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...first-time 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...
...Insider admitted that this apples-to-oranges comparison was made purely for entertainment purposes. Still, it inspired us to dig up some other statistics to put Harvard’s acceptance rate in perspective. (We didn’t make these up, we swear...
...fundamentally about creating jobs and encouraging economic activity," explains Senator Byron Dorgan (D-ND), the bill's main sponsor and a leading member of the Senate Subcommittee on Transportation, Housing and Urban Development. "It will also help put a better public face on the nation," Dorgan adds. "While other countries are working hard to woo travelers, we seem to be sending a message that we don't want them here...
Last month, the university put these items and many more together as part of an exhibition called Disposal? Visitors were asked which artifacts they'd pitch, and, more vitally, for what reasons. The collections reviewers are now poring through hundreds of visitor feedback forms to learn how the public would go about thinning the university's collections. Armed with that information, they'll soon start the lengthy process of deciding what will stay or go. (The Agatha Christie basket should get a reprieve - officials admit they've grown quite fond of it.) (Read "On Show at Taipei's National Palace...
Just weeks after he was sworn in as U.S. Attorney for New York's Southern District, Preet Bharara is being put to the test. U.S. Attorney General Eric Holder's announcement that self-professed Sept. 11 mastermind Khalid Sheikh Mohammed and four alleged co-conspirators will be tried in a Manhattan federal court makes Bharara the man responsible for bringing an unabashed terrorist to justice. Bharara, who drew plaudits for his investigation into the firings of eight U.S. Attorneys under President George W. Bush, has burnished his reputation by prosecuting organized crime figures and white collar criminals. His newest assignment...