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...Although relatively few troubled loans will come due before the end of this year, the implications for banks are already being felt. The delinquency rate for commercial real estate loans hit 1.8% in March, triple that of a year ago, according to Scott Talbott, a lobbyist for the Financial Roundtable, which represents the largest lenders. "Losses from commercial real estate are the next economic shoe to drop," he said. "This issue has moved to the forefront...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

...calendar for two weeks so I could travel to China,” he said. “I wanted to try some authentic Chinese food.” While in China, Kim met a North Korean refugee for the first time in a shelter. “I felt really disengaged from it all when I came back from China,” said Kim. “I wanted to do something to help the North Koreans.” For much of the talk, Kim read passages from his book on topics ranging from the young North...

Author: By Huma N. Shah, CONTRIBUTING WRITER | Title: Korean Rights Activist Speaks | 4/21/2009 | See Source »

...definitely be huge in a match.”As Ko will play her last home match of her illustrious career today, she cannot help but reiterate the special relationship of the team. “This year has definitely been the closest I’ve felt to my teammates…they are my closest friends at Harvard,” Ko said. “I feel like we’ve all bonded in that way. They are a great bunch. Everyone has their own personality, and it is interesting to have all of the different...

Author: By Colin Whelehan, CONTRIBUTING WRITER | Title: Rejuvenated Crimson Plays for Ivy Title | 4/21/2009 | See Source »

...corporation-paid” model, Moody’s ratings had become decisive factors for investors. In fact, by 1970, ratings from Moody’s, S&P, and Fitch had become such an important part of bringing securities to market that Moody’s felt it necessary to capitalize on the “market access” their ratings provided by charging issuers. The SEC’s decision to classify Moody’s, S&P, and Fitch as “nationally recognized statistical rating organizations” in 1975 didn’t help...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

...question now is whether Rozsa, a Hungarian-Bolivian, felt that way about Bolivian President Evo Morales. Rozsa was killed early last Thursday morning in a hotel room in the eastern Bolivian city of Santa Cruz. The government claims that he, along with four others, was part of a terrorist cell that was plotting to assassinate Bolivia's first indigenous President as well as other high government officials. "He went to Santa Cruz because he wanted to fight for autonomy of that region, which he said was his new and most important task," says Rozsa's close friend, Zoltan Brady...

Author: /time Magazine | Title: Bolivia: The Bizarre Life and Death of a Failed Assassin | 4/21/2009 | See Source »

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