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...program also had trouble getting off the ground. The Term Asset-Backed Securities Lending Facility, which is designed to spur trading in securitized consumer loans, has gotten off to a slow start, attracting only a handful of applications during the two-day window for participation this week. The total size of the deals fell well-short of the $200 billion the Federal Reserve initially made available for the program, let alone the $1 trillion to which the Fed eventually raised the ceiling...
...turns out that when women used surrogation info from a fellow student to make their own predictions, they were significantly more in tune with their real-life enjoyment. Compared with browsing a man's photo and profile info, using other female students' opinions of that man "reduced the size of the affective forecasting error...
...five residents of Adams A-47 turn their room into Heaven as part of the annual Adams Heaven and Hell party. Four bedrooms, one of which is a double, surround the 400 square foot common room. The spacious bedrooms make up for the suite’s smaller size. This year’s inhabitants love the suite so much that they are hesitant to welcome newbies. “We might let the bar stay if next year’s residents give us a good offer.” says Nicholas K. Tabor...
...there are all the houses it has to repossess as people stop paying their mortgages. The company now owns about 30,000 homes. Maintaining these houses costs about $3,300 a month each, and that comes on top of the loan loss, which is typically about one-third the size of the mortgage. Wave goodbye to another billion...
...newsroom of the Seattle Post-Intelligencer was not the usual cacophony of clacking keys, phone interviews and news meetings. Instead, it was the sound of reporters putting to bed their final stories, sifting through receipts to prepare their final expense reports, feeding years of reporting notes into an industrial-size shredding bin and tidying away the mementos of their P-I careers in cardboard boxes. Some were on the phone, of course, but this time, they were the story that others were writing. "Hey," said business reporter Dan Richman to a colleague on the phone. "We're closing." (Read about...