Word: mitted
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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 become seriously delinquent on their payments later catch up. A big deal has been made of the redefault rate - the high number of borrowers who wind up missing even modified payments - but the new finding about the large percentage of loans that "self-cure" indicates that servicers might actually...
...MIT's University Presses have also already signed on with Scribd. The company started discussing a deal with HUP about a month ago, according to Adler, after HUP started uploading books to the Web site on their...
...Nevertheless, others regard McNamara's legacy more favorably. Jack P. Ruina, an MIT professor who worked under McNamara as Director of the Advanced Research Projects Agency, said he was a "great admirer of [McNamara's]" even though he was "a little bit like a machine." And Graham T. Allison, a former dean of the Kennedy School and now director of the Belfer Center, noted in an e-mailed statement that President Kennedy regarded McNamara as his "most valued counselor" during the potentially disastrous Cuban Missile Crisis...
...potential cost to the consumer has dogged the bill for months. Republicans, citing an MIT study, say the measure could cost households as much as $3,100 a year, a number disputed by factcheck.org. The group interviewed one of the authors of that study, who said the true impact would be more like $800 a year. The Congressional Budget Office, giving a boost to Democrats, last week said the program would cost the average family $175 in 2020. Whatever the expense, Republicans are labeling the bill as a carbon tax that - on top of the stimulus and the push...
...oldest son, Jong Nam, who directs the Korea Computer Center. Grade-school kids are now drilled in Pascal and other computer languages, while gifted students are channeled into science and technology programs at Kim Il Sung University and Kim Chaek University, which some have dubbed the MIT of North Korea. Although currently stalled because of troubled bilateral relations with South Korea, another technical university, Pyongyang University of Science and Technology (PUST), is scheduled to open soon; foreign professors are supposed to eventually teach there, in English...