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...paying so little each month that your loan amount grows larger, though hopefully your house's value rises faster) mortgages are on the rise. Such loans can pay off--if you sell within a few years at a profit. But if interest rates rise and home values stall or--gasp!fall, those borrowers may become overwhelmed by steadily rising payments. (Household monthly debt costs are already at an all-time high.) Even the bullish Lereah is concerned about the loose lending practices. Such trouble would have repercussions for the whole economy. If enough homeowners become swamped by their debts...

Author: /time Magazine | Title: America's House Party | 6/5/2005 | See Source »

...what he enjoys about being a playwright. Over a milky tea in a French café in south London, he talks about the thrill of tinkering with ever-evolving scripts, the comfort he gets from working with actors he respects, and the rush of hearing a laugh, or a gasp, from an audience lost in the drama he's created. In short, he says, "I'm a people person." Then he laughs. Because he knows how absurd it is for him, the bad boy of American theater, to speak in sunny, New Age banalities. And he knows that anyone familiar...

Author: /time Magazine | Title: It's So Good To Be Bad | 5/29/2005 | See Source »

...Angel,” however, might begin to cross the line of acceptability. I mean, who really wants to be an angel anyway? I would also say that regular usage of the jockish and chauvinistic “Babe” is grounds for a gasp, especially if he is comparing you to the cinematic pig. And even the charmingly anachronistic “Dear,” justifies a (quick) eyeroll...

Author: By Nicole B. Urken, CRIMSON STAFF WRITER | Title: DEAR NIKKI: Smoochin' and Surfin' | 5/16/2005 | See Source »

...they both do different things," Laidlaw says about books and video games. "But I have no question that they can be equally powerful. There are emotional responses a game will create that a book just simply cannot. Very rarely when I'm reading a book do I physically, literally gasp--even though that's an emotional response that writers would love to create...

Author: /time Magazine | Title: Larger Than Life: NOVELIST OF THE SCREEN | 5/15/2005 | See Source »

...device holds 3,000 songs and doubles as a phone. It can fetch tunes from mobile networks and wireless Internet connections; iPod can't. But the $910 price will probably turn off consumers unless mobile operators subsidize it. IDC analyst Paolo Pescatore wonders if the show was a "last gasp" effort to regain hipness. Nokia lost market share a year ago, but although it's been scratching back lately, growth in the handset sector is skidding. Ollila predicted Nokia will sell 40 million music phones this year, but for Nokia to win the music mantle...

Author: /time Magazine | Title: Bizwatch | 5/1/2005 | See Source »

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