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...foreclosure. So when a company claims to offer distressed homeowners both relief from their mortgages and revenge against the bankers who saddled them with too much debt ("Give the lenders back their own headaches"), there are plenty of people eager to hear more. For $695, the Walk Away Plan promises to extract homeowners from the agony of mortgages they can no longer afford or from houses now worth far less than the amount they owe. A similarly named outfit called You Walk Away croons on its website, "Before you know it, you will have this behind you and a fresh...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

...Walk Away Plan sounded pretty good to Paula Bond. A bookkeeper at a battered Florida construction company, she first heard about the plan on TV at 3 a.m., not long after her salary was cut in February by $100 a week and she realized she couldn't keep making her mortgage payments. Selling the house was hardly an option. Properties on her block were going for $135,000; two years ago, she'd paid $188,000. She had phoned her bank and tried to renegotiate the terms of her loan. "Every time I called," she says, "they gave me another...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

...designed to fight the deeper roots of hunger. (Within the U.N. that task falls to other agencies, like the Food and Agriculture Organization and the U.N. Development Program.) But WFP can help. Its Food for Assets plan gives rations to displaced persons in northern Uganda who work to build and run local fish farms. Procurement officers can buy locally at above-market prices if they show that it helps to develop the country's agriculture. And, across the world, WFP feeds about 20 million schoolchildren each year. That service is designed both to help students concentrate in class...

Author: /time Magazine | Title: World Food Program: On the Front Lines of Hunger | 6/18/2008 | See Source »

...however, France appears ready to return to the NATO fold. On Tuesday, President Nicolas Sarkozy unveiled a 15-year military plan that aims to deepen France's involvement with its NATO and European allies in the fight against post-9/11 threats. And critically, he indicated that France will soon rejoin NATO's military command, even if its nuclear forces would remain under strictly national control. "We can renew our relations with NATO without fearing for our independence and without the risk of being unwillingly dragged into a war," Sarkozy said...

Author: /time Magazine | Title: Sarkozy Makes Eyes at NATO | 6/17/2008 | See Source »

...move would be very political and symbolic," says François Heisbourg, a military expert and special adviser to the International Institute for Strategic Studies (IISS) in Paris. Heisbourg, who helped draft Sarkozy's military plan, predicted France would actually rejoin by the time of a Franco-German summit in March next year...

Author: /time Magazine | Title: Sarkozy Makes Eyes at NATO | 6/17/2008 | See Source »

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