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...them, quite correctly, that home prices are critical to the finances of a large percentage of the people in America. After a decade or more of increasing consumer confidence which was built primarily on appreciating home values, most people, even those with jobs, are broke. They have what economists call "negative net worth", a condition which almost always leads to malaise...

Author: /time Magazine | Title: When Mortgage Assistance Does Not Work | 2/25/2009 | See Source »

...Making that calculation, of course, requires placing a dollar value on human life, which can mean getting into some sensitive areas. Sunstein has written in support of what some people call the "senior death discount," the statistical practice of taking into account years of life expectancy when evaluating a regulation. By that measure, for example, it would be harder to justify spending to correct an environmental hazard that posed more of a threat to the elderly than one that was more dangerous to children, who have many more years ahead of them...

Author: /time Magazine | Title: Why Obama's Regulatory Czar Makes Liberals Nervous | 2/24/2009 | See Source »

...thickly bearded cafeteria worker who blamed the Taliban for spreading fear and the army for alienating the population by inflicting a heavy toll in civilian casualties. "We hope that it doesn't fail." Like many locals, he was antagonized by the Taliban's violent methods but supports the call for Shari'a law. "The real issue was the courts," he says. "It took too long to get justice. People are fed up with this system. It's also corrupt." (See pictures of Pakistan's militant challenge...

Author: /time Magazine | Title: Can Pakistan Regain Control of Swat from the Taliban? | 2/24/2009 | See Source »

...critics have begun to question the trend. They call extradition an expensive, overused legal procedure and one that - like most drug-war tools - has failed to stem the flow of illegal narcotics into the U.S. "Every day we extradite more people, but the problem continues," says Maria Victoria Llorente, director of the Bogotá think tank Ideas for Peace. (While the U.S. says Colombia's cocaine production has decreased from 680 tons in 2002 to 535 tons in 2007, the United Nations says it has increased from 580 tons to 630 in the same period...

Author: /time Magazine | Title: Colombia's Drug Extraditions: Are They Worth It? | 2/24/2009 | See Source »

...meetings that day, the city's electricity - or "Maliki power," as the residents call it after Iraq's increasingly powerful Prime Minister - occasionally went down. No one was ever surprised; we would continue talking in darkness until a generator started up. According to the Brookings Institution's Iraq Index, in January this year average Baghdadis were getting 13 hours of electricity per day, up from seven in 2008. A lot of statistics suggest that life in Iraq is improving - though, in the case of electricity, the same index estimated prewar levels to be 16 to 24 hours...

Author: /time Magazine | Title: New in Town: How Baghdad Has Changed | 2/24/2009 | See Source »

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