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...neither carrot nor stick to do what's right in this emergency, and indeed, many banks, including JPMorgan Chase, Citigroup and Wells Fargo, have already instituted loan-modification programs (if only, critics say, to head off any government-imposed solution). "We've always been committed to foreclosure outreach," says Joe Ohayon, vice president at Wells Fargo Home Mortgage, one of seven lending institutions that voluntarily took part in the Miami Gardens clinic and have won praise from Miami Gardens officials. "And we're just as committed to working with the cities, because they're viewed [by borrowers] as a trusted...

Author: /time Magazine | Title: Grass-Roots Efforts Aim to Ease the Foreclosure Crisis | 11/20/2008 | See Source »

...Riding the Pendulum I generally agree with Joe Klein that Obama's win presents a significant swing to the left, and from the bottom up [Nov. 17]. But I do not think the country is ready for an activist government with a much more liberal agenda than we have seen in recent decades. This election result was largely a reaction to an ineffective conservative Administration. Obama and a Democrat-dominated Congress will be wise to maintain some moderation in their policies, or they could provoke a shift back to the right. Mike Hall, Boise, Idaho...

Author: /time Magazine | Title: Inbox | 11/20/2008 | See Source »

...Georgian weekend war this summer, and amid the usual bellicose speechifying by Russian leaders, finding common ground between Russia and Europe will not be easy. But it is important to make a start, because the risk of alienating Moscow is a real and dangerous one. And as Joe Joffe argues in the accompanying essay, when talking to Russia, Europe is stronger than its behavior would often suggest...

Author: /time Magazine | Title: Europe's Road Ahead | 11/20/2008 | See Source »

...Joe Klein's "Passing the Torch" was a tonic for me [Nov. 17]. During the Republican National Convention, when Rudy Giuliani sneered that he didn't even know what a community organizer is and Sarah Palin--with sarcasm that made my skin crawl--remarked that she guessed that a "small-town mayor is sort of like a community organizer, except that you have actual responsibilities," the insult was personal and deep. For the first time in my life, I donated financially to a political campaign--Obama's. My mother, a beloved longtime community organizer, has been gone for 10 years...

Author: /time Magazine | Title: Inbox | 11/20/2008 | See Source »

...President-elect Barack Obama can forgive, so can we.' THOMAS R. CARPER, Democratic Senator from Delaware, on allowing Senator Joe Lieberman of Connecticut to serve in the Democratic caucus despite Lieberman's campaigning for John McCain...

Author: /time Magazine | Title: Verbatim | 11/20/2008 | See Source »

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