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...effort being spent on whipping companies into shape, though, there is much less energy going toward addressing the changing nature of foreclosure. HAMP was crafted to deal with the effects of the housing bubble: excessively easy credit let people buy homes they couldn't really afford and often with loans that carried spiking interest rates and payments...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...fall 28%, was planning to spend more than $1 billion on advertising, incentives and "incremental" production, starting in the fourth quarter. "You can't save your way through a recession; you've got to sell," Carter told reporters recently. The question now is whether consumers will still want to buy...

Author: /time Magazine | Title: Toyota's Big Recall Unlikely to Quiet Critics | 12/4/2009 | See Source »

...both houses of Congress would do some things well. It would cover almost all of the roughly 33 million legal residents of this country who now lack health insurance. And a vast expansion of Medicaid, coupled with billions of dollars in subsidies to help low- and middle-income Americans buy insurance, would help ensure that most people end up spending less on their health bills, according to a new analysis by the Congressional Budget Office (CBO), Congress's independent scorekeepers. (See 10 players in health-care reform...

Author: /time Magazine | Title: Health Care Reform: What Happened to Cost Controls? | 12/4/2009 | See Source »

...called the Rhizome Collective succeeded this year in getting the city to approve what may be the first legal composting toilet in the U.S. "The hypocrisy is amazing," says Lauren Ross, 54, a civil engineer involved in Rhizome's four-year battle to get a permit. "The city will buy you a low-flow toilet, but they'll fight you all the way if you want to build one that uses no water...

Author: /time Magazine | Title: Humanure: Goodbye, Toilets. Hello, Extreme Composting | 12/4/2009 | See Source »

...time period they indicated before going, and they must give details of where they are staying to camp administrators. Dharmeshwaran went to Vavuniya to find a temporary job. "I can earn some money when I get back," he says. The camps provide basic supplies, but "if we want to buy anything extra it is very expensive." Others had come out to seek medical treatment, locate relatives or meet family members in government run rehabilitation centres for former Tigers...

Author: /time Magazine | Title: Under Global Pressure, Sri Lanka Opens Camps | 12/3/2009 | See Source »

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