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...specialized nature of modern mortgage markets - in which banks and mortgage brokers make the loans, investors buy them, and servicers collect the monthly payments - can make workouts complicated, and right now the system is overwhelmed by the sheer number of loans running into trouble. A study by Moody's in September found that terms were being modified on only 1% of the subprime loans resetting to higher rates this year - and the Mortgage Bankers Association of America reported this morning that the percentage of all mortgage loans in foreclosure at the end of September was, at 1.69%, the highest since...

Author: /time Magazine | Title: Whom Will the Subprime Plan Help? | 12/7/2007 | See Source »

...Artist Revealed: Martha Graham’s Work and Creative Process,” one of Harvard’s first for-credit dance classes. A former principal dancer and artistic director of the Martha Graham Dance Company, Dakin brings to the classroom firsthand experience with the iconic modern dancer, to whom she refers with personal familiarity and deep respect. It is also not difficult to see why Harvard might have chosen Graham’s work as an initial bridge between academia and dance. “There’s an intellectual and a literary aspect to Martha?...

Author: By Amanda C. Lynch, CONTRIBUTING WRITER | Title: Dakin Sounds Off on Harvard Dance Scene | 12/7/2007 | See Source »

...study of dramatic arts to Harvard.“We did make an offer to Joe Roach [a Professor of Drama at Yale] some years ago, which alas he declined,” says Leo Damrosch, acting chair of the English Department. Currently, no fully tenured professors specializing in modern drama are on the English department faculty.A position has been offered to Visiting Professor Martin Puchner, from Columbia University, who received his master’s degree from Harvard, who thinks the Roach decision is indicative of larger trends.“I think maybe in the last few years...

Author: By Alexander B. Cohn, CRIMSON STAFF WRITER | Title: Harvard Drama’s 300-Year Struggle | 12/7/2007 | See Source »

...something of a socialist. Gomes doesn’t write in a vacuum, however, and he includes numerous mentions of current socio-political situations—the war in Iraq, Sept. 11, homophobia, and race relations—to convey how Jesus’s teachings apply to the modern world.Yet where Gomes’s book falls short is not in the message it presents, but in the way it presents it. Gomes is good about writing accessibly, but for those with more biblical knowledge, the book can get dry after the first 100 pages or so. Gomes?...

Author: By Joshua J. Kearney, CRIMSON STAFF WRITER | Title: Jesus Teaches, But Gomes Preaches | 12/7/2007 | See Source »

...nuclear-bomb program was imminent, but - and here comes the strange part - he hadn't bothered to ask the Director of National Intelligence, Mike McConnell, what it might contain. "If that's true," Senator Joe Biden opined soon after, "then this is ... one of the most incompetent Presidents in modern American history...

Author: /time Magazine | Title: Iran's Nukes: Now They Tell Us? | 12/6/2007 | See Source »

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