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...other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will go bad. That practice is now gone, but the FHA is still expecting more than 20% of the loans...

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

...Christianity) is a wicked cult, and it’s high time we left it behind.” - Christopher Hitchens

Author: By Jessie J. Jiang | Title: Is Christianity All the Rage? | 11/14/2009 | See Source »

...expense. Meanwhile, Kurt’s touching scenes with his father were almost too real for a show this cartoony, and we were jarred by the tension in the sequence that cuts between Burt’s phone call and Kurt’s attempts at a high F. Glee’s definitely moving in a good direction, and this episode improves its attempts at fleshing out the characters while attempting a tightrope act of caricaturing without stereotyping. Sometimes it falters, and unfortunately Mercedes still gets the worst of it. (You’ll find her something...

Author: By Luis Urbina, CRIMSON STAFF WRITER | Title: Recap: “Wheels” | 11/14/2009 | See Source »

...collapse of three Icelandic banks in October 2008 meant cranes across the country came to a halt. A broken economy has led to rock-bottom rents. And while the new lows may have hit local landlords hard, it enabled a kind of tenant once prohibited from the high-traffic destination to move in - emerging fashion designers. "Creativity doesn't stop when the money goes," says Runar Omarsson, co-owner of Nikita, a street-wear line that caters mainly to skate- and snowboarders. "It is important to look at what we have and make something out of it. There are valuable...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

Aftur's bottom line isn't unique. Down the street the three-month-old Fabelhaft shop has also logged surprisingly high sales. "Opening now has been the best investment for us," says co-owner Dusa Olafsdottir. Inside, tourists and natives mill around bespoke hats and dresses in the boutique's bleached white cube. "Before the crash it was ridiculously expensive on this street, but now you can have your own label and store." (See pictures of expensive things that money...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

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