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When the shortfall amount in question was $100,000, the walk-away responses accelerated at a faster rate. Some 7% of people said they would intentionally default when a $100,000 shortfall represented less than 10% of their house's value. Once that shortfall represented between 50% and 60% of...

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

The entire package was edited by editor-at-large Richard Lacayo, who also headed up last year's Making of America issue on Mark Twain. Deputy chief of reporters Andrea Dorfman and interns Rebecca Kaplan and Eric Dodds immersed themselves in F.D.R.'s career. Associate art director Andrée Kahlmorgan...

Author: /time Magazine | Title: Learning from FDR | 7/6/2009 | See Source »

With or without physicians' support, the idea may be creeping forward. Last week, De Brantes was part of a group of health-payment reformers invited to the White House to explain how bundling works. Meanwhile, the federal Centers for Medicare & Medicaid Services recently started a three-year demonstration project that...

Author: /time Magazine | Title: Cutting Health-Care Costs by Putting Doctors on a Budget | 7/6/2009 | See Source »

Democracy activists remain unconvinced. "The regime thumbed its nose at the entire U.N. system," says Debbie Stothard of ALTSEAN, a Southeast Asia-based network of activist groups campaigning for democracy and human rights in Burma. "It's time for the international community and the U.N. to take off the kid...

Author: /time Magazine | Title: Ban Ki-Moon Leaves Burma Disappointed | 7/5/2009 | See Source »

Even the notion of a fleet being maintained with an eye to going cheap on planes used for "poor" routes makes little sense, other experts say. "If you've established maintenance and safety operations for your fleet, it's going to be applied uniformly throughout," says Anthony Council, spokesman for...

Author: /time Magazine | Title: Does the E.U.'s Airline Blacklist Make Flying Safer? | 7/3/2009 | See Source »

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