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...filled the void left by the private sector, it has assumed the risks of those loans. And now that a growing number of people have stopped paying their mortgages, the FHA has had to pay out more in claims that it forecast. The agency has just $3.6 billion on hand to cover any unexpected losses in its $685 billion portfolio. That paltry level of reserve funding, less than is mandated by the government, has left some members of Congress in a twitchy mood and some onlookers to wonder if the FHA will eventually need a massive infusion of cash...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

Also, while Harvard’s officers didn’t hand out any arrests or citations last night, city police might not be so accommodating. Yet students who chose to return to future sleep-outs planned in Boston will have to do so knowing that Harvard’s standard protocol stipulates that any student who is arrested is subject to a six-month mandatory leave and that the university has declined to state whether it would apply the same standard to those arrested while sleeping...

Author: By The Crimson Staff | Title: A Cause Worth Sleeping For | 11/13/2009 | See Source »

Hallucinogens, on the other hand, have been proven to play a more pivotal role in dictating the direction of an artist’s work. For example, LSD was commonly given to interested test subjects to gauge the drug’s effects and was found to disinhibit normal sensory perceptions, launching the artist into a potentially productive psychedelic experience. These more psychoactive drugs can actually become a type of muse that influence the content of the art, the most famous example of these acid trips being “Lucy in the Sky With Diamonds...

Author: By Noël D. Barlow and Eunice Y. Kim, CRIMSON STAFF WRITERS | Title: High Art | 11/13/2009 | See Source »

...clever cinematographic twist, Meloni reenacts the flashback while narrating. His buddy joins him and they stand over the bawling girl with coffee cups in hand, casually observing her breakdown. Meloni narrates over the entire sequence, explaining that the girl was waiting for a man who never came; in another elegant shot, the film cuts back to her waving goodbye to her lover as he ascends the airport escalator, Meloni and his companion descending the parallel escalator, still talking, just moments later. Far from being merely a gimmick, this technique highlights the implicit interactivity of the interviews—not only...

Author: By Sophie O. Duvernoy, CONTRIBUTING WRITER | Title: Brief Interviews with Hideous Men | 11/13/2009 | See Source »

...Obama's closest Asia hand is Jeffrey Bader, the President's senior Asia director at the National Security Council. Bader is the one to brief him in the West Wing during the day, to coordinate the agencies in policy formation, and to stand by when Obama takes or makes calls to leaders. Bader spent 27 years in government as a career foreign-service officer focusing on China and trade. Bader came to the Administration from the Brookings Institution, where he had been hired by James Steinberg, now Deputy Secretary of State...

Author: /time Magazine | Title: For His Asia Trip, Obama Has a United Brain Trust | 11/13/2009 | See Source »

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