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...there's more to the holdup than a bunch of big companies dragging their feet. As the GAO report points out, Treasury itself has taken its time - perhaps legitimately - in rolling out details of the program. Only in late April did servicers get guidance on how to handle second liens. In May came information about dealing with geographic areas where home prices continue to decline quickly. Other details, like the process for modifying loans insured by the Federal Housing Administration, continue to emerge. It seems that writing the fine print for a program meant to spend up to $50 billion...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

...compared with the shiny high-rises and modern factories surrounding it. When the boxy building first opened in 1980, the same year as the park, its first officials were key players in developing Hsinchu into the premier center for Taiwan's electronics industry. Today, though, the idea that a bunch of bureaucrats can engineer industrial progress seems as out-of-date as the tattered furniture in the office's dark hallways. Read "Taiwan Scores Invite to WHO Meeting...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

While Americans might believe these latest moves are helping put the Afghan war back on track, a report released on July 22 by the independent Center for Strategic and International Studies says much more needs to be done. This Washington-based think tank is no bunch of liberal do-gooders; it's run by John Hamre, a former Pentagon deputy secretary who also serves as chairman of the Pentagon's Defense Policy Board, which advises Gates on national-security issues...

Author: /time Magazine | Title: Lowering Expectations for the War in Afghanistan | 7/24/2009 | See Source »

...didn't have anyone before her. We were just a bunch of shrimp pickers that no one cared about." -Bill Menton, a retired state senator who remained under Dr. Benjamin's care despite being financially able to travel anywhere for treatment (New York Times, April...

Author: /time Magazine | Title: Regina Benjamin: Obama's Surgeon General Pick | 7/14/2009 | See Source »

...been written and said about the legendary fighter's struggles with drugs, alcohol, depression and even suicidal tendencies. But less is known about how Arguello brought his fighter's spirit to his later career in Nicaraguan politics, which, unlike boxing, is not a gentleman's sport. "Politicians are a bunch of crooks," Arguello told me in a 2007 interview, after serving three years as the Sandinista vice mayor of Managua. He referred to the mayor's office as a "snake pit." (See pictures of Colombia's guerrilla army...

Author: /time Magazine | Title: How Politics Took Down Nicaragua's Boxing Champ | 7/13/2009 | See Source »

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