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...decision - made him a local star. After that, energy alone seemed to carry him through six inconsistent years, a period in which he still managed to win two world titles in fights in Southeast Asia. Finally, a Cinderella-like twist got him noticed in the U.S. market. In June 2001, Pacquiao stepped in as a last-minute replacement at a fight in Las Vegas to win the IBF super-bantamweight title by TKO. Soon after, he walked into the Wild Card Gym in Hollywood and met the owner, Freddie Roach, who would transform the way Pacquiao fought. (See more about...

Author: /time Magazine | Title: The Meaning and Mythos of Manny Pacquiao | 11/16/2009 | See Source »

Will His Kingdom Come? Pacquiao crosses himself before digging into dinner amid the Corinthian columns of Capitale, an old bank turned party space, just about where Chinatown starts in Manhattan. It is early June, and he is there to receive his second Fighter of the Year award from The Ring magazine. Even as old palookas cuss up a storm, he prays before his meal. His mother says he was always "very disciplined and God-fearing" - taking after her, of course. Her front garden features a coral-lined altar to the Virgin Mary, and an entire shelf in her living room...

Author: /time Magazine | Title: The Meaning and Mythos of Manny Pacquiao | 11/16/2009 | See Source »

...another nadir: Tehran has blamed its unrest on Western meddling, and October's U.N.-brokered deal to reduce Iran's nuclear stockpile appears to be collapsing. Yet many Iranians no longer buy their leaders' anti-American orthodoxy. While the Nov. 4 displays of defiance were not as large as June's protests over the re-election of President Mahmoud Ahmadinejad, the persistence of such demonstrations is proof that much has changed since the Islamic revolution. The crowds at the former U.S. embassy chanted their traditional "Death to America!" but on other streets new antigovernment slogans were taking hold: "Either...

Author: /time Magazine | Title: The Moment | 11/16/2009 | See Source »

Taking an aggressive approach to the pandemic flu, the Chinese government in June asked 11 biotech companies to develop a pandemic H1N1 vaccine. Beijing-based Sinovac succeeded in developing the world's first approved swine flu shot. The company raced to conduct clinical trials and was the first to report that a single dose of vaccine, instead of the two doses that most flu experts believed would be necessary, was sufficient to protect against 2009 H1N1. In early September, China became the first country to begin swine flu inoculations...

Author: /time Magazine | Title: China Investigates Deaths After Swine Flu Shot | 11/15/2009 | See Source »

Still, the FHA is facing the same economic headwinds as every other mortgage-industry player. As unemployment rises, so do mortgage delinquencies. As of the end of June, nearly 8% of FHA loans were seriously delinquent or in foreclosure, according to the Mortgage Bankers Association - mirroring the rate for mortgages overall. Nearly 17% of agency loans were at least 30 days behind. (See 10 big recession surprises...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

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