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...walking the reader through complex economic events, and he artfully traces the development of the subprime-mortgage disaster. It sounds like a lofty ideal when Angelo Mozilo, a co-founder of Countrywide, says in a speech in 2003, "Expanding the American dream of homeownership must continue to be our mission, not solely for the purpose of benefiting corporate America, but more importantly, to make our country a better place." Countrywide and others made mortgages available to anyone with a pulse, aided and abetted by Wall Street, which created the market for exotic mortgage derivatives. By 2008, "banks and investors...

Author: /time Magazine | Title: Business Books | 4/12/2010 | See Source »

Managing a room full of rowdy children—all between 9 and 11 years old—on a hot Thursday afternoon may seem like the work of a trained professional, but as Mission Hill After School Program volunteer E. Jordan Taylor ’12 steps into the classroom on the Wentworth Institute of Technology campus, she transforms from student to disciplinarian without missing a beat...

Author: By Rediet T. Abebe and Linda Zhang, CRIMSON STAFF WRITERS | Title: Mission Hill Program Teaches Local Youth | 4/12/2010 | See Source »

...program provides three-and-a-half hours of after school activities and tutoring for 63 elementary and middle school students from two of Boston’s housing developments, Mission Main and Alice Taylor...

Author: By Rediet T. Abebe and Linda Zhang, CRIMSON STAFF WRITERS | Title: Mission Hill Program Teaches Local Youth | 4/12/2010 | See Source »

...finally referring to the "war" in Afghanistan, the government knows only too well that the Afghan mission is becoming deadlier. But on Wednesday, Foreign Minister Guido Westerwelle warned against a hasty withdrawal, saying: "If we were to retreat on the spur of the moment now, Afghanistan would return to being a shelter for world terrorism in a very short time." The question remains, though: How many more casualties will an increasingly skeptical German public tolerate...

Author: /time Magazine | Title: Germany Comes to Terms With Its New War | 4/9/2010 | See Source »

...fall, more than 1,500 U.S. soldiers cycle through the base every day, either heading into or out of Afghanistan. Flights between Manas and Afghanistan employ Air Force C-17 and other military aircraft, while those from Manas to Europe use commercial airliners. Beyond its bus-terminal mission, it's key to airlifting supplies into and evacuating wounded troops from Afghanistan. Air Force KC-135 aerial refueling tankers are also based at Manas...

Author: /time Magazine | Title: Could the U.S. Lose Its Base in Kyrgyzstan? | 4/9/2010 | See Source »

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