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...troubles began, as you've already heard a thousand times, with the boom earlier this decade in subprime mortgages, unconventional home loans sold to people with dodgy credit or with incomes that just weren't big enough to buy the house they wanted. In what you might call a virtuous circle--except that far more greed than virtue was at work--lower lending standards helped fuel an unprecedented rise in house prices, and those rising prices meant borrowers could refinance their way out of any trouble they had making payments...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...because of his innate knowledge of the character of wood. He can discern the weight, pliancy and even the width of the rings of a piece of wood by look, feel or the knocking sound it makes. He can harvest a dozen or so promising blocks out of a thousand he might examine--and then transform them...

Author: /time Magazine | Title: Isokazu Kubota | 3/20/2008 | See Source »

...just a blast,” Stack-Babich says. “There were a bunch of major league and minor league guys we were playing with from all over the globe.”While it took a few years and a few thousand miles to find it, Stack-Babich now seems to have the self-assurance that he was missing in his first two seasons with the Crimson.“I feel much better,” he says. “You don’t realize till you lose it, but so much of this...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Finding The Power Within | 3/20/2008 | See Source »

Imagine this: two of the nation’s top collegiate women’s hockey programs facing off in the 2007 NCAA quarterfinals. Two Patty Kazmaier award winners trying to lead their team to the Frozen Four. More than five thousand fans in attendance.No wonder it took four overtimes to settle the score.Now imagine the heartbreak when Wisconsin forward Jinelle Zaugg finally put a puck past Harvard goaltender Brittany Martin after more than 127 minutes of scoreless play.The Badgers went on to win a national championship. The Crimson went on to spring break.Tonight, No. 1 Harvard...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Semi-Final For Revenge, Season | 3/20/2008 | See Source »

...United States’ “coalition of the willing” invaded Iraq five years ago, one thousand Harvard students walked out of their classes in protest. What has happened since then? In the war, 1.6 million U.S. troops have been deployed. Four thousand of them have been killed and 60,000 have suffered wounds, injuries or serious disease. More than 300,000 servicemen and women have been treated for medical problems at VA hospitals and clinics, including 68,000 diagnosed with post-traumatic stress disorder (PTSD). Hundreds of thousands of civilians have died in Iraq, and millions...

Author: By Linda J. Bilmes, CRIMSON STAFF WRITER | Title: The Cost of War | 3/18/2008 | See Source »

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