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...Tuesday, July 28, executives from firms such as Citigroup, JPMorgan Chase and Wells Fargo were invited to a meeting at the Treasury Department for a little pep talk about increasing the number of loan modifications. Officials at Treasury, along with the Department of Housing and Urban Development (HUD; co-host of the head-knocking session), have been underwhelmed by the rewrites. The government's original goal was to get more-affordable monthly payments to 3 million to 4 million borrowers. As of mid-July, modification offers had gone out to 350,000 borrowers, but only 180,000 trial mods were...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

...home-stay, trash is sorted into 18 categories, which range from burnable waste, to metallic trash, to used tempura oil. City residents divide up their own waste and deliver it to nearby collection stations on designated days. This means that every second Thursday of the month, my host parents transport their plastic waste to the collection site near city hall – except, of course, on the second Thursday of an even-numbered month, during which plastic bottles, and not common plastics, are collected. Before they do this, however, they must drive to the nearby supermarket to purchase city...

Author: By Kevin Martinez | Title: Sorting Out My Trash | 7/29/2009 | See Source »

While originally intended to reduce the amount of landfill waste in land-scarce Japan, these stringent regulations have also managed to reshape many residents’ views about trash and wastefulness. When doing groceries, my host mother seeks products with minimal wrapping—hoping to avoid the hassle of having sort through these later. My host siblings diligently wash out their plastic soda bottles before dumping them in the appropriate bin; they now tend to opt for milk when thirsty—it’s easier to dispose...

Author: By Kevin Martinez | Title: Sorting Out My Trash | 7/29/2009 | See Source »

...being part of a certain clan and possessing a certain last name are not the products of lineage. The aftermath of the Rwandan genocide exemplifies why. After the barbarous bloodbath 15 years ago, the Bugandan territory played host to an influx of Rwandan refugees. But rather than integrate, the displaced peoples assimilated in the most extreme way, Maureen told me—they adopted the surnames of Bugandan people. And even in this exaggerated case, the same social rules would (and did) apply to Rwandan immigrants who took on Bugandan surnames...

Author: By Ahmed N. Mabruk | Title: What's in a Surname? | 7/29/2009 | See Source »

Gates "reminded his host that we have all sacrificed too much in blood and treasure to see the gains of the last few years lost due to political differences," Morrell said...

Author: /time Magazine | Title: Gates: Some Troops May Leave Iraq Early | 7/29/2009 | See Source »

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