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Furthermore, new research suggests that a key assumption made in creating monetary incentives for loan modifications - that economic self-interest would make firms eager to modify loans - may be wrong. Economists at MIT and the Federal Reserve banks of Boston and Atlanta have found that about 30% of borrowers who...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

But in many other countries harm reduction is a widely accepted treatment model. In Europe and Canada, government-funded antiaddiction programs routinely help alcoholic patients reduce drinking, even if they won't quit; in Sweden, health officials suggest that cigarette smokers switch to snus (smokeless tobacco), which, unlike smoking, is...

Author: /time Magazine | Title: Treating Alcohol Addiction: A Pill Instead of Abstinence? | 7/29/2009 | See Source »

5. Public Perception The double blow of both the House and Senate being unlikely to pass legislation before his deadline is the worst setback Obama has seen in his six months in office. The monthlong break will give critics ample time to hone their messages of "too much, too soon...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

Yet think about who's missing here in the Soprano State. That's right, none of those charged has been fingered by the feds as being a member of the Mafia. So many new groups are now involved in corrupting New Jersey that the Mob must have been crowded out...

Author: /time Magazine | Title: The Beautiful Side of New Jersey Corruption | 7/24/2009 | See Source »

The report calls for a full redraft of the country's penal code, special units to combat corruption and organized crime and constitutional amendments guaranteeing an independent judicial system. "Although indications of fraud and corruption (including collusion with organized crime) are abundant in the public domain, law-enforcement agencies seem...

Author: /time Magazine | Title: Could the E.U. Lose Bulgaria to Russia? | 7/22/2009 | See Source »

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