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...middle Australian life and upbringing. I didn't grow up with a chip on my shoulder. But equally, I didn't grow up in excessively privileged circumstances. Comfortable. I was lucky I had two very devoted, patriotic parents and I had a comfortable upbringing in a lower-middle-class suburb, Earlwood." He stays in touch with average people, he claims, because he has not succumbed to the trappings of high office. Howard has tried not to spend too much time in Canberra ("it's atypical of Australia - I don't mean that rudely"), he says: "I travel the country with...

Author: /time Magazine | Title: Leader of the Pack | 2/27/2006 | See Source »

...LOANS OF A LIFETIME You thought 30 years was a big commitment, so how about 40 or even 50 years? Ultra-long-term loans stretch your fixed-rate payments over nearly a half-century. Extending your loan 10 or 20 years would lower your monthly payments, but you may not save so much as you would expect. Let's say you had a $200,000, 30-year mortgage at 6% interest. Your monthly payment would be $1,199. Since lenders consider a 40-year mortgage a bit riskier, they usually charge an additional 0.25% in interest. So that...

Author: /time Magazine | Title: Money: Are You Overleveraged? | 2/26/2006 | See Source »

...that could help defuse the fraught racial politics of the rebuilding process. Those grow out of the fact that many of the city's most flood-prone areas, like the Lower Ninth Ward, are home to a substantial number of its African-American residents, who look long and hard at any sign that the city may forbid them to return. The city has been eager to discourage piecemeal redevelopment, in which a handful of residents here and there try to re-establish themselves in vulnerable neighborhoods. But after Mayor C. Ray Nagin hinted last year that he would consider declaring...

Author: /time Magazine | Title: The Big Blank Canvas | 2/26/2006 | See Source »

...white and Nagin is black, the racial politics of the mayoral contest, which includes seven other white candidates and one other African American, are not clear cut. Nagin came to office four years ago with strong support from the white business community--maybe too strong, in the eyes of lower-income black voters. Landrieu's father Moon, who was mayor of New Orleans in the 1970s, was widely popular with black voters, who have continued to support the younger Landrieu throughout his political career...

Author: /time Magazine | Title: The Big Blank Canvas | 2/26/2006 | See Source »

Ninth Ward Lower Ninth Ward...

Author: /time Magazine | Title: The Big Blank Canvas | 2/26/2006 | See Source »

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