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...asking the court for relief from stay, so they can pursue foreclosure against borrowers like Flores. Lenders represented in the courtroom include JPMorgan Chase Bank, Bank of America, Deutsche Bank Trust, Wells Fargo Bank, US Bank and GMAC Mortgage. When a Chapter 13 bankruptcy is ordered and confirmed, lenders must cease any foreclosure proceedings and the delinquent homeowner must begin making regular mortgage payments. But if the debtor cannot keep up the payments, "sooner or later the court drops the bomb," says attorney James Beshears...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

Wrongly Labeled I was surprised to read in "The World" that TIME described the terrorist organization ETA as a "separatist group" [March 15]. So far, ETA has killed more than 800 people in Spain; how many more must it kill to earn the name terrorist? By the way, ETA is classified as a foreign terrorist group by the U.S. José Luis García Herrero, MADRID

Author: /time Magazine | Title: History 2.0 | 4/5/2010 | See Source »

...Saif-created National Economic Development Board, run by U.S.-trained economist Mahmoud Gebril, is at work overhauling Libya's regulatory system. Saif has also proposed a new penal code, which would entail drafting a constitution for Libya, a move regarded for years by Muammar Gaddafi as unrevolutionary. "There must be an independent judiciary, and protection of the rights of people," Gebril says, pointing to postapartheid South Africa as a model. That would be a sharp departure from current-day Libya, where even the intellectuals who gather in Tripoli's cafés in the evenings, over water pipes and espressos...

Author: /time Magazine | Title: Can Gaddafi's Son Reform Libya? | 4/5/2010 | See Source »

There was an envelope, but it contained only the tiniest slip of instructions: basically, download the latest version of iTunes (9.1 for those of you who must know these things) and follow the instructions from that point onward. A little hubristic, I thought, this pointed refusal to trumpet on arrival. But a half-hour after the unsurprising ritual ("Agree?" "Continue") of synching the latest of my Apple products to its desktop ancestor and uploading my iTunes library, my iPad was ready. It was as if I had known it all my life...

Author: /time Magazine | Title: Me and My iPad: The First 24 Hours | 4/4/2010 | See Source »

...half of what it costs to teach an undergraduate student. In order to remain competitive with the university systems in the U.S., Canada and China, Christopher Patten, the chancellor of Oxford University, told the annual conference of the Independent Schools Council in London last month that British tuition fees must be increased. "I don't think it is realistic to say that the gap should be closed by the taxpayer," he said. "It is plain that we are going to require higher tuition fees." (See pictures of Cambridge University's May Ball...

Author: /time Magazine | Title: Europe's Education Crisis: College Costs Soar | 4/4/2010 | See Source »

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