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...point out that while they're free to renegotiate the terms of mortgages they still own, the vast majority of troubled home loans have been securitized and are owned by a wide array of investors. Their permission is usually required for modification, and getting it can be a daunting task, which is why many experts have called on Washington to step in with some kind of mandated legal solution...

Author: /time Magazine | Title: Grass-Roots Efforts Aim to Ease the Foreclosure Crisis | 11/20/2008 | See Source »

...recently proposed a new E.U. coast guard. "The E.U. has to protect its borders," says Pavlopoulos. "And every member has to take part in that protection." Panagiotis Tzilas, coast-guard commander in Mytilene, says that saving lives should be the priority, but Greece alone can't cope with the task. "It's not a question of what we should do," says Tzilas. "It's what Europe wants to do. This is Europe's border...

Author: /time Magazine | Title: Greece's Immigrant Odyssey | 11/20/2008 | See Source »

...defensive back. And for the NFL-sized, 6’5, 225-pound Pizzotti, the summer meant more focused workouts on the things scouts typically look for, such as arm strength and mobility. This fall it’s been interacting with scouts while concentrating on the task at hand—beating Yale for the sixth time in seven years and winning a second consecutive Ivy League title.“During the season I just try to think about games,” Pizzotti says. “There are scouts at practice, scouts at games, you always...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: THE GAME '08: Making the Bigs | 11/20/2008 | See Source »

...institution where power and advancement require seniority. Shortly after the election, she lobbied Health Committee chairman Edward Kennedy and majority leader Harry Reid to create a health-reform subcommittee for her to chair and was turned down. Her consolation prize - to head one of three ad hoc task forces that Kennedy has created - would not allow her to put much of a stamp of her own on any final legislation that emerges. And if there's anything a First Lady who became a Senator would understand, it's that opportunities don't always come to those who wait for them...

Author: /time Magazine | Title: Why Obama Wants Hillary for His 'Team of Rivals' | 11/20/2008 | See Source »

...encounter with the pirates. "That is the scary part," says Cyrus Mody, manager at the International Maritime Bureau. "What exactly are [the pirates] doing so far south? If they are thinking of expanding their sphere of operations to such great distance, it is going to become an absolutely humongous task to get this thing under control. It does suggest that they are increasing their capacity to stay out at sea for a much longer period of time. They can just sit and wait until a vessel comes along...

Author: /time Magazine | Title: As Somali Pirates Get Bolder, Policing Them Gets Tougher | 11/19/2008 | See Source »

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