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...Some 1.5 million U.S. homes fell into foreclosure in 2007, and the number will probably be even higher this year. Congress is debating a bill aimed at slowing this tsunami, but the window to act is rapidly closing. Next year the focus is likely to turn to preventing a rerun of the real estate debacle. An exact repeat is already unlikely; bleeding banks have toughened lending standards, and the Federal Reserve is tightening its mortgage rules, squeezing out most of those "no doc" mortgage mills...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...global warming, the concept of climate adaptation [May 5] should become universal. Let's not fool ourselves: we won't stop global warming, not in this century. Adaptation to climate change is the key to mankind's future and survival. While continuing our efforts to curb emissions, we should focus research and money on how to move agriculture north (Canada, Scandinavia, Siberia), fight tropical diseases as they spread to our higher latitudes, avoid and tax excessive air-conditioning, plan for shorter Arctic shipping - do everything to adapt to warmer temperatures and do it now! Nicolas Gessner, PARIS...

Author: /time Magazine | Title: The Shrinking Democrats | 5/14/2008 | See Source »

Members of Students for Choice said that they are concerned with this focus and what would be considered an “elective” abortion...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: Opt Out Fee for Abortion Urged | 5/14/2008 | See Source »

...ranch outside Riyadh. Bush will press the Saudi king on oil prices, though he's already played down the possibility of much change. He finishes the trip Saturday and Sunday in Egypt at a summit of Arab leaders, where Iran and the peace process will be the focus of talks...

Author: /time Magazine | Title: Who's Following Bush's Mideast Trip | 5/13/2008 | See Source »

...Clinton chose an incumbent's strategy, running on experience, preparedness, inevitability - and the power of the strongest brand name in Democratic politics. It made sense, given who she is and the additional doubts that some voters might have about making a woman Commander in Chief. But in putting her focus on positioning herself to win the general election in November, Clinton completely misread the mood of Democratic-primary voters, who were desperate to turn the page. "Being the consummate Washington insider is not where you want to be in a year when people want change," says Barack Obama's chief...

Author: /time Magazine | Title: The Five Mistakes Clinton Made | 5/8/2008 | See Source »

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