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Under the IBR program, if students are still paying back college loans after 25 years, they will be eligible to have all debt erased (though, if the law stands as is, much of that remaining balance will be taxed as income). And if students go into a public-service career...

Author: /time Magazine | Title: New College-Loan Plan: Pay Back By What You Earn | 7/2/2009 | See Source »

Any notion that the invasion of Iraq was simply an oil grab took another hit on Tuesday when Baghdad opened the bidding on the rights to develop its massive energy reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

I had the rare opportunity in 2002 to take a road trip through North Korea. I had been invited into the country by Pyongyang along with several other foreign correspondents, and even though we rode in a modern bus, the journey itself was like going back in time. From the...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

Is democracy effective in India? there is always the inevitable comparison with China, which has progressed spectacularly in spite of a vast, impoverished population and an absence of democracy. China's advantage is its far more homogeneous society and its single-party rule, which can easily suppress any social dissent...

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

Iraq is preparing to open its doors to foreign oil companies in a big way. Petroleum experts believe the war-torn country is underexplored and could potentially rival Saudi Arabia in oil reserves. And so the biggest names in the industry will put in bids for 20-year contracts on...

Author: /time Magazine | Title: A Chinese Lesson in Iraqi Oil Exploration | 6/26/2009 | See Source »

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