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...guaranteed by Fannie and Freddie represent less than 20% of serious delinquencies. Private label securities - those packages of mortgages that were sliced and sold to investors - represent some 60% of serious delinquencies. Lockhart made an appeal for servicers of such securities to "adopt this program as the industry standard," but the extent to which that will happen is questionable, considering that servicers have an obligation to investors not to take unnecessary losses...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...Brown, a professor of medicine at Baylor College of Medicine and author of an editorial accompanying the study. "But it's not really ethical to tell postmenopausal women not to take vitamin D or calcium, because we know it protects against hip fractures." Future studies, he says, might compare standard doses of vitamin D with higher doses to determine whether the supplements have any effect on the cancer process...

Author: /time Magazine | Title: Can Vitamin D Protect Against Breast Cancer? | 11/12/2008 | See Source »

Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies...

Author: /time Magazine | Title: Why Canada's Banks Don't Need Help | 11/10/2008 | See Source »

...curtain parted to reveal a dimly lit stage dotted with dancers in an array of form-fitting shades, from subdued violet to loud magenta hues. First swaying in unison to composer Guy Klucevsek’s quirky, contemporary take on Victorian parlor music, the dancers soon moved into standard dance formations that were enlivened by energetic jumps and elegant attitude turns that landed in generous lunges. McCusker’s choreography settled well into the nooks and crannies of Klucevsek’s music as dancers shifted their motions to match a longing waltz, a confident tango-based string passage...

Author: By Monica S. Liu, CONTRIBUTING WRITER | Title: No Missteps at World Premieres | 11/10/2008 | See Source »

...first visit after the election was not promising: Roosevelt came for what he thought was a personal call at the White House on Nov. 22, 1932 - only to find Hoover's Treasury Secretary on hand to help the outgoing President deliver a lecture on the importance of the gold standard, the stability of the banking system and the problem of Europe's war debt. When it was over, Hoover judged Roosevelt to be "amiable, pleasant ... very badly informed and of comparably little vision." (See pictures of election drama...

Author: /time Magazine | Title: When New President Meets Old, It's Not Always Pretty | 11/10/2008 | See Source »

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