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Data from the new paper also point to the likelihood of mass walk-aways being a highly localized event. Sapienza and her colleagues plotted data on late mortgage payments and home-price declines and found very little relationship between the two when house prices in a metropolitan area had dropped less than 20% from their peak. However, once prices had fallen more than 20%, a disproportionate number of people wound up behind on their mortgage payments, even when the unemployment rate (a measure of means to pay) was held constant...

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

...fake butter as a healthy alternative? If a food is healthy, it does not need to claim that it is and does not need to have nutrients added to it. The real solution lies in eating natural, organic foods--not the food industry's latest experiments. Travis McKinney, AMESBURY, MASS...

Author: /time Magazine | Title: Inbox | 7/6/2009 | See Source »

...were 30 times as likely to develop the illness as those in the general population. Something got lost in translation in my interview with John Cloud; in fact, our research shows that such a person is more than 400 times as likely to develop psychosis. Also, the necessary critical mass of controlled, randomized clinical-trial treatment data has yet to be gathered, so it is premature to conclude that "it works." We still have a long way to go! Tom McGlashan, NEW HAVEN, CONN...

Author: /time Magazine | Title: Inbox | 7/6/2009 | See Source »

...Burma, which the ruling junta has renamed Myanmar, hasn't seen anything resembling openness for nearly five decades, having been ruled by military regimes since 1962. Its generals have isolated the country, ground it into poverty and brutally suppressed periodic mass uprisings in support of democracy - the last, in 2007, was led by Buddhist monks who were gunned down or arrested. The regime says it will hold national elections in 2010, but many observers say they are designed to cement military rule under a civilian guise. The democracy movement's leader, Aung San Suu Kyi, has been kept under house...

Author: /time Magazine | Title: Ban Ki-Moon Leaves Burma Disappointed | 7/5/2009 | See Source »

...rest of the world know well that the North has a range of missiles. The Obama Administration, in the wake of Kim's recent, relentless belligerence, has made it clear that preventing the proliferation of missiles and other weapons of mass destruction is what drives U.S. policy now. On June 30, the Administration imposed unilateral U.S. sanctions on two North Korean companies engaged in proliferation - sanctions that will "augment efforts to curtail the North Korean regime's ability to develop and sell WMD and missiles," says Bruce Klingner, former North Korea analyst at the CIA, now a senior fellow...

Author: /time Magazine | Title: Behind North Korea's Missile Launch | 7/4/2009 | See Source »

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