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...they cannot afford already does not work. In the case of housing, the most compelling one is that giving people the ability to pay for a house which will never have any equity value for them simply buys them time to make payments while they find another place to live...

Author: /time Magazine | Title: When Mortgage Assistance Does Not Work | 2/25/2009 | See Source »

...happier tones, with an upward point indicating approval, good news or some other nicety. That pleasant gesture is thought to have sprung from the grim business of gladiatorial combat, when spectators in the Roman Coliseum would give a thumbs-up or down to determine whether a beaten competitor should live or die. What began in Rome similarly went global...

Author: /time Magazine | Title: Giving the Finger: This Hurts Me More Than You | 2/25/2009 | See Source »

...seven-day Alaska cruise, usually more than $2,000 per person, for $499 on Holland America and $399 on Carnival; even $699 for seven days in Europe on the more upscale Celebrity. In fact, says Ken Heit, sales director at World Wide Cruises in Ft. Lauderdale, "If you live in an expensive city like San Francisco, Chicago or New York, it might be cheaper right now to spend a week on a cruise ship than to stay at home." (See pictures of the last voyage...

Author: /time Magazine | Title: How to Save in the Recession? Take a Cruise | 2/24/2009 | See Source »

...Less clear is whether the Taliban will accept those terms. On Saturday night, after two days of talks with his father-in-law, Fazlullah, in a speech carried live by Pakistan's main news channels, said his cohorts were still discussing Mohammed's proposals. "We will consult again after the 10-day cease-fire ... We will also observe a permanent cease-fire if the government takes practical steps," he said without elaborating...

Author: /time Magazine | Title: Can Pakistan Regain Control of Swat from the Taliban? | 2/24/2009 | See Source »

...morning, as reporters used to. But for all I have heard about improved security, no one I have met here acts as though Baghdad, outside the Green Zone, is really a secure place. There are still blast walls and precautions and nerves, though of course 6½ million people live here, as they must. Maybe the numbers speak for themselves. On Feb. 19, 2008, Iraqi Body Count, one of the several contentious projects to record violent civilian deaths, reported 37 dead. On the same date a year later, as I arrived, it reported 9 dead, plus 17 bodies discovered...

Author: /time Magazine | Title: New in Town: How Baghdad Has Changed | 2/24/2009 | See Source »

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