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...they themselves would. People who live in areas with high foreclosure rates were also more likely to say they'd be willing to walk away. "Once you see everyone else doing it, maybe the stigma goes down," says Sapienza. "It's also possible that there's a multiplication effect: if I know other people are walking away, the value of my house deteriorates." Which then would create the problem anew...

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

...perhaps not surprising that Megawati, both a former President and daughter of the country's founding father, Sukarno, would begin to point fingers in the eleventh hour. Current Vice President Jusuf Kalla has also voiced concern over voter fraud. It remains to be seen, however, how much effect these complaints will have given that the elections are run by the General Elections Commission, an independent body known as the KPU. "This is an act of desperation," says Bara Hasibuan, a member of the Yudhoyono campaign team. "They should be asking the KPU and not pointing fingers...

Author: /time Magazine | Title: As Indonesia's Election Day Nears, Complaints of Fraud Grow Louder | 7/5/2009 | See Source »

...deceptively innocent name, wreaks havoc on the world's weather. Caused by an unusual warming of the eastern Pacific Ocean, El Niño can trigger storms, droughts and other weather disturbances around the planet, drying out normally wet areas and flooding dry parts. But there is a positive effect to El Niño: it tends to reduce the number of hurricanes forming in the Atlantic Ocean. El Niños produce stronger vertical wind shear - the difference in wind speed and direction over a short distance - in the Atlantic, which inhibits the production of hurricanes...

Author: /time Magazine | Title: El Niño Is Changing for the Stormier | 7/3/2009 | See Source »

Japanese and Korean researchers were the first to notice the El Niño Modoki phenomenon, before its possible effect on hurricanes really snapped into focus in 2004. That was an El Niño year, which led experts to predict a lighter than average Atlantic hurricane season. But it instead to turned out to be an El Niño Modoki, and overall hurricane activity was 2½ times as severe as normal, with 15 named storms and six major hurricanes. Florida was repeatedly battered. "We had a lot more storms than we expected, and that got us thinking...

Author: /time Magazine | Title: El Niño Is Changing for the Stormier | 7/3/2009 | See Source »

...Grucci Gold Split Comet Shell. There are 60 comets in a 6-in. shell; when the shell breaks, they leave a golden trail. Halfway through the burn there's a small charge, which breaks up the comets into dozens of pieces. It creates a golden Milky Way effect...

Author: /time Magazine | Title: The Art of Fireworks | 7/3/2009 | See Source »

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