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More recently, Foote and his colleagues have studied patterns of mortgage nonpayment, and found that in certain states there is a disproportionate number of people who suddenly stop making payments and never try to catch up. This, they surmise, might be an indication of walk-aways - as opposed to struggling borrowers desperately trying to stay in their homes, making payments when they can. The states with more sudden stops are California, Florida, Nevada and Arizona - places where property prices have plummeted and more than 30% of homeowners are underwater. "That's consistent with the idea that there should be more...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...Parents in Britain have long held "chicken pox parties" at the beginning of summer so that children could catch the disease at a convenient time. But recent chatter on various Internet sites has health officials worried that parents are planning similar events for swine flu in order to make their children immune to the virus should it mutate into a more lethal form. In a statement on Tuesday, Sir Liam Donaldson, Britain's Chief Medical Officer, said such parties were the result of "seriously flawed thinking." (See pictures of swine flu hitting Mexico...

Author: /time Magazine | Title: Swine Flu in Britain: Nothing to Party About | 7/3/2009 | See Source »

...amazed by the double standard being used for Sotomayor. George W. Bush suspends constitutional rights to catch terrorists and is labeled evil and un-American. Sotomayor suspends constitutional rights to catch sex offenders and is said to be "empathetic" to the problems of police officers. Is it acceptable or unacceptable to ignore constitutional rights? Bryan Smith, Tucson, Ariz...

Author: /time Magazine | Title: Inbox | 6/29/2009 | See Source »

...Chiarelli and director Anne Fletcher put her through a film-length rehab of tough love. You just know that her early nastiness will require a public confession and that if she mentions she can't swim, she will get embarrassingly wet. But through all the creaky scaffolding, one can catch glimpses of the fine comedy this could have been - if only the characters weren't cardboard, the plot not a course in corrective behavior. Reynolds has a gentle, manly appeal, and Bullock, when Margaret cracks into humanity, lets her charm radiate like a lighthouse beam over a sea of sludge...

Author: /time Magazine | Title: Sandra Bullock Should Have Said No to The Proposal | 6/29/2009 | See Source »

When the trial of four men accused of being involved in the 2006 murder of Russian investigative reporter Anna Politkovskaya ended in acquittal in February, many, including Politkovskaya's family, were relieved. It meant the investigation into the crusading journalist's shooting would continue and, they hoped, would finally catch the real culprits: the person who ordered the assassination and the person who pulled the trigger. But on Thursday, Russia's Supreme Court overturned the acquittal and ordered a retrial, sparking fears that a guilty verdict the second time around will end the search for Politkovskaya's killers...

Author: /time Magazine | Title: A Russian Reporter's Murder: Will a Retrial Bring Justice? | 6/26/2009 | See Source »

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