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Lenders often agree to loan modifications when borrowers run into trouble--one industry group says 315,000 home loans were modified in the first five months of this year. The Dodd-Frank plan aims to increase that number with help from the FHA. The agency would insure existing loans in...

Author: /time Magazine | Title: The Not-Quite Bailout | 7/10/2008 | See Source »

French Prime Minister François Fillon immediately convened a committee of both houses of French parliament to review and reintroduce the legislation for another vote, when whips will presumably insure a full turnout to gain passage. Despite public suspicion of GMOs, that shouldn't prove difficult, since the bill...

Author: /time Magazine | Title: Sarkozy Suffers Legislative Blow | 5/14/2008 | See Source »

The very appealing notion that genetic discrimination is unfair looks especially odd in the context of insurance. The idea of insurance is to protect against the unexpected or unlikely. Forbidding insurers to take predictable risks into account when choosing whom to insure and how much to charge is asking them...

Author: /time Magazine | Title: Genetic Discrimination: Unfair or Natural? | 5/8/2008 | See Source »

The Senate On April 10, the Senate passed the Foreclosure Prevention Act, which would give $6 billion in tax breaks to home builders--and to airlines and other struggling businesses. The bill would also increase the maximum mortgage limit that the Federal Housing Administration (FHA) can insure, to $550,000...

Author: /time Magazine | Title: Briefing | 4/17/2008 | See Source »

Fifteen years after he was nominated for an Oscar for his uncanny portrayal of Charlie Chaplin and seven years after his last of several well-publicized trips to either rehab or jail, Downey, 43, is finally claiming the career he was always meant to have, one befitting a fiercely talented...

Author: /time Magazine | Title: Robert Downey Jr.: Back from the Brink | 4/16/2008 | See Source »

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