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...investment bank Credit Suisse, shows - unsurprisingly - that when modifications involve lower monthly payments, borrowers have much more of a fighting chance. One report, looking at modifications made to a pool of sub-prime loans, found that 44% of loans with increased monthly payments were more than 60 days delinquent within eight months. After that same period, only 15% of loans that had received an interest-rate reduction and 23% in which the principal balance had been reduced were more than 60 days late. But oftentimes these more aggressive changes are not being made. White's study found that only...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...patients in more rural areas.” Ali decided to develop an implantable system that would recruit the dendritic cells by mimicking infection and inducing an immune response. With the new implants, 90 percent of mice with tumors survived, when otherwise they would have been expected to die within 23 days. The mice’s immune systems also recruited similar numbers of naturally present dendritic cells as are typically injected in reprogramming therapies, Huebsch said, suggesting that the implants are as effective as pricier therapies, potentially opening the possibility of treatment for many who now cannot afford...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Lower-Cost Vaccine Kills Tumors in Mice | 2/6/2009 | See Source »

...time when the White House faith-based-initiatives office created by George W. Bush has precious few supporters on the left or right, President Barack Obama is following through with his campaign pledge to expand its scope and influence within his Administration. Obama made that clear Thursday morning at the National Prayer Breakfast, announcing a new Presidential Advisory Council on Faith-Based and Neighborhood Partnerships that will weigh in on matters ranging from funding of social-service providers and poverty alleviation to the more controversial issue of abortion reduction. "The goal of this office will not be to favor...

Author: /time Magazine | Title: Obama Tries to Renew Faith in a Faith-Based Office | 2/5/2009 | See Source »

...statement caused an immediate uproar within the ranks of Obama's religious supporters, who pushed him to back off from the promise to undo Bush's Executive Order. He has not done so publicly, but several of them insist that Obama and his aides have given them private assurances that there will be no rapid movement to change the status quo with regard to religious hiring. If so, it would be a rare case of political ham-handness by the Obama team, because his secular supporters say they have been assured that the hiring change will take place...

Author: /time Magazine | Title: Obama Tries to Renew Faith in a Faith-Based Office | 2/5/2009 | See Source »

...Within weeks, a Wisconsin state attorney brought charges of reckless endangerment against Kara's parents, Dale and Leilani Neumann. The couple protested on grounds of religious freedom, but Judge Vincent Howard of Marathon County Circuit Court ordered Mr. and Mrs. Neumann to stand trial this spring. If convicted, each faces up to 25 years in prison. Unleavened Bread Ministries immediately released a statement saying the couple is being unfairly punished for the "crime of praying." (Read the top 10 religion stories...

Author: /time Magazine | Title: When Parents Call God Instead of the Doctor | 2/5/2009 | See Source »

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