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...same time, the government's loan-modification program has been disappointing: the default rate on loans modified after the third quarter of 2008 was 61%, according to a report issued in December by the Office of the Comptroller of the Currency and the Office of Thrift Supervision. All of this is expected to trigger another wave of potential home foreclosures in 2010 and could cause home prices to fall another 5% to 10% before the market stabilizes, according to analysts and economists...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

...evolved their own uniquely complex system of punishment. Despite the centrality of the concept of punishment to human society, evolutionary biologists are stumped as to what selective pressure would have led us to punish people who have cheated or harmed not the person who does the punishing but a third party - even if that party is not a genetic relation. Some biologists suggest that punishers benefit from a boost in social status and are thus more attractive as mates...

Author: /time Magazine | Title: How Fish (Yes, Fish) Punish One Another | 1/7/2010 | See Source »

...client fish often swims away after being nibbled by the female, and the male wrasse loses his chance for lunch. This rationale, over the course of evolutionary eras, could have led to human society's more diffuse arrangements for punishment. "What we might be seeing is the origin of third-party punishment in human evolutionary history," Bshary says. The line connecting the male wrasse to our criminal courts may be a long and meandering one, but that doesn't mean it's not real...

Author: /time Magazine | Title: How Fish (Yes, Fish) Punish One Another | 1/7/2010 | See Source »

...wasn’t the Minutewomen’s shooting percentage that hurt Harvard. Rather, Massachusetts punished the Crimson on the glass as it earned second and third chances at the basket...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Crimson Sweeps Massachusetts Teams with Win over Minutewomen | 1/7/2010 | See Source »

...ever the good journalist, gathers string on marriage and love from various sources, including the humble Hmong women of North Vietnam, seagulls, a humble frog-farming family in Laos and her humble 96-year-old Grandma Maude back in Minnesota. (Gilbert practices humility with vigor, even when sweetly patronizing Third World cultures.) Her process is exhaustive, and the results are exhausting, though some of her points are astute. This slog through one woman's relationship angst feels, in the end, like much ado about nothing...

Author: /time Magazine | Title: After Eat, Pray, Love: Fret, Mull, Marry | 1/6/2010 | See Source »

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