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...federal housing agencies and later expanding industry-wide thanks to strong-arming from some combination of the Obama Administration and Congress. Loan modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department told a Senate panel that the Administration was considering rent-backs, but the idea hasn't gained traction...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...catch up on sleep and work. But this year, several Harvard administrators, students, and graduates marked the occasion with a special ceremony in Memorial Church, recognizing the 16 Harvard alumni—the most of any university besides the service academies—who have received the Medal of Honor...

Author: By Meredith C. Baker, CONTRIBUTING WRITER | Title: Military Alumni Paid Tribute At Ceremony | 11/12/2009 | See Source »

...history of our freedom has been bought through the selfless service and sacrifice of the men and women we honor today,” Casey said in defining the significance of Veterans Day. “Our country is lucky to have people that believe in the values of our county and are willing to fight for them...

Author: By Meredith C. Baker, CONTRIBUTING WRITER | Title: Military Alumni Paid Tribute At Ceremony | 11/12/2009 | See Source »

Each year on Nov. 11, the U.S. celebrates Veterans Day in honor of those who have fought - and those who have died - for the country. Wreath-laying ceremonies take place at cemeteries across the land, including at Arlington National Cemetery in Virginia. Though the commemoration officially began in Arlington as Armistice Day, with the burial of an anonymous World War I soldier at the Tomb of the Unknowns in 1921, the occasion didn't become a federal holiday in the U.S. until 1938. (In 1954 its name was changed to Veterans Day.) Accounts differ on when the tradition began...

Author: /time Magazine | Title: Unknown Soldiers | 11/11/2009 | See Source »

...first known ceremony to honor unknown soldiers dates back to the Peloponnesian Wars in ancient Greece, where an empty stretcher was carried in tribute to the dead. Before Armistice Day in 1921, one of the earliest such commemorations in the U.S. was a granite sarcophagus dedicated in 1866 at Arlington in remembrance of the 2,011 unidentified soldiers who died in the U.S. Civil...

Author: /time Magazine | Title: Unknown Soldiers | 11/11/2009 | See Source »

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