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...rental program, but even with that imported expertise, the number of people who wind up as tenants probably won't be large. There are many alternatives that must be pursued first, including loan modification and trying to sell the house for less than it's worth. Only people who exhaust other options and are eligible for a deed in lieu of foreclosure - a process of handing over the deed in exchange for loan forgiveness - will have the option to rent. In the first nine months of 2009, Fannie Mae executed just under 2,000 deed-in-lieu transactions - the pool...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...bagless vacuum cleaner, would devise a bladeless fan. Since the invention of the electric fan in the late 19th century, the air-stirring apparatus has not changed in any significant way - a quick Google Images search suggests that every model from the classic 1950s table fan to the industrial exhaust fan to a Batman-inspired fan has one consistent, characteristic feature: rotating blades. But Dyson did away with those, replacing them with a graceful ring set atop a cylindrical base. In essence, the device works like a vacuum cleaner in reverse. The motor in the base of the fan sucks...

Author: /time Magazine | Title: Dyson's Bladeless Fan: Worth the Hefty Cost? | 10/21/2009 | See Source »

That might make Costa Rica technically carbon-neutral, but it would still leave venues like the capital of San Jose "choking" with factory pollution and Central America's notoriously black bus exhaust, says Roberto Jimenez, a Yale MBA who recently started the activist group co2neutral2021.org. "If there is a country in the world that can [achieve carbon neutrality], it's Costa Rica," says Jimenez, but he warns that the country's emissions "continue to grow unchecked." The Arias government is toying with the lofty idea of building a super-modern, solar-powered monorail system in the capital to acheive carbon...

Author: /time Magazine | Title: Costa Rica's President: It's Not Easy Staying Green | 10/10/2009 | See Source »

...communities denser and also make driving distasteful in one way or another. New Yorkers don't drive, because it's extraordinarily frustrating to have a car in Manhattan. New Yorkers look at the traffic jams and think, We need to get these cars moving - they're sitting there spewing exhaust. But in fact, traffic jams are environmentally beneficial because they're the reason you go down into the subway. If the cars were moving, you'd be in one of them...

Author: /time Magazine | Title: Why New York City Is Greener Than Vermont | 9/24/2009 | See Source »

...microns in diameter - with higher rates of heart disease and stroke, it wasn't clear exactly how the particulates did their damage. Nor was it clear which of the many components of urban air were the most hazardous - the fine particulates from burning fossil fuels that come from exhaust pipes, or the ozone gases that permeate most densely packed city streets...

Author: /time Magazine | Title: How Air Pollution Can Damage the Heart | 9/9/2009 | See Source »

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