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...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 »

Toyota's announcement last week that it will recall more than 3.8 million vehicles is unlikely to end the controversy over the car's sudden-acceleration problems. Following complaints about the problem - and a deadly accident in California last summer - the company acknowledged that floor mats, if not secured properly, could get stuck under the accelerator pedal, leaving a vehicle's throttle stuck open. Hence the recall, to replace the accelerator pedals and floor mats...

Author: /time Magazine | Title: Toyota's Big Recall Unlikely to Quiet Critics | 12/4/2009 | See Source »

...critics complain that Toyota was slow to acknowledge the problem, and may still not be dealing with it adequately. "I don't think Toyota has handled it well," says Clarence Ditlow, the director of the Center of Auto Safety in Washington, D.C. Ditlow says the record shows that Toyota executives first became aware of a possible problem 10 years ago - a scenario Toyota disputes - when the company replaced the floor mats on Lexus models sold in Great Britain. "There have been six different defect petitions [filed with the National Highway Traffic and Safety Administration, or NHTSA]," says Ditlow...

Author: /time Magazine | Title: Toyota's Big Recall Unlikely to Quiet Critics | 12/4/2009 | See Source »

Other critics contend that Toyota may be imposing a fix without fully understanding the problem. "For years, Toyota Motor Corporation has dismissed complaints of sudden acceleration as being the driver's fault," says David Wright, a Redlands, Calif., attorney, who recently filed a class-action lawsuit against Toyota. "But neither driver error nor floor mats can explain away many other frightening instances of runaway Toyotas. Until the company acknowledges the real problem and fixes it, we worry that other preventable injuries and deaths will occur," Wright says. He contends that errant electrical signals may be triggering some of the sudden...

Author: /time Magazine | Title: Toyota's Big Recall Unlikely to Quiet Critics | 12/4/2009 | See Source »

...Yale Dance Studies Curriculum is facing a similar problem. “One of our big challenges is space,” says Emily Coates, a lecturer in Theater Studies and Artistic Director of the World Performance Project at Yale. “The interest in dance is blossoming as students realize the possibilities within their extra-curricular programs and the curriculum... bringing an increased demand for studio performance space and rehearsal space...

Author: By Renee G. Stern, CONTRIBUTING WRITER | Title: Ivies Collaborate to Explore Dancing Issues | 12/4/2009 | See Source »

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