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Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

Though Yardfest in general is a great event, the choice to have Kid Cudi perform is especially commendable. In the past, the Yardfest artist selections have evoked controversy, but this year, the College Events Board and the Harvard Concert Commission made a concerted effort to pick a mainstream artist who would appeal to a larger portion of the student body. As the second-most popular poll response, Kid Cudi certainly accomplishes that goal. And students who prefer a different niche of music will hopefully be satisfied with the choice of Patrick Park as the opening...

Author: By The Crimson Staff | Title: Stepping out into the Yard | 3/25/2010 | See Source »

...know. His wife Susie (daughter of Orson Bean, a mainstay of the old TV game show To Tell the Truth) is preparing supper for him and their four children. But the real reason for the rush is that O'Keefe is visiting their house tonight to screen his latest effort, an undercover video revealing purported shenanigans at the offices of the Department of Housing and Urban Development. Breitbart hopes to debut the footage on Big Government. He believes it will be another scoop - and another blow to the liberal establishment...

Author: /time Magazine | Title: Citizen Breitbart: The Web's New Right-Wing Impresario | 3/25/2010 | See Source »

...refrain from further construction in East Jerusalem. Indeed, he used his time in Washington to repeatedly restate his government's policy on Israeli settlement in East Jerusalem that had triggered a crisis during U.S. Vice President Joe Biden's recent visit to Israel. And the White House made no effort to conceal the discord, condemning new Israeli construction plans revealed during Netanyahu's visit and dispensing with the traditional photo opportunity and joint statement during Netanyahu's White House visit Tuesday evening. While U.S. officials sought to press Netanyahu to make a series of gestures to build Palestinian confidence...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

...leader remained in Washington Wednesday as aides from both sides worked on the issue. The Administration clearly fears that the hard-line position staked out by Netanyahu on Jerusalem jeopardizes any prospect of getting the Palestinians or the wider Arab world to engage with him, rendering any renewed peace effort stillborn. As Olmert pointed out, no peace agreement would be accepted by any Palestinian or Arab leaders that didn't give the Palestinians control of part of Jerusalem...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

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