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Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for the bank, gives borrowers more incentive to stay current on their mortgage. The Bank of America program, which has won praise from consumer advocates, could help as many as 45,000 borrowers reduce what they owe by $3 billion. "Bank of America is to be commended for launching a program...

Author: /time Magazine | Title: BofA's CEO: How to Win Friends and Influence People | 3/30/2010 | See Source »

...March 13, Patrick T. Brennan '11, managing editor of The Salient, published a highly controversial article about ethnic studies. In the article, Brennan condemned the new Ethnic Studies secondary field as tangential to a proper undergraduate education. But in the meantime, his rhetoric-heavy article has ignited passionate debate over meals, House e-mail lists, meetings, and just about any other place at Harvard...

Author: By Keren E. Rohe, CONTRIBUTING WRITER | Title: Battle Royale: Ethnic Studies vs. The Salient | 3/30/2010 | See Source »

CORRECTION: March...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Artifacts Take Their Rightful Place as Art | 3/30/2010 | See Source »

...Office for the Arts’ (OFA) annual Public Art Workshop and the Harvard Human Rights Advocates (HHRA) will collaborate on a public art installation with the theme of human rights struggles in Burma. In three meetings, which began on March 9 and will culminate on April 17, the participating artists hope to create a piece that will visually engage viewers, while raising awareness and support for Burma’s current political situation...

Author: By Sally K. Scopa, CONTRIBUTING WRITER | Title: Public Art Highlights Human Rights Struggles | 3/30/2010 | See Source »

...damage may be permanent. On March 28 an influential cross-party committee of MPs in Britain weighed in on the wider impact of that policy. "The perception that the British Government was a subservient 'poodle' to the U.S. Administration leading up to the period of the invasion of Iraq and its aftermath is widespread both among the British public and overseas," states a report from the House of Commons Foreign Affairs Committee. "This perception, whatever its relation to reality, is deeply damaging to the reputation and interests...

Author: /time Magazine | Title: Why Britain's Affair with the U.S. Is Over | 3/29/2010 | See Source »

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