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...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 »

...first to be arrested and arraigned after he turned himself in to police in late May. He’s since been indicted on five charges including first-degree murder, and he pleaded not guilty to all the charges. Police say that Copney, an aspiring songwriter, pulled the trigger on Cosby. Blayn “Bliz” Jiggetts, 19, was arrested in Harlem in early June and was arraigned in Manhattan over the summer but refused to return to Massachusetts voluntarily to face charges, which also include first-degree murder. Jason Aquino, 23, was the final suspect...

Author: By Crimson News Staff, CRIMSON STAFF WRITER | Title: TOP 10 NEWS STORIES OF 2009 | 12/31/2009 | See Source »

...ticket. "It's a knee-jerk reaction to get public attention, perhaps. And that's quite a good thing," says Ken Button, director of George Mason University's Center for Transportation, Policy, Operations and Logistics. Ultimately, he notes, it was the intervention of fellow passengers, along with a faulty trigger device, that brought Abdulmutallab down. "We do have to some extent [to] rely on individuals," says Button. "They should be reminded of this...

Author: /time Magazine | Title: Air Security Rules: Are We Any Safer? | 12/30/2009 | See Source »

...course, to American and British ears (not to mention taste buds), forcing the French off their horse habit sounds about as reasonable an idea as getting them to stop scarfing snails. (And that's without even factoring in the emotional aversion to seeing a loin of Trigger or fillet of Black Beauty served with pepper sauce.) But opponents of the Brigitte Bardot Foundation effort say there's more than just culinary discernment behind their desire to keep alive a tradition that some historians trace back to the early 1800s, when Napoleon fed his famished soldiers horses slain during the Battle...

Author: /time Magazine | Title: Saving Monsieur Ed? France's Horsemeat Debate | 12/30/2009 | See Source »

...small way, the system did work, because screening effectively forced the alleged bomber, Umar Farouk Abdulmutallab, to use a liquid chemical rather than a more basic or reliable detonator to trigger the powdered explosive that was sewn into his underwear and smuggled on board. And it turns out that pulling off such an explosion on a plane is no simple feat. "It's a bit more complicated than just putting a flame to the powder," says Jimmie Carol Oxley, the director of the Center of Excellence in Explosives Detection, Mitigation, Response and Characterization at the University of Rhode Island...

Author: /time Magazine | Title: Why It's Not Easy to Detonate a Bomb on Board | 12/28/2009 | See Source »

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