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...Despite his grass-roots support, it's uncertain if Williams can muster a council majority next month to pass the ordinance, which would likely be the first such law to emerge amid the Great Recession. (A Pennsylvania judge last year mandated a program in Philadelphia that requires lenders there to at least participate in a modification-mediation process before resorting to foreclosure.) John Mechem, spokesman for the Mortgage Bankers Association in Washington, D.C., argues the ordinance is "ill-conceived" because it would "encourage banks not to do business [in] the city, which would limit competition." But even if it doesn...

Author: /time Magazine | Title: How One City May Punish Banks for Foreclosures | 8/25/2009 | See Source »

...badger OPEC about oil prices, and he has struggled to explain why he once called coal a "nightmare." Several of his scientific initiatives have stalled on Capitol Hill, victims of lackluster salesmanship. He got his unofficial welcome to politics in February, during a tour of the University of Pennsylvania's operations facility, when a snippy Vice President Joe Biden responded to Chu's seemingly innocuous comments about energy efficiency by publicly chastising him for straying off message. "He won a Nobel Prize," Biden told the crowd. "I got elected seven times...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

Yale took third place, with a four-way tie for fourth pitting the University of Pennsylvania and MIT against the California Institute of Technology and Stanford...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Harvard, Princeton Tie for #1 in US News Ranking | 8/21/2009 | See Source »

...been inseparable, with the exception of my father's service in World War II, since kindergarten. My mother has lost her sight and is quite frail. My father takes care of her and my aunt Rose, lovingly, with some - but not enough - private help at their home in central Pennsylvania. One night in early August, I had a terrible scare. I called home and Aunt Rose was freaking out; she didn't know where my father was. All the worst possibilities crossed my mind - it turned out he was just getting the mail - as well as a very difficult reality...

Author: /time Magazine | Title: The GOP Has Become a Party of Nihilists | 8/20/2009 | See Source »

Only 17 men have staked claim to the honor, which has grown in stature since Donald Lippincott became the first official world-record holder in the 100-m dash at the 1912 Stockholm Olympics. Lippincott, a student at the University of Pennsylvania, was an unlikely winner: a supplementary member of the U.S. Olympic team, he was allowed to compete in the event only after he agreed to pay his own way to Sweden. After shocking observers by running a 10.6 in a preliminary heat, Lippincott fizzled in the final, finishing third. Still, his mark stood until his compatriot, Charley Paddock...

Author: /time Magazine | Title: The World's Fastest Human | 8/18/2009 | See Source »

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