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...long as home values rise and interest rates stay low, everyone's happy. But once prices flatten or fall and interest rates creep up, those once-manageable house payments can jump quickly. Subprime borrowers are most vulnerable. Many can't sell or refinance because they owe more than their home is now worth...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...water. "We're in uncharted territory as far as rainfall goes," says Craig Wallace, the state's Natural Resources and Water Minister, who acknowledges that committing to cloud seeding - which still has its naysayers in the scientific community - may raise some eyebrows. "You'll always get skeptics, but we owe it to the people of Queensland to try everything...

Author: /time Magazine | Title: Making Rain | 8/2/2007 | See Source »

...break your legs if things go bad. See if you qualify for a Small Business Administration loan. If you tap your home equity, you'll risk losing the house. Better to draw down your retirement savings--after all, it's your money, so you won't owe anyone interest and can use any cash flow to grow the business...

Author: /time Magazine | Title: Turning Savings into a Start-Up | 8/2/2007 | See Source »

...uncharted territory as far as rainfall goes," says Craig Wallace, the state's Natural Resources and Water Minister. Wallace acknowledges that going out on a limb with cloud seeding - which still has its naysayers in the scientific community - may raise some eyebrows. "You'll always get skeptics, but we owe it to the people of Queensland to try everything...

Author: /time Magazine | Title: Australia's Desperate Rain Dance | 7/20/2007 | See Source »

...banned in most, if not all, public places. In addition to improving public health in that specific area, these bans raise awareness to the serious and often underestimated dangers of second-hand smoke and could inspire other countries to follow suit. The decision should be simple—countries owe it to their citizens and foreign visitors to protect their health...

Author: By Jimmy Y. Li | Title: Holding My Breath | 7/13/2007 | See Source »

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