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...Supervision (OTS) issued a report showing that at national banks and federally regulated thrifts, nearly 37% of homeowners were 60 or more days behind on their payments six months after receiving a modification. That re-default problem has received much attention as the national conversation has turned toward the idea of taxpayers standing behind modifications. "You wouldn't want the government to be on the hook for someone who borrowed a lot more in credit-card debt, or what have you, and then couldn't make their payments," OCC head John Dugan said in an interview with Bloomberg. (See pictures...

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

...Institute’s first director. “I was the one who met with Terry and engaged him in a conversation about how transforming a gift like this could be,” Walker said. “I told him about this pie in the sky idea to get a bunch of flexible funding and get really smart people together to think outside the box.” Walker approached Ragon—who had business of his own in South Africa—a year and a half ago regarding funding for AIDS research...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Mass. General Gets $100M Gift | 2/5/2009 | See Source »

...final critique was that there aren’t many more loaded images than Christ on the cross. I wanted to ask, “What sort of modern world needs to be saved with another round of crucifixions?” That’s the conceptual idea I started with.RR: Is this going home to mom and dad?IRM: I live in California, so it would probably be pretty expensive. Plus, I’m not sure they would be happy with a painting with a lot of crucifixions. I’m not sure they would want...

Author: By Jillian J. Goodman, CRIMSON STAFF WRITER | Title: ROVING REPORTER: VES 25: Non-Observational Painting | 2/5/2009 | See Source »

...apples punctured with nails. Xinran Yuan ’10, also a Crimson photo editor, calls her sculpture from her VES 30 class the more literal interpretation of peer pressure and self-realization. “I was dealing with evoking awareness of the space within people, this idea of inner space and searching for the traces of oneself,” Yuan said. “Eventually the whole piece is meant to decay.”Kayla A. Escobedo ’12 continued the theme of personal development, using her oil painting as a way to acknowledge...

Author: By Erika P. Pierson, CRIMSON STAFF WRITER | Title: 'Students Choose' and Express with VES | 2/5/2009 | See Source »

...School of Cinematic Arts and three-time Academy Award winning documentary maker.But according to Harris, although a more technical education strengthens practical skills, it may detract from students’ creative ability. “When people leave NYU, they are technical masters but sometimes their ideas fall short,” said Michael F. Crommett, a freshman at NYU’s Tisch School.“My own bias is that you shouldn’t go to film school as an undergraduate,” Harris said. “It’s a better idea...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Welcome to the Reel World | 2/5/2009 | See Source »

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