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...credit crunch has thus far focused on the residential mortgage mess. But with $1.3 trillion in loans to shopping centers and other commercial properties coming due between now and 2013, another time bomb is ticking. In a report scheduled for release on Wednesday, Deutsche Bank estimates that at least half the loans - and two-thirds of those packaged and resold as securities - will not qualify for refinancing. As a result, many borrowers will likely default, leading to losses on securitized mortgages of $50 billion or more and losses of at least $200 billion on commercial real estate loans overall, according...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

...special report on saving the world's endangered species...

Author: /time Magazine | Title: Jean-Michael Cousteau on Killer Whales | 4/22/2009 | See Source »

...Since these rules were implemented, the competition in both athletics and academics in American universities has intensified. According to a 2003 report by the NCAA, Division I-AA colleges, including Harvard, expanded annual athletics spending by ninety-one percent, from $3.94 million per school in 1993 to $7.53 million in 2003. The increase is dramatic even accounting for the rise of women’s sports during that period. A similar trend has occurred in academics. In 1993, the college accepted 15 percent of its applicants. Impressive by today’s standards, that rate is still more than twice...

Author: By Mark J. Chiusano and Hyung W. Kim, CRIMSON STAFF WRITERS | Title: Leaving the Locker Room | 4/22/2009 | See Source »

...transported to a medical facility. 4/15/09 1:29 p.m.—An officer was dispatched to the area of Boylston Street and Park Drive in Boston to assist state police with an individual who was attempting to break into another individual’s residence. The officer reported that the individual was placed under arrest by the state police. 4/16/09 10:28 p.m.—Officers were dispatched to Rosovsky Hall to a report of an individual locked inside the building. Officers reported that the doors were padlocked from the inside. Officers informed the individual to listen...

Author: By Emily J. Hogan, CRIMSON STAFF WRITER | Title: Police Log | 4/22/2009 | See Source »

...While much of the controversy over interrogation and detention practices at Guantánamo has centered on the CIA, the SASC report puts the spotlight firmly on the Pentagon - specifically on former Defense Secretary Donald Rumsfeld, his DOD lawyer Jim Haynes, his policy chief Douglas Feith, Guantánamo commanders Major General Michael Dunleavy and Major General Geoffrey Miller, and a raft of other DOD officials. It offers a detailed account purporting to show how these officials - some of them knowingly, others unwittingly - allowed SERE techniques to be used for interrogation. It suggests, too, that many SERE experts and military...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

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