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Nearly 9% of all U.S. mortgages--or 4.8 million loans--are past due or in some stage of foreclosure. So when a company claims to offer distressed homeowners both relief from their mortgages and revenge against the bankers who saddled them with too much debt ("Give the lenders back their...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

The Walk Away Plan sounded pretty good to Paula Bond. A bookkeeper at a battered Florida construction company, she first heard about the plan on TV at 3 a.m., not long after her salary was cut in February by $100 a week and she realized she couldn't keep making...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

But Obama's admission of the obvious was selectively applied. Even as he criticized the "game," his allies sent out e-mails announcing that the man leading McCain's vice presidential search, Arthur B. Culvahouse, was - you guessed it - a former lobbyist. To make matters even more complicated - and absurd...

Author: /time Magazine | Title: The Outrage Game Bites Obama | 6/11/2008 | See Source »

The question for the voting public, and for political reporters, is how to filter all this outrage, which shoots out like a fire hose on a daily basis. If we fall prey to the daily back-and-forth, as fun as it might be, we risk losing sight of the...

Author: /time Magazine | Title: The Outrage Game Bites Obama | 6/11/2008 | See Source »

Mustafa Demir, mayor of the conservative Fatih municipality which is running the demolition program, says it's a much-needed social renewal project "to replace hovels." Prime Minister Recep Tayyip Erdogan called Sulukule "ugly", and expressed bewilderment over anti-demolition protests. That the neighborhood is in desperate need of a...

Author: /time Magazine | Title: Constantinople's Gypsies Not Welcome in Istanbul | 6/9/2008 | See Source »

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