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...what would help him do his job, the thing he most wants from a lender when he sends in an application for a loan modification - asking for something like a reduced interest rate that could help keep a family in its home - is simple. "I just want to know someone is looking at it," he says. Often, that hasn't been the case. Banks simply don't call back...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...other measures that empower shareholders and outside directors are meant to shift that balance of power. At banks, meanwhile, pay is simply one more risk factor that regulators should keep an eye on. "Once you accept that government is already regulating the business decisions of banks, I don't know why this particular business decision to compensate should be exempted from intervention," Bebchuk says. (Watch TIME's video of Peter Schiff trash-talking the markets...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

...response to President Obama's efforts to solve the West Bank--settlement issue. Israel accepted $2.4 billion in aid last year from U.S. taxpayers, yet the Katz family and fellow settlers tell us to "butt out." Californians could use that money to ease our budget crisis, and we know better than to bite the hand that feeds us--even when it's our money in the first place. Doris Concklin, CARMICHAEL, CALIF...

Author: /time Magazine | Title: Inbox | 8/10/2009 | See Source »

...short-lived lead-acid batteries, this is the first with a lithium-ion battery that can power the Pon-e for up to 20 miles (32 km). And that's if you don't move your legs at all. Sam Jayme, a Trikke rep, points out that if you know what you're doing, you can get 100 miles (about 160 km) from it in a day. The battery snaps out, so you can plug it into an outlet in your home or office. Trikke estimates that it takes five hours for a full charge, which would add about...

Author: /time Magazine | Title: Tricycles for Adults | 8/10/2009 | See Source »

...living through a pandemic right now, but we don't yet know if the H1N1/09 virus--the new official name for what was first called swine flu--will sear the history books or merely strike us a glancing blow. In just a few months, H1N1/09 has spread to nearly every country in the world, infecting so many people that the World Health Organization has officially stopped counting. In nations where it is already winter, like Argentina, H1N1/09 has caused billions of dollars in damage, and China is quarantining foreigners suspected to have the flu. In the U.S., the virus...

Author: /time Magazine | Title: The Moment | 8/10/2009 | See Source »

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