's earlier work with identical twins of different weights, he found that the obese twin tended to have more Firmicutes colonies than the leaner...

Author: /time Magazine | Title: Another Cause of Obesity: The Bacteria in Your Gut? | 11/12/2009 | See Source »

This was hardly the end of it. Lellouche also faulted Cameron's decision earlier this year to withdraw the Tories from the ruling center-right European Peoples' Party group in the European Parliament in favor of right-wing partners who are accused of being anti-Semitic and homophobic. He also warned that if a new Conservative government in Britain fulfilled its anti-European campaign promises next year, it would weaken and isolate Britain, not reinforce it. "They have essentially castrated your U.K. influence in the European Parliament," Lellouche said in the interview. "Go away for two to three years...

Author: /time Magazine | Title: France's Anglophile Leader Turns on Britain | 11/11/2009 | See Source »

Maheen Khan's work, presented earlier this year at Milan Fashion Week, was a colorfully elegant tribute to the people of the once-Taliban-ravaged Swat Valley. "It was all about those people who sacrificed their livelihoods for our safety," says Khan. "The embroidery was all Swat-based." The hats were tastefully tweaked versions of those worn in Chitral, in the northwest's mountains...

Author: /time Magazine | Title: Fashion Week Comes to Pakistan Amid Mayhem | 11/11/2009 | See Source »

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