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...fees, adding an average $10,800 to the balance due. A lender that caps the existing interest rate on an otherwise adjustable mortgage or reamortizes missed payments over the life of the loan might legitimately view its efforts as giving ground to a struggling borrower - but that doesn't mean those efforts provide the borrower with a fair chance of being able to make his new mortgage...

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

...Sports are often the most fun when their outcomes mean the least. But, with playoffs, championships, and trophies on the line, IMs—supposedly informal leagues designed for recreation—distance themselves from the easy-natured activities they represent...

Author: By Tomo Lazovich and Marcel E. Moran | Title: A Sporting Proposition | 2/6/2009 | See Source »

...Kenyan government says that's rubbish. According to the Ministry of Foreign Affairs, GOSS stands for "General Ordinance and Security Supplies," a division of the Kenyan Defense Ministry. "This is the thing with these sort of acronyms - they could mean anything. It's perfectly plausible, and it's up to everybody else to prove otherwise," says Paul Holtom, a researcher with the Stockholm International Peace Research Institute's Arms Transfers Project. "My point is that that manifest doesn't support definitively one or the other except to say that the consignee is the Ministry of Defense in Kenya...

Author: /time Magazine | Title: Pirates Free Ship, Doubts Remain on Destination | 2/6/2009 | See Source »

...dream,” quipped writer-director Paul Schrader at a screening of his 1992 film “Light Sleeper” during last weekend’s three-day retrospective of Schrader’s life at the Harvard Film Archive (HFA). “I mean, a lot of scripts come to me in dreams. It’s the only time a good script came to me in a dream.”Such lighthearted banter is unexpected from a man who’s built a career writing gritty films like “Raging...

Author: By Rebecca A. Schuetz, CRIMSON STAFF WRITER | Title: Schrader Discusses Characters, Career | 2/5/2009 | See Source »

...into computers, mobile phones, portable music players and a host of other consumer electronics products. The result has been plummeting prices. According to a price index compiled by research firm iSuppli, DRAM prices have plunged 48% in the past six months. That is good news for consumers - cheaper DRAMs mean electronics makers can pack more memory into their gadgets - but it is a disaster for manufacturers. At current price levels, chipmakers have a hard time making money. Kim Nam Hyung, chief memory chip analyst at iSuppli in El Segundo, Calif., estimates that the price of 1-gigabit DRAMs, for example...

Author: /time Magazine | Title: Chips Are Down for Asia's Semiconductor Makers | 2/5/2009 | See Source »

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