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Lowenstein is terrific at 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...

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

...country's largest union federation, Trades Union Congress, launched rightsforinterns.org.uk in late March to help get the word out that internships that offer no real training are exploitative - and illegal. So far, more than 2,500 people have joined a Facebook group that a British student started called Interns Must Be Paid the Minimum Wage...

Author: /time Magazine | Title: Working for Free: The Boom in Adult Interns | 4/12/2010 | See Source »

...shutting down 25% of its coal-fired power plants and switching to straw-based and other renewable fuels. "We're taking the big steps now," says Eldrup. "This is different from politicians who make big promises to do something in the future. We want to show that you must have a big vision and be ready to deliver." (See the top 10 scientific discoveries...

Author: /time Magazine | Title: Radical Green | 4/12/2010 | See Source »

...different take on the game. Generally at Harvard, players sign up in teams, oftentimes with creative names like Quincy’s “Sprinklywinks” or “Blood, Bath, and Beyond.” Each player is assigned a target person whom they must “assassinate” within a fixed time period with a false weapon (Harvard’s is usually a water gun). Players’ rooms and dining halls are typically designated “safe zones,” but targets may be required to expose themselves...

Author: By Sally K. Scopa, CONTRIBUTING WRITER | Title: Assassinate This | 4/12/2010 | See Source »

...Though we do not know great famine in this country, we know homelessness, abject poverty, and the misery and suffering which accompany them. In this country and in this city, people still feel the aches of hunger, want, and fear. To change this course of poverty and homelessness we must first, as a society, change how we view these people and acknowledge the moral duty that compels each of us to serve within the Cambridge community...

Author: By Jacob Cedarbaum | Title: Two Cambridges | 4/12/2010 | See Source »

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