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Still, Herzberg's Sirius Value program is far from a slam-dunk fix for the housing slump. Under the program, which received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

...Academy Award acceptance speech. So on behalf of Oscar viewers everywhere, I offered my punch-up services for free to several of the nominees this time. All of them turned me down. Their main concern seemed to be revealing their speeches in advance to a journalist. They must be aware of the making-fun part...

Author: /time Magazine | Title: My Oscar Thank You Speech (for Sound Mixing) | 3/4/2010 | See Source »

...that even bailing out Greece (or any other eurozone member) with eurozone money would be more than just the small step toward centralized fiscal policy that it may appear to be. It would also be a very large step toward political union—a goal that the EU must not reach too far for until it attains the approval to do so from the popular ballot on which its authority rests...

Author: By The Crimson Staff | Title: From Brussels with Love? | 3/4/2010 | See Source »

...amendments and many Republicans Senators, including Tom Coburn of Oklahoma, say they plan on filing hundreds of amendments, potentially gumming up the Senate for months; and 2) under a provision known as the Byrd rule - named after Senator Robert Byrd of West Virginia - every provision passed through reconciliation must be deemed relevant to the underlying budget by the parliamentarian...

Author: /time Magazine | Title: Health Reform's Reconciliation Ref | 3/3/2010 | See Source »

...Frumin, 63, is a graduate of Colgate University in upstate New York and Georgetown Law. He's worked for the parliamentarian's office since 1977, and starting four years after that, he and former parliamentarian Bob Dove have effectively rotated what must be one of the most thankless jobs on Capitol Hill. They kept switching off because various congressional leaders fired one or the other in frustration. Dove served under Republicans from 1981-87, when he was fired by Robert Byrd after Dems took control. Frumin ran things until 1995, when Dove was reinstated. He only lasted until 2001, when...

Author: /time Magazine | Title: Health Reform's Reconciliation Ref | 3/3/2010 | See Source »

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