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Whatever it takes, British Prime Minister Gordon Brown will be praying that the market stays afloat. Trailing in the polls behind the Conservative opposition, the last thing his beleaguered Labour government needs is a messy collapse of the housing sector. Labour was in opposition during the last slump, and has since invoked it as a peril of Tory government. To head off the worst this time, Labour ministers announced plans on May 9 to extend debt-advice services and free legal representation to those at risk of losing their homes. Yet just days later, as Housing Minister Caroline Flint entered...

Author: /time Magazine | Title: Trouble at Home | 5/21/2008 | See Source »

...couple of chances and follow a career path you might be less motivated to do so beforehand,” said Reed, who plans to focus on financial policy issues. According to Ellwood, Kennedy School students who graduate with debt are less likely to pursue careers in the public sector. The jobs students take, he said recently, are highly correlated to the amount of financial aid they receive as well as the debt with which they graduate. “We remain committed to the ideal that student debt must not inhibit the career choices of our graduates...

Author: By Lindsay P. Tanne, CRIMSON STAFF WRITER | Title: Rubenstein Gives $5M to K-School | 5/19/2008 | See Source »

...duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.” Two weeks later, he was hands-on, insisting, “We will combine the power of government and the private sector to find immediate solutions for deserving American homeowners...

Author: By Brian J. Bolduc | Title: The Maverick in the Arena | 5/19/2008 | See Source »

...rights abusers. But the country's generals don't have to see these tiny laborers build a golden temple for their Abode of Kings. That's because the generals are bunkered in another, faraway part of the city, in a vast military zone off-limits to foreign tourists - a sector that doesn't even exist on Burmese maps...

Author: /time Magazine | Title: The Burmese Rulers' Paranoid Home | 5/19/2008 | See Source »

...away with now. I think that they do want the population to be more creative and self-expressive. That's basically it. UEKRONGTHAM: Part of that relaxation could also be economically driven, because the government has expressly said that it wants to increase the GDP from the media sector by a certain percentage, and part of that is that they need to be seen as allowing freedom and creativity. TAN: Yeah, Singapore is quite uptight in some senses. But I think the government is realizing that. Education has a lot to do with that as well - the kids of this...

Author: /time Magazine | Title: Singapore Redux | 5/15/2008 | See Source »

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