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...Wednesday, servicers praised the incentive structure, and Jamie Dimon, CEO of JPMorgan Chase, went on CNBC to say he thought the plan would "lead to a lot more modifications." An earlier effort to spark loan rewrites proved to be a flop, but the Administration thinks this new program could reach 3 million to 4 million homeowners. The plan also includes an endorsement of the idea that Congress might change the bankruptcy code to let judges write down mortgage debt - a not-too-subtle reminder that if the mortgage industry doesn't play ball with voluntary modifications, a more imposing solution...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...reading on the economy. Details of a meeting of Fed officials in late January reveal that they expect the economy to contract this year as much as 1.3%, a sharp downgrade from their expectation for modest growth in 2009, expressed last fall. The Fed also said that unemployment could reach 9% by the end of the year...

Author: /time Magazine | Title: Dow Hits Bleak Milestone: Below November Low | 2/19/2009 | See Source »

...pick Dev Patel, who was raised in the U.K., to play the lead? Why didn't you reach out to a Mumbai lad? Sree Reddy, PITTSBURGH...

Author: /time Magazine | Title: 10 Questions for Danny Boyle | 2/19/2009 | See Source »

...total tuition package including room and board will reach $48,868 from this year’s $47,215. Financial aid assistance is expected to increase 18 percent from $125 million in total financial aid output in 2008-2009 to a record $147 million...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Tuition To Rise 3.5% in 2009-10 | 2/19/2009 | See Source »

...opposed by a solid majority of Americans and by a majority of Republican congressmen even though it was being proposed by a Republican president. As a Republican senator vividly observed, if you gave someone a million dollars every day since the birth of Christ, you wouldn’t reach a trillion dollars until sometime after the year 2700. A stimulus package priced somewhere between $800 billion and $1 trillion was not an easy thing to grasp. By its nature, it was the biggest target that any simple-minded or cynical politician ever had to shoot at in the entire...

Author: By Clay A. Dumas | Title: The Glass-Is-Half-Empty Strategy | 2/19/2009 | See Source »

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