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HOME-EQUITY LOAN...

Author: /time Magazine | Title: Money: Tuition: On the House? | 4/10/2005 | See Source »

...mortgage, you have a wide range of options: 30-year fixed (current average: 6%), 15-year fixed (5.6%) or adjustable (5.4% for a five-year adjustable). This is the perfect option if your existing mortgage carries above-market rates and you're not close to paying the loan off. Extending the life of a mortgage can add thousands in extra interest over the years. Also, refinancing generally adds about $2,000 in closing costs, and you'll still have to worry about reinvesting any unused proceeds...

Author: /time Magazine | Title: Money: Tuition: On the House? | 4/10/2005 | See Source »

...There's some amusement in statements from 70s moral guardians -such as "It's a floodgate of filth that's engulfed the minds and hearts and souls of America like nothing else ever has" -especially when the speaker is convicted savings-and-loan embezzler Charles Keating. It's a pleasure to watch Reems stalwartly defend his work against the ferociously righteous Roy Cohn (later to die of AIDS after a life of secret gay sex). What isn't so funny is that a Memphis jury found Reems guilty of obscenity for appearing in Deep Throat. "For the first time...

Author: /time Magazine | Title: That Old Feeling: When Porno Was Chic | 3/29/2005 | See Source »

...What makes a difference in people's lives is the small stuff-a mature female goat, a loan of $50, money for school fees, a small community-built dam to trap water for the dry season. The world needs to stop initiating and supporting wars and instead open borders to free trade. We should withdraw support from dictators so that democracy can work. Let's spend our time, energy and resources on making friends and addressing the alienation that encourages terrorism to thrive. Let's stop taking away from others so that they don't have enough while we have...

Author: /time Magazine | Title: Letters: How We Can Help the Poor | 3/28/2005 | See Source »

...Turning around Shenzhen?among China's most troubled banks, with some 9% of its loans officially nonperforming?won't be any easier than buying it. But Shan, 51, has been there before. In 2000 he helped Newbridge become the first foreign owner of a South Korean bank, Korea First; Newbridge managers doubled the bank's assets and strengthened its loan portfolio. In January Newbridge sold its 49% stake to Standard Chartered for $1.6 billion?nearly quadrupling the fund's investment...

Author: /time Magazine | Title: "Barefoot" Banker Strikes Gold | 3/21/2005 | See Source »

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