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...presidency rotates each year among the members (a new term begins on January 1) with that country responsible for planning and hosting some lower-level meetings, which serve as the build-up to the mid-year three-day event attended by the major players. As this year's G-8 president, Italian Prime Minister Silvio Berlusconi has the honor of hosting Canada's Prime Minister Stephen Harper, France's President Nicolas Sarkozy, Germany's Chancellor Angela Merkel, Japan's Prime Minister Taro Aso, Russia's President Dimitri Medvedev, U.K.'s Prime Minister Gordon Brown and the U.S.'s President Barack...

Author: /time Magazine | Title: The G-8 | 7/8/2009 | See Source »

Notably, other survey data included in the paper suggest the percentage of intentional defaults may be much lower than 26%. The researchers also asked if respondents themselves would welsh on their mortgages if they were $50,000 underwater. Among the people for whom $50,000 represented less than 10% of their home's value, none would walk away. However, once $50,000 represented between 10% and 20% of the house's value, 5% said they would walk away, and when the shortfall reached 50% of home's value, a full 17% said they would. (See "Renting a Modernist House...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

TRIGGERED A public plan would kick in at a future date if private insurers did not sufficiently expand coverage and lower costs to certain mandated levels...

Author: /time Magazine | Title: Spotlight: A Public-Insurance Option | 7/6/2009 | See Source »

...also found it increasingly difficult to campaign and fundraise for 2010 congressional candidates, and her Twittering from Wasilla is like shouting from the top of Mount McKinley for all that it's heard in the lower 48. The only news that does break through nationally are tabloid items like her fights with Levi Johnston and David Letterman. "I buy that you want to spend more time with your family, the stress and demands of five children and a husband. I can buy that you want to push your conservative agenda. I would buy that she thought that she could...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

...from the violent southern provinces. An additional 200 soldiers are heading there in the run-up to the Afghan presidential election on August 20, bringing the total number to 4,200 - still below the limit of 4,500 set by Germany's strict parliamentary mandate. But on Thursday, the lower house of parliament, the Bundestag, gave the green light under a separate mandate to deploy up to 300 more soldiers to support NATO's AWACS surveillance aircraft in Afghanistan. (Read "Afghanistan and NATO: Is Europe Up to the Fight...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

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