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...interest of investors overall, but they might still not rewrite loans, even when that creates the most value in the aggregate, since modifications can impact certain investors more than others - and it only takes one to sue. That's why on Feb. 4. the House Financial Services committee met to talk about making a law to shield servicers from such lawsuits. The law, first proposed by real estate and law professors at Columbia University, would create a so-called legal safe harbor, and ostensibly kick up modification efforts. The professors believe this to be the case because they've observed...

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

...That, for me, is the real achievement of IMs. They bring together a group of people who wouldn’t want to play official club sports and might never have met otherwise. They’re an outlet for fun and camaraderie on a campus where people regularly stay up into the wee hours debugging code or writing papers...

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

...dining hall staff union’s efforts to strengthen the anti-discrimination language of their contract at an open meeting last night. The two student organizations also plan to campaign to broaden the scope of the university’s anti-discrimination policy to include all workers. Students met with four dining hall workers to prepare a reaction to allegedly anti-gay remarks made by a manager in a dining hall a few weeks ago. According to the president of Unite Here Local 26, the union representing Harvard’s dining hall staff, a dining manager asked...

Author: By Danielle J. Kolin, CRIMSON STAFF WRITER | Title: BGLTSA, Union Join to Support Staff | 2/6/2009 | See Source »

...From February to April of 1989, the Communist leadership met with the leaders of Solidarity in what became known as the Round Table talks, which resulted in an agreement to hold semi-free elections that summer. The results of these elections favored Solidarity’s candidates even more than its own leaders had expected; of the available seats, Solidarity won nearly every single contest. To many observers, it seemed as though Poland would move rapidly toward capitalism and democracy...

Author: By Ellen C. Bryson, Matthew H. Ghazarian, and Eugene Kim | Title: Rewolucja: 20 Years Later | 2/6/2009 | See Source »

...alumni contact information in an online directory, accessible to all members. Harvardwood 101—a yearly trip to Los Angeles over that takes place over intersession—offers two dozen current students a glimpse at the industry they hope to enter. Last month, students on the trip met with a wide range of professionals—from agents and writers to Robert M. Kraft ’76, the chief executive of Fox Music. “We were bussed around from studio to studio, panel to panel in order to experience a broad cross-section of Hollywood...

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

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