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...only time will tell whether Obama's policies will prove effective. "We don't know Obama, but we are testing him to see what he can do," says Pavlovsky. "I think in either case the Kremlin will give him a chance. It will be like repaying a debt we owe to the United States for their faith in Gorbachev." When it comes to the U.S. President, at least, it seems Russia may have finally gone color-blind...

Author: /time Magazine | Title: Obama, Russia and the Question of Color | 7/6/2009 | See Source »

...back per month will drop. If, however, your salary subsequently increases, your payments will still be capped at 15% of your disposable income. That is, of course, if you are eligible to participate in the program; grads with private loans are exempted as well as those who owe less than they earn in a year (use this calculator to figure out if you qualify). It's all based on a debt-to-income ratio and is fluid and flexible in a way that most government systems are not. And if the Education Department is serious about abolishing the two-track...

Author: /time Magazine | Title: New College-Loan Plan: Pay Back By What You Earn | 7/2/2009 | See Source »

...real estate agent at RE/MAX Excalibur, still works with the high end of the market, but today that job takes a different shape. She was recently approached by Luxury Home Magazine to write a piece on short sales - that is, selling your house for less than what you owe on your mortgage. "What might have been selling at $2 million two years ago could be selling for $1.2 million today," says Henderson. Compounding the problem: people who buy expensive homes often want them as second homes. Those folks are most certainly gone from the market, which means an even smaller...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...occasion, she would emerge into notoriety, as in her 1997 gig with David Letterman, during which her chatter was so giggly and addled that it gave rise to reports, never substantiated, of drug use. (Early this year, after enduring Joaquin Phoenix's epic of incoherence, Letterman said, "We owe an apology to Farrah Fawcett.") A post-Majors boyfriend, screenwriter James Orr, was charged with battering her for rejecting his marriage proposal. And she somehow endured a mostly on-again quarter-century relationship with the legendarily truculent Ryan O'Neal, once the charming star of Love Story, later the provocateur...

Author: /time Magazine | Title: Farrah Fawcett: The Golden Girl Who Didn't Fade | 6/26/2009 | See Source »

...next big test is likely to come in Britain, which will release a report next week into looking at the country's digital future. According to the report the Brits owe more of their GDP to creative industries than those in the U.S., Canada, France and Australia, making it more susceptible to the losses from file sharing. An interim report, released in January, put forward proposals for a Rights Agency to help deal with the difficulties of copyright in the digital age and set out a plan for illegal downloading similar to the French laws. ISPs, said the interim report...

Author: /time Magazine | Title: Europe Stumbling in Efforts to Battle Internet Piracy | 6/13/2009 | See Source »

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