News release: “The Congressional Oversight Panel today released its October oversight report, An Assessment of Foreclosure Mitigation Efforts after Six Months. The Panel expresses concern about the limited scope and scale of the Making Home Affordable program and questions whether Treasury’s strategy will lead to permanent mortgage modifications for many homeowners. Rising unemployment, weak home prices, and impending mortgage rate resets still threaten to cast millions of Americans out of their homes, with devastating effects on families, local communities, and the broader economy. One in eight mortgages is currently in foreclosure or default, and this crisis is estimated to produce 10 to 12 million foreclosures. While Treasury is still in the early stages of implementing its centerpiece foreclosure mitigation program, called the Home Affordable Modification Program (HAMP), the Panel has three concerns with the current approach.”
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Daily Archives: October 9, 2009
NYT Op Ed – A Library to Last Forever
Follow up to previous postings on the Google Book Settlement, this New York Times Op-Ed today: A Library to Last Forever, by Sergey Brin/Google: “Because books are such an important part of the worlds collective knowledge and cultural heritage, Larry Page, the co-founder of Google, first proposed that we digitize all books a decade ago,… Continue Reading
Cell Phone Radiation: Best and Worst Phones
Environmental Working Group (EWG) EWGs Guide to Reduce Cell Phone Radiation Exposure: “Cell phones emit radiation to send voice and text messages to the other caller. Health risks arent confirmed, but some (not all) studies of frequent cell phone users suggest increased risks for brain and mouth tumors and childrens behavior problems.” Best and Worst… Continue Reading
DOJ: Interim Review of ATF's Project Gunrunner
Interim Review of ATFs Project Gunrunner, Evaluation and Inspections Report I-2009-006, September 2009: “Mexican drug trafficking organizations (cartels) are a pervasive organized crime threat to the United States, according to the Department of Justices 2009 National Drug Threat Assessment. The cartels use firearms trafficked from the United States primarily from the Southwest border states… Continue Reading
