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With unemployment expected to move rapidly into the double digits, I'm looking for a fallback plan - a way to generate cash fast until the new prez gets us out of this mess. So here's what I'm thinking, and please do not tell my wife: I'm turning my basement into a full-service karaoke...

Author: /time Magazine | Title: Battling the Recession with My Own Karaoke Bar | 10/30/2008 | See Source »

...week into difficult talks, agencies within the Bush Administration are struggling to agree on a far-reaching new plan that would rescue homeowners with mortgage woes and ease the vicious foreclosure cycle that plagues the housing market...

Author: /time Magazine | Title: The Next Bailout: Helping Homeowners in Distress | 10/30/2008 | See Source »

...first plan, backed by FDIC chairwoman Sheila Bair, would create an incentive for banks to change the terms of troubled mortgages by guaranteeing mortgages for millions of Americans who are struggling with their house payments but are otherwise creditworthy. The plan would use up to $50 billion of the $700 billion in bailout funding approved recently by Congress and would draw on new loan-guarantee authority passed under the bill. The Federal Government would guarantee loans readjusted for homeowners who can show annual income worth 38% of the debt on their house. Under the plan, lenders would be encouraged...

Author: /time Magazine | Title: The Next Bailout: Helping Homeowners in Distress | 10/30/2008 | See Source »

...call Barack Obama out for manufacturing his image. “When the roar of the crowd fades away…when the stadium lights go out, and those Styrofoam Greek columns are hauled back to some studio lot—what exactly is our opponent’s plan?” she asked in her speech at the Republican National Convention. This line was a calculated attempt to puncture Obama’s projected character, to expose the shaping, the framing taking place behind the scenes, and make clear to the world the hollowness of not just...

Author: By Sanders I. Bernstein | Title: They Called Her Photo Op Palin | 10/29/2008 | See Source »

...Abukeshek and Pal-youth.org's next step is to formalize an online political mobilization plan for young Palestinians on the ground throughout the world. To this end, the organization is bringing together 150 Palestinians from 28 countries for a summit in Madrid in early November. "Everyone thought that bottom-up mobilization was dead [in America]." Says Dr. Nabulsi. "But they got a shock with Obama, and I see it also with the young Palestinians." And although he says he disagrees with Barack Obama's politics, particularly on maintaining an undivided Jerusalem, Abukeshek says he is encouraged by the influence the presidential...

Author: /time Magazine | Title: E-Palestine: Palestinian Youth Bring Their Politics Online | 10/29/2008 | See Source »

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