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Some industry experts believe that returns from these investments could rival the huge profits pocketed by investors during the Government Resolution Trust Corp. bailout of the savings-and-loan debacle of the late 1980s and early '90s. Back then, vulture investors picked up distressed assets at pennies on the dollar, and returns often exceeded...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...engineering a world very different from the one we were handed. Belatedly, we're trying to turn off the carbon spigot, hoping that by incrementally reducing the emissions we've spent a couple of centuries pouring into the air we can stop the climate slide before it's too late...

Author: /time Magazine | Title: Can Geoengineering Help Slow Global Warming? | 8/18/2009 | See Source »

...most murders don't happen in the precincts of the rational or the just. They happen on the late-night mean streets, where truth is often a figment, and memory is as slippery as the greasy pavement...

Author: /time Magazine | Title: Davis Ruling Raises New Death-Penalty Questions | 8/18/2009 | See Source »

...population, they could undercut the legitimacy of the election. It would spell trouble for President Hamid Karzai, who is still the favorite, though he is trying to avoid a troublesome runoff with Abdullah Abdullah, the former Foreign Minister and Northern Alliance candidate whose campaign has gained momentum of late. If southern voters stay home in large enough numbers, say analysts, there is a slight but not impossible scenario that northern voters could dictate the election's outcome in favor of Abdullah, further destabilizing the region. (Although half-Pashtun, Abdullah is identified with Panjshiri Tajiks.) (See pictures of Afghanistan...

Author: /time Magazine | Title: The Taliban Threat to Disrupt the Afghan Election | 8/18/2009 | See Source »

...rogue state the U.S. still lists as a sponsor of terrorism want to play do-gooder for a Western power? In large part to repay Sarkozy for the French leader's decision to reach out to Assad in 2008 with an invitation to France's Bastille Day events. Late last year, Sarkozy renewed that embrace with a visit to Damascus, and in January he sought Assad's help in ending the fighting in Gaza...

Author: /time Magazine | Title: Syria Helps France in Dealing with Iran | 8/18/2009 | See Source »

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