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...their homes. But only a third of those homeowners actually got loan modifications. The rest got some kind of short-term fix from their lender, such as forgoing a missed payment or giving a few months' reprieve in making payments - and consumer advocates warn that such measures will land those borrowers back in trouble when their regular mortgage terms resume. What's more, the Center for Responsible Lending estimates that nearly half those borrowers who got modifications saw their monthly payments go up, not down...

Author: /time Magazine | Title: Homeowners Ask: Hey, Washington, a Little Help? | 10/16/2008 | See Source »

...Poland joined the E.U. in 2004, for instance, but thousands are now heading home. At a recruitment fair in Dublin a few days ago, a panicked former economics student from the west of Ireland wondered if it might be time for her to leave the country, too. Unable to land a financial-services job in Ireland since graduating in May, this 24-year-old woman is now considering a move to England. "I haven't given up yet," she says, but "all options are open." Inside the cavernous hall hosting the fair, recruiters - from big banks to software makers - offer...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...Sleep The Glo to Sleep mask is supposed to calm the storm in your head so you can reach the Land of Nod. You activate the mask's glow-in-the-dark pellets by holding it near a light for 30 seconds, and then kick back and "look up" at the floating, glowing disc shapes (you decide, cosmic snowmen or early Atari video game?). The design is based on meditation practices and scientific research that suggests that looking up and focusing on an object lowers brain-wave frequencies. It did work, as long as I kept looking at the glowing...

Author: /time Magazine | Title: Eye Masks: Deep Sleep Prescription-Free | 10/15/2008 | See Source »

Gunfire crackled across the border between Thailand and Cambodia on October 15, reigniting tensions between the two Southeast Asian nations over a disputed swathe of land near an ancient Hindu temple. For days, troops from both countries have flooded the area near the Preah Vihar temple, and each side claims the other fired Wednesday's first shot...

Author: /time Magazine | Title: Thai-Cambodian Border Spat Heats Up | 10/15/2008 | See Source »

...UNESCO awarded world-heritage status to the 900-year-old temple. It was built by ancient Khmers, the dominant ethnic group in Cambodia, who also constructed the famous Angkor Wat complex. Although the U.N. agency accepted Cambodia's sole claim of the site, Thailand believes that a stretch of land that is used to access the temple is rightfully its own. In 1962 the International Court of Justice ruled that the temple was in Cambodian territory, but it sidestepped the issue of the access route. For weeks in July and August, hundreds of soldiers faced off along the jungle border...

Author: /time Magazine | Title: Thai-Cambodian Border Spat Heats Up | 10/15/2008 | See Source »

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