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...modified loans tacked on unpaid interest and fees, adding an average $10,800 to the balance due. A lender that caps the existing interest rate on an otherwise adjustable mortgage or reamortizes missed payments over the life of the loan might legitimately view its efforts as giving ground to a struggling borrower - but that doesn't mean those efforts provide the borrower with a fair chance of being able to make his new mortgage...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

Others at the meeting recommended a middle ground, suggesting that awareness and counterprotest events should be held, but indoors, away from the church group picketers...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERS | Title: Area School Prepares for Anti-Gay Protesters | 2/6/2009 | See Source »

...country's Khartoum-based government suspects the government of South Sudan of rearming ahead of a 2011 referendum in which southerners will decide whether to break away and form a separate nation. Some analysts have suggested that the tanks could be part of a new, more robust southern Sudanese ground force. Conflict between Sudan's north and south in the 1980s and '90s killed more than 2 million people. A peace deal in 2005 ended hostilities but opened the way for an independent South Sudan, a possibility Khartoum is determined to halt. (See pictures of the brazen pirates of Somalia...

Author: /time Magazine | Title: Pirates Free Ship, Doubts Remain on Destination | 2/6/2009 | See Source »

...build those reserves, they ran big trade surpluses, which were in turn enabled mainly by record trade deficits in the U.S., which were in turn enabled by massive borrowing from around the world. It was an extremely unbalanced financial ballet, and it has now come crashing to the ground...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...University’s proposals for expansion. Chief University Planner Kathy A. Spiegelman said that the troubled economic climate is forcing the University to analyze all capital projects, and that it is unlikely that the University will file an updated IMP as planned in early 2009.Harvard broke ground on the science complex—its only Allston expansion initiative approved thus far—in 2008, following a cooperation agreement with the City of Boston to provide $25 million in community benefits. But the University is now considering alternate locations to house its stem cell research department, previously touted...

Author: By Vidya B. Viswanathan and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Chance of Delay Worries Allston | 2/5/2009 | See Source »

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