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...housing market as it is, borrowers will find few good alternatives for rescue should they run into trouble. The traditional response of refinancing into a more affordable loan is off the table for many homeowners, considering that property prices have plummeted. More than 85% of option-ARM holders owe more on their loan than their house is worth, a situation known as negative equity or being underwater. Typically, a refinance is impossible without the borrower having at least 20% equity in a house...

Author: /time Magazine | Title: How Big Is the Threat from Option ARMs? | 2/19/2010 | See Source »

...painting like Bather Sitting on a Rock, and the problem is obvious: cupcakes don't get much more scrumptious than this. Which is another way of saying that a whole line of mildly lubricious babes, from the phosphorescent nymphs in Maxfield Parrish to Tinkerbell and the Playboy bunny, owe something to the old man's influential wet dream of classical form. All the same, the Renoir of this period - three very productive decades before his death in 1919 at the age of 78 - fascinated some of the chief figures of modernism. Picasso was on board; his thick-limbed "neoclassical" women...

Author: /time Magazine | Title: La Vie en Rose | 2/18/2010 | See Source »

TIME says, "We owe it to the survivors ... to help build a Haiti that will never again be so vulnerable" [Feb. 1]. Does this mean other nations can persuade the handful of families and businesses that control the wealth of Haiti to begin paying appropriate taxes? Does this mean Haitian leaders will direct foreign aid to health care facilities, water and sewage systems, education, job training and proper building construction? Or after this acute crisis has passed, will Haiti return to baseline poverty? The ethics of those who run this little country must change or be coerced to change...

Author: /time Magazine | Title: Inbox | 2/15/2010 | See Source »

...eight cast members are Italian American--which is not true. The overwhelming majority of the 21 million--plus Americans of Italian descent are honorable, decent, law abiding and intelligent. Like me, they are professionals whose children have graduated from the best colleges and universities in the U.S. You owe the 21 million--plus an apology. As a self-proclaimed New Jersey native, do you have enough "testosterone" to deliver...

Author: /time Magazine | Title: Inbox | 2/15/2010 | See Source »

...even the excruciating nights before a problem set is due. I value assignments that challenge me, a variety of extracurriculars, and caring professors, because to my friends in India these are luxuries. I almost feel that I push myself at Harvard as much as I do because I owe it to my friends in the Indian education system to make the most of my Harvard experience...

Author: By MADHURA NARAWANE | Title: Why I Chose Harvard | 2/12/2010 | See Source »

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