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...whole movie industry needed to radically rethink the way it was operating. What needs to be done? The movie business has for a long time been a troubled business. Content has never been king. The reality is that, wonderful as it is, the value of it doesn't go to the shareholders. Movie moguls need to be smart about how to manage talent. The reason [longtime Universal Studios owner] Lew Wasserman was able to make more money than anyone was that he set the culture of the industry. In his day there was an unspoken understanding...
...that every loan in their portfolio either qualifies or doesn't qualify for HAMP [Home Affordable Modification Program, the Federal Government's attempt to incentivize more modifications]. Even if you've already screened a loan to see if it might qualify for your own modification programs, now you're going to go back and rescreen it. That takes an awful lot of time to work through...
...keep getting about home sales and prices? It seems if the housing market recovers, that should help the foreclosure situation. It should help. Ironically enough, I think foreclosure sales are contributing to home prices stabilizing. In one way, we have certain markets that may have overcorrected. If you go to a Stockton, Calif., or a Las Vegas or somewhere like that, when there is a bank property on the market, the realtors are getting dozens of offers above asking price. We're seeing bidding wars at the lower end of the market. I think what we're seeing in terms...
...other trend is, if you follow unemployment patterns, you're seeing pretty significant increases in foreclosure in places that have been hit hard by unemployment. So Fayetteville, Ark., and Boise, Idaho, and Portland, Ore. - places that have not traditionally been foreclosure hot spots have all seen foreclosure activity go up pretty significantly...
With Forbes Magazine cutting a fourth of its staff, the New York Times laying off 100 workers, and Time Magazine letting go of 500, the future of news seems anything but certain—an assessment not entirely dispelled by a panel on journalism held last night at the Harvard Kennedy School...