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...program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still, some analysts feel homeowners should be permitted to exercise the put - i.e., sell back the house at its original price - after three or four years. (See pictures of the global financial crisis...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

...become extremely clear to me since taking this role that there is a better way to structure this organization," said Reuss. "For the last three months our results have been on par with the industry. But I would have to say we have to accelerate our success in North America." Reuss also acknowledged that some of the pressure to get things done faster comes from the board of directors, led by former AT&T chief Ed Whitacre, who is settling into his role as GM's chief executive, and Wall Street veteran Steven Girsky, the UAW's choice...

Author: /time Magazine | Title: For GM, It's Two Steps Forward, One Step Back | 3/4/2010 | See Source »

According to Louis Cruise Lines, the owner of the vessel, the Louis Majesty was hit by three "abnormally high" waves, each more than 33 ft. (10 m) high, striking in clear weather and without warning. "We heard a loud noise, and it was the wave that hit us," Claudine Armand, a passenger from France, told the Associated Press Television News. "When we came out of [our room], we saw the wave had flooded everything." (See the top 10 scientific discoveries...

Author: /time Magazine | Title: Cruise-Ship Disaster: How Do 'Rogue Waves' Work? | 3/4/2010 | See Source »

...also a little cautious since she was one of three sound mixers nominated for Star Trek, and her speech had to represent them while they stood behind her wielding heavy metal statues. I was starting to understand that my goal for the speech - to be an attention-seeking jerk in front of millions of people - was different from that of most Oscar winners, who have complicated agendas they need to get across in 45 seconds. The only time I accomplished something this difficult in 45 seconds was in high school, and I had intended to make it last much longer...

Author: /time Magazine | Title: My Oscar Thank You Speech (for Sound Mixing) | 3/4/2010 | See Source »

Abair calls Cambridge the “core” of the Massachusetts biotechnology industry, explaining that Massachusetts is one of three biotechnology hotspots in the country, along with the San Francisco and San Diego areas...

Author: By Michelle B. Timmerman, CRIMSON STAFF WRITER | Title: Targeting the Cure: A Feature Film | 3/4/2010 | See Source »

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