Word: plan
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...risk of facing foreclosure. And many economists argue housing prices won't stop falling until foreclosure rates come down. On Thursday, Federal Reserve Chairman Ben Bernanke said that he thinks the government should do more to stop foreclosures. He named a number of possible programs, including a plan floated a few weeks ago by Sheila Bair, who heads the Federal Deposit Insurance Corporation, for the government to pay mortgage servicers $1,000 per modification and split the default risk in order to encourage them to lower the monthly loan payments of borrowers at risk of foreclosure...
Harvard's Glaeser calculates that in a stable market reducing mortgage rates to 4.5% would boost home prices by 5.2%. But this isn't a stable market. Before the announced plan, housing prices were expected to drop as much as another 20%. That means the Treasury's proposed mortgage rate cut will fall well short of stopping the continued fall in real estate prices. "All of these subsidies end up with taxpayers holding the bag," says Glaeser. "It's a terrible idea...
...announced yesterday that it will donate $1.2 million to the Harvard University Center for the Environment over the next three years in order to fund research into carbon capture and storage. The bank is partnering with the Center for the Environment as part of its ten-year, $20-billion plan to support environmentally-oriented innovation by investing in renewable energy and financing sustainable construction. The grant will allow the center to step up its research efforts into carbon capture as part of Harvard’s Climate Solutions Program. Carbon capture and storage is the practice of depositing compressed carbon...
Dybul’s presentation centered largely on the vision, goal, and results of the President’s Emergency Plan for AIDS Relief (PEPFAR), an initiative launched by President Bush in 2003 to combat the global epidemic...
...priority is alternative social space,” said Flores, who outlined her plan to rent out the center with money from the UC’s party fund that had been redirected to upperclass House Committees last spring...