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...future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...expiration date draws closer - similar to what happened in the weeks leading up to the first expiration date. But not all experts are on board. Jay Brinkmann, chief economist with the Mortgage Bankers Association, says he would not like to see the program extended a second time. "They work best if they're somewhat rare and short-lived," he says of such programs...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...housing market overall is starting to stabilize and move a bit sideways but certainly is not on the upswing," says Heather Fernandez, vice president of Trulia, a real estate research firm. "Our best guess is that the market continues to move sideways in 2010 and we start to see recovery in sales and prices in more markets across...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...reluctant to buy new mortgage loans if there's a chance the principal will wind up being reduced down the line. "The returns would have to rise to incorporate this risk," says Curran. "Either they'll have to be compensated or they won't participate." (See the best business deals...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

...most foreigners, however, Aceh's main attraction is its stunning natural heritage, starting with beaches like Lampuuk. Just outside Banda Aceh, it has a bay with golden sand and crystal waters. Weh Island, a short ferry ride away, ranks among the region's best dive spots. While skimpy swimwear is definitely out, alcohol is sold - discreetly - to non-Muslim guests at a few beach resorts and Banda Aceh hotels. A bigger problem, admits one tourism official, is the cannabis that grows in abundance in Aceh's hills and unerringly finds its way to beaches where foreign surfers congregate...

Author: /time Magazine | Title: Keeping the Faith in Banda Aceh | 3/25/2010 | See Source »

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