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...reason for the expected jump, he says, is that in 2009 many lenders were under pressure from the Obama Administration to postpone repossessions until loan modifications could be made. However, many banks didn't have the staff to assess all their defaulted loans at the time, and he believes many of those will ultimately go into foreclosure...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

That targeted recruitment strategy is important, because the Census aims to put enumerators to work in the communities where they live. Part of the rationale is saving on transportation costs, but the bigger reason is to increase the chances that people will be willingly counted. "If people recognize you, they're more apt to open up and deal with you than if you're someone from the outside," says Maxwell Biggs, who manages Census recruiting in Florence, S.C. One of Biggs' challenges: hiring enumerators for two of the state's Native American tribes...

Author: /time Magazine | Title: Job Stimulus: Census Bureau to Hire 1.2 Million | 1/6/2010 | See Source »

Still, even these planetary finds are unlikely to be exact copies of Earth, and for a very simple reason. Kepler spots faraway planets by watching them transit, or pass in front of, their stars, blocking out a little bit of light and making the star slightly dimmer. The five planets just announced orbit very close to their suns, which is the reason they're so ridiculously hot. That proximity also means they move very fast, completing three or even more transits in the first round of observations - which is just the kind of data stream the Kepler team prefers...

Author: /time Magazine | Title: Five New Planets: The Kepler Telescope's on a Roll | 1/6/2010 | See Source »

...Still, some form of negotiating process will probably resume in the weeks and months ahead - if for no other reason than the fact that none of the players would have their interests served by acknowledging that the process as currently defined may be unable to produce a peace agreement...

Author: /time Magazine | Title: New Mideast Peace Talks: Back to the Treadmill? | 1/6/2010 | See Source »

...Irish media, a telex went to the wrong number.) Slovakian officials described the oversight as a "silly and unprofessional mistake" and apologized to the Irish. But in a statement from the Slovakian Interior Ministry, the government took exception to the arrest of the passenger: "[For an] incomprehensible reason, [the police] took the person into custody and undertook further security measures ... After explaining the situation, our citizen was released with no further consequences." (See the top 10 inept terrorist plots...

Author: /time Magazine | Title: Passenger Found with Explosives! (Sorry, Just a Test) | 1/6/2010 | See Source »

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