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...home buyers rushed to take advantage of the $8,000 tax credit designed to lure them into the market, the FHA insured a full 49% of their mortgages. In October, Congress renewed a higher limit on the size of FHA loans (now up to $729,750), first put in place last year, to allow the agency to expand into pricier markets. "The government may need to inject billions of dollars into the FHA, but the alternative - another perturbation in the housing market, more foreclosure aid, more bank bailouts - could have cost dramatically more," says housing economist Thomas Lawler...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

...Business Insider observed this week that it was actually harder to get a job at Manhattan’s newest Apple Store (located on the Upper West Side) than it was to secure a place in Harvard’s latest freshman class.  The store’s acceptance rate: 2 percent...

Author: By Michelle L. Quach | Title: And You Thought Getting Into Harvard was Hard... | 11/14/2009 | See Source »

Killeen is a soldier's town. Many choose to remain here after retirement - the climate is benign, the cost of living relatively low and the social network familiar. The Islamic Community Center of Greater Killeen, a mosque founded by several Army veterans, is the place where civilians and soldiers gather for prayer every Friday. The congregation is diverse, and includes both serving and retired military and civilian families, some with roots in Pakistan, Africa and the Middle East, others native-born Americans. Now the small, red brick mosque on South Fort Hood Street is notorious as the place where Hasan...

Author: /time Magazine | Title: A Muslim Community Moves On After Ft. Hood | 11/14/2009 | See Source »

...text plods on, the poem collapses under the weight of its interminable references. The writing is always dense, but seldom beautiful. The polysyllabic scientific terms, forgotten place names, and global cultural figures with which Alexander litters his opus ensure that the poetry is characterized by mechanical coldness, not joy or pathos. At one point, the narrator describes himself as “stunningly wrought powerless by my sudden lexical commingling.” It is a moment of wonderfully unintentional irony...

Author: By Keshava D. Guha, CRIMSON STAFF WRITER | Title: An Epic Poem Wanting Ambition | 11/13/2009 | See Source »

There is little secrecy over evidence. The UCMJ's version of the civilian grand jury takes place early in the 120-day process and is much more open and balanced. In the hearing, the prosecution will lay out its prima facie case before a military judge, and the defense will have an opportunity to put in evidence and cross-examine witnesses. Out of that hearing, specific charges will be issued and recommended to an officer with the rank of general in Hasan's direct chain of command. That commanding general will decide on what charges will be made and where...

Author: /time Magazine | Title: How the Military Will Try Nidal Hasan | 11/13/2009 | See Source »

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