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...renegotiating mortgages, a new program goes into effect tomorrow (it was part of the housing bill passed over the summer) that uses up to $300 billion in FHA guarantees to encourage mortgage servicers to move people out of adustable-rate subprime loans into fixed-rate loans with lower face values. And if Treasury owned a few hundred billion dollars worth of mortgage securities, it could put pressure on servicers to renegotiate loans rather than foreclose on them...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...situation with student loans doesn't break down quite as neatly. Since the summer of 2007, 137 lenders have stopped funding federal loans, and 33 have suspended private programs, according to Mark Kantrowitz, publisher of FinAid.org and other financial aid websites. Part of that had to do with a cut in federal subsidies, but part was directly related to the credit crunch - issuers that pulled out tended to be those that packaged and resold loans, a market that has evaporated...

Author: /time Magazine | Title: The Credit Crunch: Where Is It Happening? | 9/30/2008 | See Source »

...third annual Stem Cell Summit held at the Medical School last week, University President Drew G. Faust cited four papers published this summer as evidence of the progress made at a time when federal funding for embryonic research has been constrained by a 2001 order by President Bush...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Scientists Create Safer Stem Cells | 9/30/2008 | See Source »

...After a summer without popcorn chicken, ranger cookies and Harvard fruit salad, students may have returned to those same dishes, yet something is amiss in the dining halls. The small cards that used to detail each food’s caloric content no longer accompany every dish. This act of removal has omitted an ineffective way of keeping healthy. This removal is a relief to those who worry that the excessive attention to the number of calories in a dish exacerbates unhealthy eating habits. Furthermore, the cards were an ineffective way of maintaining healthy eating habits, given that caloric content...

Author: By The Crimson Staff | Title: Count Us Out | 9/29/2008 | See Source »

...Living in a Box.” We’ve built up our quads so we can climb to our eighth-floor garrets with comparative ease. We’ve even learned the warning signs of consumption in case things should take a turn for La Boheme. Each summer, we intern in art studios and theaters and support ourselves by waiting tables. At lunch time, we sit in the park and gaze longingly as our classmates walk by in their business suits, jingling gold coins in their pockets and throwing Rolexes to the squirrels...

Author: By Alexandra A. Petri | Title: Follow Your Dreams! | 9/29/2008 | See Source »

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