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...started regular broadcasts in New York City in 1939, debuting in time for the opening of the World's Fair. The company minted the first TV star in comedian Milton Berle, whose Texaco Star Theater became a hit in 1948 - the same year that the number of televisions in America crossed the 1 million mark. NBC started broadcasting in color in 1954; its famed peacock logo was created in 1956 to highlight the medium's newfound richness. By 1965, 95% of NBC's TV broadcasts were in color...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...Urban Development announced that they would no longer take kindly to mortgage firms that don't make modifications lasting. Teams of officials are headed to the nation's largest lenders for a closer look at what's going on, and starting in December public progress reports will include the number of loans being converted to permanent status - an attempt to shame the firms into quicker action. Monetary penalties could follow...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...major difficulty now is the weak economy and rising joblessness. Under the U.S. government's plan, a modified loan payment must not account for more than 31% of a family's income. With unemployment north of 10%, in a growing number of cases, the mortgage isn't the problem - the lack of a paycheck is. "It increasingly appears that HAMP is targeted at the housing crisis as it existed six months ago, rather than as it exists right now," concluded the Congressional Oversight Panel, a group charged with evaluating the program, in an October report...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...ourselves: what do we like? What is worth studying? What is important to make available and isn’t already being covered in courses that others are teaching?” For Burt, science fiction literature fits the bill. “A number of Harvard students seem to agree,” he notes...

Author: By Yair Rosenberg, CONTRIBUTING WRITER | Title: Taking Sci Fi Into the Classroom | 12/4/2009 | See Source »

...That, apparently, did little to quell the discontent, and for good reason. Since the famine in North Korea a decade ago, informal private markets have sprung up across the country, enabling an increasing number of North Koreans to feed themselves and earn a basic living by trading. The U.N. has estimated that about half the calories consumed in North Korea come from food purchased at private markets. Under the new plan, however, the small savers who run those private markets will be stripped of much of the cash they need to run their businesses...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

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