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...sunny day in the White House Rose Garden that President George W. Bush announced his plan to enable as many as 700,000 American families to avoid foreclosure amid a growing mortgage crisis. "I've made this a top priority to help our homeowners navigate these financial challenges," he said, "so that as many families as possible can stay in their homes." That was in the summer...

Author: /time Magazine | Title: Homeowners Ask: Hey, Washington, a Little Help? | 10/16/2008 | See Source »

...amid the shocking developments of the past few months, the dollar has surprisingly gained strength. It has rallied more than 16% against the euro since its trough in early July and made impressive advances against the Australian dollar, South Korea's won and other currencies. There's a fairly simple explanation for this: it's not that people want to own dollars, its just that they want to own the alternatives even less. There's certainly nothing mysterious about the dollar's recent strength against the euro. Between July 1, 2006, and July 1, 2008, the dollar lost 19% against...

Author: /time Magazine | Title: Why the Buck Has Pluck | 10/16/2008 | See Source »

...Together they have two sons: Rocco, 8, and David Banda, 2, a Malawian orphan they adopted last year amid controversy that they had violated international adoption laws. Madonna also has a 12-year-old daughter, Lourdes, whose father is her former personal trainer, Carlos Leon...

Author: /time Magazine | Title: Madonna and Guy Ritchie to Divorce | 10/15/2008 | See Source »

Reflecting the Rooseveltian view that "we have nothing to fear but fear itself," global stock markets rallied Tuesday for the second straight day, amid a flurry of government moves to prevent rocked financial and banking systems from collapsing. Less than a day after European leaders revealed a collective commitment of more than $1 trillion in capital injections and interbank loan guarantees, a 14% bound by Tokyo's Nikkei index led surges across Asia. Bourses in Europe also opened with renewed gains ahead of Wall Street's 3.8% opening spurt. Yet the burst of renewed confidence inspired sober observers to take...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

...quadrennial issue. Every presidential election finds college students wading through a swamp of murky laws and logistical hurdles to get into the polling booths. But this year, amid students' record interest - and record primary turnout - experts say many campus precincts are sorely unprepared to meet student demand. And laws passed after the 2004 election, ostensibly to clamp down on voter fraud, could cause a slew of new problems that disproportionately hit student voters. Which means the question in 2008 isn't whether young voters deliver. "It's can the young voters deliver?" says Matthew Segal, executive director of the Student...

Author: /time Magazine | Title: College Students Still Face Voting Stumbling Blocks | 10/14/2008 | See Source »

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