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...certain practices that may have helped get us into the housing mess. For example, some state housing agencies are allowed to provide second mortgages to buyers who don't have enough money for a down payment so that they might "monetize" the tax credit and get the cash up front. Down-payment assistance is considered by many to have contributed to the crisis because it helped people buy homes they couldn't really afford. Anyone who doesn't understand that it's a bad idea to push people into buying houses when they're not ready to hasn't been...

Author: /time Magazine | Title: Should the Home-Buyer Tax Credit Be Allowed to Expire? | 9/28/2009 | See Source »

...Italians - may not be big in comparison to the 830 Americans killed. But as a proportion of numbers deployed, casualties have been significant. An incident like that in August last year, when 10 French soldiers were killed in a single Taliban attack, has a profound impact on the home front. "We cannot continue to remain ... where the [local] population is suffering and where we count our dead without asking ... what is France's role and interest," Socialist Party leader Martine Aubry said this month, a day after France lost two more soldiers. "In 2001, then in 2003, France joined NATO...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

...year into an epic of malfeasance: capital crimes on a national scale. With enough corporate villains to stock a hundred melodramas, who is the hero? The writer-director-star himself. There he is, attempting to make a citizen's arrest of AIG executives and parking an armored truck in front of one bank to reclaim the billions it received in government largesse. Of course the film is one-?sided; that's the nature of a political tract. But Capitalism is filled with vigorous vignettes that support Moore's case, in a movie that's as entertaining...

Author: /time Magazine | Title: Venice Film Festival: Films with a Mission | 9/28/2009 | See Source »

...Washington think tank. Strobe Talbott, the Brookings president, had asked the Federal Reserve chairman about the employment outlook. It took Bernanke 417 words to answer him, and his basic message was that the outlook wasn't so good. But along the way, he said two things that made front-page headlines the world over. "I've seen some agreement among the forecasting community at this point that we are in a recovery" was the first, and "From a technical perspective, the recession is very likely over at this point" was the second...

Author: /time Magazine | Title: The Moment | 9/28/2009 | See Source »

...actually learn about this alternative from his predecessor. In 2006, Obama co-wrote a column with Hillary Clinton for the New England Journal of Medicine in which the two, then Senators, called for grant money to support programs that encourage doctors to admit errors up front and compensate patients early and out of court. Their reasoning: open communication about mistakes helps prevent them from happening again, saving money--and lives...

Author: /time Magazine | Title: Spotlight: Malpractice Reform | 9/28/2009 | See Source »

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