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...jumbo-mortgage limit, rose 127% in the first ten weeks of this year compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise as high as 10%, leaving banks with yet another set of substantial write-offs...
...admissions statistics. This number does not include students who have chosen to defer admission a year, nor does it include students who will later be admitted off the waitlist. Dean of Admissions William R. Fitzsimmons ’67 said this year’s yield could even rise slightly above last year’s 78 percent once waitlist spots are offered, attributing the high figure to the College’s financial aid program, which the University has pledged to honor despite an “unprecedented economic downturn.” According to Fitzsimmons, the number...
...book, The Morning After, Katie Roiphe ’90 traced the rapid rise of movements like Take Back the Night at Harvard as well as the culture surrounding this increased “awareness.” Roiphe argued that women must take at least some responsibility for what goes on in her sexual interactions, in light of the active role they tend to play in their own day-to-day lives. For the most part, Roiphe’s observations were dismissed as anti-women...
...Issue Set His party could be too. Hispanics, Asians and blacks are on track to be the majority in three decades; metropolitan voters and young voters who skew Democratic are also on the rise. This is why Rogers recently decided to quit being a talking head: "I had a meeting with myself, and I said, Do we really need more white lobbyists with gray hair on TV?" But it's not clear that more diverse spokesmen or better tweets can woo a new generation to the GOP; support for gay rights is soaring, and polls show that voters prefer Democratic...
...pictures of the rise and fall of the Berlin Wall...