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...Walk Away Plan sounded pretty good to Paula Bond. A bookkeeper at a battered Florida construction company, she first heard about the plan on TV at 3 a.m., not long after her salary was cut in February by $100 a week and she realized she couldn't keep making her mortgage payments. Selling the house was hardly an option. Properties on her block were going for $135,000; two years ago, she'd paid $188,000. She had phoned her bank and tried to renegotiate the terms of her loan. "Every time I called," she says, "they gave me another...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

...never heard of a website called Kijiji, you're not alone. Named for the Swahili word for "village," this new classified service owned by eBay draws just 2.5 million unique visitors in the U.S. each month - less than a tenth of the visitors to Craigslist. Nonetheless, this seemingly inconsequential site with an oddball name is at the heart of a legal scuffle between eBay and Craigslist, in which the companies are suing each other for unfairly undermining their business. A quick glance at the global online listings market reveals why classifieds-king Craigslist is worried. While Kijiji is just...

Author: /time Magazine | Title: Taking Aim at Craigslist | 6/18/2008 | See Source »

...unspecified reasons, guitarist Neal Schon turned to the Web in search of talent. After two days of surfing on YouTube, he came upon clips of Pineda singing with his band, The Zoo, and nailing all the right notes in the toughest Survivor, Queen and Journey power ballads. "I heard his voice and my eyes got big," says Schon, who has been with Journey since its inception in 1975. "I thought, he can't be that good." Schon left his house, took a spin on his motorcycle to clear his head, and then contacted Pineda. At first, the singer thought...

Author: /time Magazine | Title: Journey's YouTube Lead Singer | 6/17/2008 | See Source »

...Hampshire alone this cycle, it's hard to track many interactions that had any real effect on his policy positions. The one major historical exception is global warming, an issue on which McCain has broken with his party, in part, he says, because of all the environmental concerns he heard at town halls during the 2000 campaign. But even if the town halls are less interactive than he claims, his praise of them cannot overstate their importance to his candidacy...

Author: /time Magazine | Title: Behind McCain's Town Hall Campaign | 6/16/2008 | See Source »

...inspiration to me, and gave me a graduate education in all things New York. Tim's favorite Moynihan story was about the time he had to pick up Pat at the Pierre Hotel in New York to take him to a dinner. Tim arrived at the hotel and heard the distinctive laugh, "Ah-ah-ah-ah-AH!" from inside the room. "Ah-ah-ah-ah-AH!" Just peals of laughter. Russert paused a minute, uncertain about bothering the boss. "Ah-ah-ah-Ah-AHH!" Finally, he knocked. "Moyns came to the door in his underwear," Tim recalled. "He'd been...

Author: /time Magazine | Title: 'He Was Loving This Election' | 6/14/2008 | See Source »

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