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Up to now, the main such effort has been a voluntary deal announced last December by Treasury Secretary Hank Paulson in which mortgage lenders agreed to freeze interest rates for certain subprime borrowers. But thanks to the Fed, high rates on adjustable-rate loans are no longer the big problem...

Author: /time Magazine | Title: The Not-Quite Bailout | 7/10/2008 | See Source »

Nelson Mandela has always felt most at ease around children, and in some ways his greatest deprivation was that he spent 27 years without hearing a baby cry or holding a child's hand. Last month, when I visited Mandela in Johannesburg - a frailer, foggier Mandela than the one I...

Author: /time Magazine | Title: Mandela: His 8 Lessons of Leadership | 7/9/2008 | See Source »

...accept "significant deviations from business as usual" - meaning they would take action to reduce the expected growth of their carbon emissions in the future. In exchange, they demanded that developed nations agree to cut their own carbon emissions by 25% to 40% by 2020. The proposal was a meaningful change from past negotiations, when developing nations routinely refused to contemplate any kind of limit on their growth. "The fact that they put this on the table is very significant," says Schmidt...

Author: /time Magazine | Title: A Green Let-Down at the G-8 Summit | 7/8/2008 | See Source »

Despite his fearsome national and international reputation, Helms was also known for acts of personal thoughtfulness. When he retired in 2002, North Carolina's junior senator, a Democrat with whom he had often tangled, was among those paying him tribute: "The people of North Carolina will never forget the work...

Author: /time Magazine | Title: Jesse Helms: Stubborn on the Right | 7/4/2008 | See Source »

"Most hotel staffs around the world speak English, meaning they'll communicate far more easily with native English-speaking American or British clients than with French or Italians who - it's true - are pretty bad with foreign languages," de Roux says.

Author: /time Magazine | Title: Most Obnoxious Tourists? The French | 7/4/2008 | See Source »

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