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...What's more, a new "Adverse Market Fee" recently instituted by lenders for borrowers with less than perfect credit (regardless of the market) could raise the cost of a loan another half a percentage point - or an additional $70 a month on that same $200,000 loan - for nearly 20% of Americans. "For individuals looking to buy a home this is going to be just one more obstacle in their way," says Barry Ziggus, who tracks housing issues for the Consumer Federation of America...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

...chairman of investment bank Goldman Sachs, cited the public school system as an area in which nonprofit work could make a difference, saying the government has failed “miserably.”Whitehead called on the panel’s audience members to participate in social enterprise regardless of their economic status. “You don’t need a lot of money to make a difference in the nonprofit world,” Whitehead said. “Nonprofits can benefit from your expertise and your advice towards solving complicated problems...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Summit Talks Economy | 10/15/2008 | See Source »

...educators into its classrooms—a logical response to the large body of empirical research that suggests that teacher quality is one of the most important factors in students’ success. Whether or not this bold experiment in education will prove successful remains to be seen. But regardless of the outcome, The Equity Project—the brainchild of recent Yale graduate Zeke M. Vanderhoek—represents a sharp rebuke to the culture of complaisance and mediocrity that has paralyzed the American education system. Obviously, these prodigious salaries, which are about two and a half times...

Author: By The Crimson Staff | Title: The Real Risk Is Not Taking One | 10/13/2008 | See Source »

...still 40 minutes until departure and that her ticket specifically required passengers to arrive at the airport 30 minutes prior to the flight. The employee told her that the cut-off was actually 45 minutes, and that it was the passenger's responsibility to check the airline's website - regardless of what's printed on the ticket...

Author: /time Magazine | Title: Spirit Air Leaves a Family Deflated | 10/13/2008 | See Source »

While most of us thought that the purpose of the Nobel Prize was to recognize exceptional individuals—regardless of nationality—apparently, Engdahl has been keeping score. And although he toned down his statement in light of sharp criticism from Americans and insisted that the prize “is not a contest between nations but an award to individual authors,” his declaration of Europe’s literary hegemony reveals a subtextual but unmistakable nationalism—or at least, regionalism—in the consideration of today’s arts...

Author: By Emma M. Lind | Title: Demise of the Prize? | 10/9/2008 | See Source »

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