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...investigate allegations of suspected corruption by Thaksin and certain members of his government. After lengthy probes, it has filed four cases with the courts. They allege that while in office, Thaksin influenced the sale of state land to his wife at a discount, gave a preferential Thai government loan to the government of Burma to buy telecoms equipment from his company, changed the laws on telecommunications concessions to increase his firm's profits at the expense of government telecom agencies, and illegally instituted a government lottery scheme using some of the proceeds as a slush fund for political purposes. Thaksin...

Author: /time Magazine | Title: Thaksin's Wife Found Guilty | 7/31/2008 | See Source »

...delinquent mortgage payments and refinance into more affordable mortgages backed by the Federal Housing Administration. One key, according to homeowner advocates, will be whether or not the program will prompt lenders in general to be more generous from here on out. "So far we're not seeing the loan modifications we need from lenders," says Jackie Duran, a foreclosure counselor for the non-governmental Neighborhood Housing Services, which has been overwhelmed in recent months by homeowners from all over the Miami area. "When you've got people whose [interest] rates have jumped to 11 or 12%, a 1% reduction...

Author: /time Magazine | Title: Foreclosure Rescue: Who Gets Help | 7/28/2008 | See Source »

...currency markets to push the peso back to 660. De la Madrid appeared on TV, stronger and more simpatico than usual, to allay doubts about his wavering government. Paul Volcker, chairman of the U.S. Federal Reserve Board, made a secret trip to Mexico to try to expedite a loan package for the roughly $6 billion that the country needs to continue servicing its foreign debt. Though a rescue loan now seems likely, the conditions set by financiers will probably be tough. Commercial banks have refused to bail Mexico out until it has reached an agreement with the International Monetary Fund...

Author: /time Magazine | Title: MEXICO DEAD MEN DON'T PAY UP Almost everything is going wrong at the same time | 7/21/2008 | See Source »

...spent four months of political exile in France in 1978-79, can wield influence over Lebanese Muslim extremists holding the nine. Earlier, the French government hinted that as part of a deal to free the hostages, it would be willing to negotiate the repayment of a $1 billion loan made by the Shah of Iran...

Author: /time Magazine | Title: WORLD NOTES FRANCE COURTING FAVOR WITH KHOMEINI | 7/21/2008 | See Source »

...wife that drove Ken Lane to his first purity ball with their daughter Hannah, now 11. Tonight is their fourth, and they are sitting in the gold-and-white Broadmoor ballroom, picking at the chicken Florentine and trying to explain what they're doing here. "My kids are on loan to me for a season; it's important how I use that time," Ken is saying as a string quartet plays softly. "There's a lot for us to talk through--the decisions she'll have to make are more complex. I want to be close enough to her that...

Author: /time Magazine | Title: The Pursuit of Teen Girl Purity | 7/17/2008 | See Source »

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