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...designer some day; her three friends are in college. Their shiny hair and fashionable clothes betray their prosperous, middle-class background, but even these women are feeling the pinch. Asked how the financial crisis is affecting them, they enumerate a long list: the clothing they can no longer buy, the vacations they can no longer take. "Before, you would just go shopping on a whim," says Portela. "Now my parents...
Portela and her friends are certainly aware they have more to worry about than shopping sprees. Paula Rodríguez, 20, is studying journalism. "But there aren't any jobs in that, so I'll probably just stay in school longer and get another degree," she says. The prospect of owning a home - and the mortgage that comes with it - makes all four girls laugh, so far-fetched does it seem. "How am I going to get a mortgage if I can't even get a job?" scoffs Rodríguez...
...Delhi A Watershed Gay-Rights Ruling Gay Indians are no longer legally confined to the closet. In a landmark decision, New Delhi's highest court struck down a 150-year-old law that prohibited "carnal intercourse against the order of nature." Though it applies only to the nation's capital, the ruling is likely to prompt India's government to appeal to the Supreme Court or to change the law nationwide. Advocates say the decision could pave the way for better sex education in a country with one of the world's highest populations of people with HIV/AIDS...
...federally insured reverse mortgage until borrowers meet with a HUD-approved counselor, who is required to help them explore alternatives such as selling their home or lowering their expenses. That's because the greatest reverse-mortgage risk, especially for younger borrowers, may be that they will live longer than they expected and drain all the available equity from their home. Says reverse-mortgage specialist Bronwyn Belling: "If you borrow the money now, you may not have it when you need it later...
...July 20 local residents appeared to be returning to life as normal. Indonesia had enjoyed a four-year lull in terrorist attacks, in part chalked up to a concerted government campaign to arrest and re-educate extremists. Although the blasts jolted a nation into realizing that terrorism was no longer a thing of the past, the prevailing attitude among Jakartans seemed to be one of determined resilience. "Bad things can happen anywhere - car accidents, illness," says Syarif, an accountant who was window-shopping with his wife and two small children. "The bombing was bad, but we have to continue...