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...raises some doubt about the approach the Obama Administration has taken toward stabilizing the housing market. The current approach focuses on whether or not homeowners can afford their monthly payments, and largely ignores the fact that some 20% of homeowners owe more than their house is worth - a situation known as negative equity, or being "underwater," which, according to the paper's findings, may itself trigger default...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

Uttering refers to the use or circulation of bills or documents known to be counterfeit with the intent to defraud...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Accountant Accused of Stealing Nearly $780,000 from Harvard Hillel | 7/7/2009 | See Source »

...Attorney General's release referred to Harvard Hillel. She said that there was "no delay in [Hillel's] taking the appropriate course of action" upon discovery of the irregularities, and that Hillel immediately hired legal counsel to explore possible responses. Lawyers had advised Hillel not to make the discoveries known to the public until now in order to avoid compromising the Attorney General's investigation, she said...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Accountant Accused of Stealing Nearly $780,000 from Harvard Hillel | 7/7/2009 | See Source »

...bulls began as a way to move bulls from Pamplona's corral to its bullfighting ring. The animals would run the roughly half-mile stretch as children and adults herded them with shouts and sticks. The practice may date back as far as the 13th century, but it is known to have continued virtually uninterrupted since 1592, when the festival was moved from September to July. People are thought to have joined the herd sometime in the 1800s. (See pictures of Spain's Semana Santa festival...

Author: /time Magazine | Title: A Brief History of the Running of the Bulls | 7/7/2009 | See Source »

...When I was born, segregation was still the law of the land in parts of America, and my father's Kenya was still a colony," he told the graduating students. "When you were born, a school like this would have been impossible, and the Internet was only known to a privileged few. You get to decide what comes next...

Author: /time Magazine | Title: Obama Treads Lightly on Democracy in Russia | 7/7/2009 | See Source »

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