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...bonds tied to short-term loans made to Lehman Brothers. Like Lehman, that investment went belly up. Then there are all the houses it has to repossess as people stop paying their mortgages. The company now owns about 30,000 homes. Maintaining these houses costs about $3,300 a month each, and that comes on top of the loan loss, which is typically about one-third the size of the mortgage. Wave goodbye to another billion...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

...TIME's article on foreclosure was heartbreaking. How is it that some people pay more to pamper their dogs than other people pay for their mortgage? Also, how does one pay $800 a month for health insurance yet still owe $15,000 in medical bills? I think this story uncovers another part of the financial industry that has contributed to the economic meltdown. Thank God we finally have a President who gets it. Bonnie Huggins, CENTENNIAL, COLO...

Author: /time Magazine | Title: Profiles in Foreclosure | 3/17/2009 | See Source »

...pieces of paper may have recently jeopardized the lives of 2.75 million refugees. Earlier this month, Luis Moreno-Ocampo, prosecutor of the International Criminal Court, issued an arrest warrant for Sudanese president Omar al-Bashir, citing crimes against humanity and war crimes. As pundits and scholars alike have warned, al-Bashir’s retaliation was brutal. He immediately shut down 13 relief agencies, giving no explanation other than allegations that the ICC and these NGOs were conspiring against...

Author: By Noah M. Silver | Title: Collaborative Justice | 3/17/2009 | See Source »

Harvard currently ranks thirteenth on the Environmental Protection Agency’s list of the top 20 colleges and universities that purchase the most green energy, though final results will not be announced until next month...

Author: By Emma M. Benintende, CONTRIBUTING WRITER | Title: EPA Tags University's Energy Use As Green | 3/17/2009 | See Source »

...still is.”More than a dozen years later, after having taken separate paths with their law degrees, Obama and Sullivan extended their casual friendship. The President asked Sullivan to serve as an informal adviser during his historic bid for the White House.And just three months after Obama transcended racial barriers to become the first black president, Sullivan has made history of his own. In early February, the clinical professor of law and his wife, Stephanie Robinson, were selected as the first black couple to serve as House Masters in the College’s history.Sullivan, Robinson...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERS | Title: Historic Picks To Step in at Winthrop | 3/17/2009 | See Source »

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