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...trillion mortgage market may be small potatoes compared with the problems in the $60 trillion market for credit default swaps. "The systematic issues have come to dominate the discussion because it is not about who is behind on their mortgage anymore," says Ann Rutledge, co-founder of R&R Consulting, which helps investment firms value complex mortgage securities. "What we are worried about is the viability of our financial system...

Author: /time Magazine | Title: Homeowners Ask: Hey, Washington, a Little Help? | 10/16/2008 | See Source »

...Minister of Health Gudlaugar Thór Thórdarson agrees that Iceland has sustained a blow to its psyche, "especially when Gordon Brown uses antiterrorism laws against Iceland," he says, referring to the British Prime Minister's move to invoke an antiterrorism law to freeze Icelandic companies' assets in the U.K. "The people here not only suffer financially - it also makes us feel bad." Indeed, says psychologist Ólafsson," Icelanders have always seen themselves as an independent people, and now we simply can't be as self-sufficient...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Crimson staff writer Jessica R. Henderson can be reached at jhenders@fas.harvard.edu...

Author: By Jessica R. Henderson, CRIMSON STAFF WRITER | Title: La Famiglia A Capella | 10/16/2008 | See Source »

...from other schools in the Boston area, as well as community residents. The event featured speeches by prominent Harvard faculty supporters of Obama, such as Kennedy school lecturer Linda J. Bilmes, law professor Kenneth W. Mack, professor of international relations Joseph S. Nye, and government and sociology professor Theda R. Skocpol. “For the first time in four decades, America can go in a very promising direction or continue on a very, very sad path,” Skocpol said. Former Iowa governor and Fall 2008 Institute of Politics Fellow Thomas J. Vilsack, who also spoke...

Author: By Liyun Jin, CONTRIBUTING WRITER | Title: Obama Supporters Gather at OM | 10/15/2008 | See Source »

...honor on the soccer field, and back to the communities from which they come in the decrepit housing projects surrounding the Stade de France and other suburban stadia. On Tuesday night, the protest carried a sharper edge, given the fact that the anthem was being sung by Franco-Tunisian R'n'B artist Laam, whose own childhood was marked by poverty and hardship...

Author: /time Magazine | Title: Booing the Marsellaise: A French Soccer Scandal | 10/15/2008 | See Source »

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