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...unemployment projected to hit 10.5% this year, the number of homeowners defaulting on their mortgages is expected to surge. At least $64 billion in option ARMs will reset in 2010 and another $68 billion in 2011, according to First American CoreLogic, a real estate and mortgage-data company. (See high-end homes that won't sell...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

...Last year accounted for a high 41 cases, but the researchers note that it's too early to say if the spike represents a trend...

Author: /time Magazine | Title: Threat of Homegrown Islamic Terrorism May Be Exaggerated | 1/6/2010 | See Source »

Dunia, a land of "palms and sweat and hot sauces" and stilt river villages, is clearly modeled after 1950s oil-rich, Anglophile Brunei. In Devil of a State a half-deaf U.N. adviser lives in the Residency, a version of the Bubungan Dua Belas, where British residents and high commissioners in Brunei lived until Brunei achieved full independence in 1984. Some streets in Bandar Seri Begawan retain their colonial names (Pretty, Stoney, McArthur), while the wooden House of Twelve Roofs is now a museum hung with photographs feting Brunei's "special relationship" with Britain. It helps to explain...

Author: /time Magazine | Title: Anthony Burgess's Take on Brunei | 1/6/2010 | See Source »

Nowadays, even a stray pair of tweezers or a bottle of saline solution can make a journey through airport security an unpleasant experience. So when Irish authorities were alerted on Tuesday that a man had passed through Dublin Airport days earlier carrying high-grade plastic explosives, it's not surprising that a large-scale security alert was triggered. The roads around the 49-year-old electrician's apartment in Dublin were cordoned off, and bomb-disposal experts searched the premises, turning up 3 oz. of the powerful explosive material RDX. The amount was greater than what Umar Farouk Abdulmutallab...

Author: /time Magazine | Title: Passenger Found with Explosives! (Sorry, Just a Test) | 1/6/2010 | See Source »

...Wings flight were not in danger - there was no possibility that the material in the man's bag could have exploded mid-flight. "On their own, this type of explosive does need to be combined with other elements to make it into a bomb, but obviously this type of high-grade explosive is potentially extremely dangerous," Commandant Gavin Young, an Irish Defense Forces spokesman, said in an interview with the Irish national broadcaster...

Author: /time Magazine | Title: Passenger Found with Explosives! (Sorry, Just a Test) | 1/6/2010 | See Source »

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