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...only takes one to sue. That's why on Feb. 4. the House Financial Services committee met to talk about making a law to shield servicers from such lawsuits. The law, first proposed by real estate and law professors at Columbia University, would create a so-called legal safe harbor, and ostensibly kick up modification efforts. The professors believe this to be the case because they've observed that firms that directly own mortgages are more successful at modifying them than are the companies servicing them for others. (Read the proposal from America's realtors on how to revive...

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

...girl I knew in high school has memorized all of Janet Jackson's dance routines. A college acquaintance is afraid of train whistles. Five separate people harbor lifelong desires to visit New Zealand. How do I know these things? Because they won't stop writing about them on Facebook...

Author: /time Magazine | Title: 25 Things I Didn't Want to Know About You | 2/5/2009 | See Source »

...novel's closing pages, Pepe confronts plutocrat Juan Puneta at his Makati mansion. After hearing Puneta say "I love exploiting the poor," Pepe kills him in an act of class rage and flees this town of heartbreaking contrasts, convinced his act was righteous. Though they may not harbor murderous intent, many of Manila's poor would share his grievances today...

Author: /time Magazine | Title: Manila Through the Eyes of F. Sionil José | 2/5/2009 | See Source »

...Roman Chelbowski, lead author of the current study and a medical oncologist at the Los Angeles Biomedical Research Institute at Harbor-UCLA Medical Center, disagrees. He says the rapid decline in cancer rates was due not only to an overall drop in breast-cancer risk, but also to the withdrawal of excess estrogen, which may actually have served as a treatment for tiny, preclinical breast cancers. "When you change from a high- to a low-estrogen environment, it's like giving breast cancer treatment," he says. "These are preclinical cancers that are below the level of detection, and that accounts...

Author: /time Magazine | Title: Halting Hormone Therapy Reduces Breast Cancer Risk Quickly | 2/4/2009 | See Source »

...complete surprise, completely unexpected. And just like the United States prevailed in that, we'll prevail in this.' ROD BLAGOJEVICH, embattled Illinois governor, likening his arrest on corruption charges to the attack on Pearl Harbor...

Author: /time Magazine | Title: Verbatim | 1/29/2009 | See Source »

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