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...relief, such as revising interest rates and other mortgage terms. This month, in advance of the Dec. 1 deadline cities face for submitting plans for their NSP funds, Miami Gardens councilman Andre Williams sent the Bush Administration a request to permit the city to use a "carrot-and-stick approach." "Can we," Williams asked, "steer our NSP funds to banks that promise to modify loans of homeowners threatened by foreclosure in our community and ignore banks that do nothing...

Author: /time Magazine | Title: Grass-Roots Efforts Aim to Ease the Foreclosure Crisis | 11/20/2008 | See Source »

...Trade. During the election campaign, Obama, needing the support of labor unions and working-class voters, vowed a dramatic retreat from America's free-trade agenda. He opposes the U.S. - South Korea trade deal and promised "a change from the U.S. policy approach [toward China] of the past eight years," including possible new restrictions on Chinese imports. The deteriorating American economy and job picture will make it nearly impossible for Obama to shift and become a free trader. Yet a regionwide free-trade area will eventually be Asia's future. Obama needs to embrace that, while simultaneously investing in American...

Author: /time Magazine | Title: Learning Curve | 11/20/2008 | See Source »

...turned to an anti-gay marriage slant, gay rights activists cease to be tolerant of the democratic process. Cue the banners decrying opponents as hateful and intolerant. Is this unfortunate divide what activists seek? Certainly that sort of culture of separatist intolerance is what arises when advocates take this approach...

Author: By Lucy M. Caldwell | Title: Misguided Activism | 11/19/2008 | See Source »

...getting face time with America's rising political star proved more difficult. In New York, Notchi tried so hard to approach Obama at front of the Hammerstein Ballroom, where he was attending a Billy Joel and Bruce Springsteen concert, he had guns pointed at him by policemen. He went to Obama's house in Chicago, but ended up being taken to a police station for questioning. (The director and the camera crew ran away when he got caught). Finally, three weeks before the election, his luck turned at a rally in St. Louis. The crowd was a 100,000 strong...

Author: /time Magazine | Title: Almost Famous: Japan's Obama Impersonator | 11/19/2008 | See Source »

...ships aren't too difficult to capture. Commercial shippers - and many ports - generally frown upon if not ban crews from carrying weapons. So when bands of pirates approach a target ship at high speed with machine guns and RPGs blazing, there's little fighting back that the crew can do. Reports to the International Maritime Bureau on hijackings detail crews using water shot from fire hoses, evasive maneuvers that sometimes generate waves to keep the pirates at bay and "Mayday" calls to other ships as the key defenses against pirates...

Author: /time Magazine | Title: Defending Against the Pirates | 11/19/2008 | See Source »

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