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...FDIC also has a public-policy mission with IndyMac, which had made many risky mortgages. Many of those loans went to borrowers in California, where home prices have fallen sharply. The FDIC tried to show it could keep many of those borrowers in their homes and still turn the bank around. In all, IndyMac modified the loans of more than 10,000 of its borrowers in less than eight months, in many cases eliminating the chance that those borrowers would face foreclosure. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

...most frequent comments made by market experts and investors now that the indexes are reaching multi-decade lows is that the market can't keep going down forever. It allows investors to feel something beyond the overwhelming pessimism that greets them every day when the bell rings at 9.30 and the trading starts...

Author: /time Magazine | Title: The Market Can't Keep Going Down | 3/6/2009 | See Source »

...unblinking look at Cygnus-Lyra is important because even if Kepler were to detect any telltale fluctuations in stellar light, that wouldn't be proof of a planet. The telescope would have to keep looking and see if the flickering is repeated roughly once a year, or about the time it would take an Earth-like planet to circle around its star and pass in front again. Record three or four such passes, and you can be pretty sure you've got a planet - hence the 3½-year mission...

Author: /time Magazine | Title: Kepler Telescope to Take a Census of the Galaxy | 3/6/2009 | See Source »

...Washington is sure to keep an eye on the brouhaha, and the states may take a look too - as Massachusetts Governor Deval Patrick did last August when he signed a law banning certain types of gifts to doctors and requiring the industry to disclose any others over $50 in value. Harvard has convened a 19-member committee made up of representatives of its medical school, affiliated teaching hospitals and research institutes, and the student body to review its pharma policy, though the university is hedging on whether it actually plans to change the way it operates. "We cannot speculate...

Author: /time Magazine | Title: Is Drug-Company Money Tainting Medical Education? | 3/6/2009 | See Source »

Faust hints that Lincoln's ability to keep the tub from sinking should gives us hope even with the current state of the union. But I wonder, as our endowment leaks and our army retreats from Allston, could Faust's reading of Lincoln could have ramifications closer to home...

Author: By Samuel P. Jacobs | Title: Tubs and Bottoms | 3/6/2009 | See Source »

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