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...overpriced homes returning to more reasonable prices and out-of-work homeowners not having the income to make mortgage payments. What this plan does offer, though, is a series of targeted interventions designed to help specific groups of borrowers and by doing that, it's hoped, limit the knock-on damage caused by foreclosures both to neighborhoods and to the overall economy. "This will help some people who deserve to be helped," says Joe Gyrouko, a professor of real estate and finance at the University of Pennsylvania's Wharton School. "But will this stop the decline in housing prices...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...appetizers and drinks), but at around $35 a head plus a facial, it comes in a helluva lot less than a trip to Pyara.Down Winthrop Street from Shabu-Ya is Shabu Square, quietly located at the corner of Eliot Street. The menu at this far less expensive knock-off is based on a similar template of shabu plus other pan-Asian delights. The stark décor and often-challenged food—despite some successful personalizable noodle dishes—are probably not worth the 15 bucks, though rest assured that the ceiling height facilitates a fairly steam-free...

Author: By Francesca T. Gilberti, CRIMSON STAFF WRITER | Title: Finding the Shabu For You | 2/18/2009 | See Source »

...czar was never crowned. With those plans due Tuesday - and talks with union leaders and debtors apparently bogged down - President Barack Obama has reportedly decided to send an emissary to knock heads at the bargaining table, while saving the final decisions for himself and his existing economics team...

Author: /time Magazine | Title: Saying No to a Car Czar: A Smart First Step on Detroit | 2/17/2009 | See Source »

More people watched Tina Fey's takedown of Palin online than on Saturday Night Live. And well they should. Why sit through 90 minutes waiting for the good bits when an army of online editors will separate the wit from the chaff? This isn't just a knock on SNL. The View, the nightly news--they're all albums, which the Web breaks down into singles...

Author: /time Magazine | Title: A TV Critic in the Post-TV World | 2/12/2009 | See Source »

...view of many outside the U.S. (and some within), the only way to limit such excesses is through a bigger, more powerful IMF that can act as a central bank to the world--and knock heads when needed. While everybody agrees that this new IMF needs to be less dominated by the U.S. and Western Europe, things get controversial as soon as you go past voting rights. Should capital flows be restricted? Should there be limits on trade deficits and surpluses? Should the IMF be able to order around even the U.S.? If the answer to any of these questions...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

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