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...According to Reuters, "Dan Adams, president of U.S. Information Systems for Equifax Inc, reported that 7 percent of homeowners with mortgages were at least 30 days late on their loans in February, an increase of more than 50 percent from a year earlier." And, nearly 40% of subprime borrowers are behind by a month, which is also up significantly from...

Author: /time Magazine | Title: Housing Takes Center Stage As Economy Looks for Signs | 4/8/2009 | See Source »

...Schmidt's ideas are deeply flawed. Moreover, they come too late in the cycle of destruction that has marked the end of newspapers' financial viability. (Read a TIME cover story on how to save newspapers...

Author: /time Magazine | Title: Google's Advice to the Newspaper Industry Is Late | 4/8/2009 | See Source »

...Kong Island, a lush national forest where recreational exploration is forbidden. We dropped anchor off a deserted white-sand beach and hopped overboard into the clear, warm sea. The water was probably 70° and not more than 5 ft. deep, with gentle waves that glimmered in the late-afternoon sun. Then, sated and relaxed, we motored home...

Author: /time Magazine | Title: Beyond Angkor Wat: Cambodia's Hidden Coast | 4/7/2009 | See Source »

Pakistanis see Chaudhry's comments as his first act of political muscle-flexing since his dramatic restoration to power in late March. The Chief Justice was dismissed two years ago by then-President Pervez Musharraf because he would not support Musharraf's assumption of dictatorial power. When Musharraf's successor, Asif Ali Zardari, reneged on an agreement to restore Chaudhry to the Supreme Court, widespread demonstrations a few weeks ago led to his reinstatement. Chaudhry has probably the highest reserve of moral authority in the country...

Author: /time Magazine | Title: Viral Video Raises Taliban Fears in Pakistan | 4/7/2009 | See Source »

...tragic irony is that it was Fujimori's attention to detail that helped make him one of Latin America's most popular leaders of the late 20th century. The son of Japanese immigrants, he emerged out of left field to win the 1990 election and take over a country of 28 million people that was adrift and under siege by Marxist guerrillas. Its annual inflation rate was near 7,600%, and insurgents had three quarters of the country under a state of emergency. Fujimori quickly tackled the hyperinflation, and in 1992 his security forces arrested Shining Path leader Abimael Guzman...

Author: /time Magazine | Title: Fujimori's Last Stand: Peru's Ex-President Found Guilty | 4/7/2009 | See Source »

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