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...government's recent bank stress test, examiners predicted that commercial real estate loan losses for the 19 largest banks in the nation would be far less than the value of home loans that go unpaid in the next two years - $53 billion vs. $185 billion. But Warren said she thought the two-year horizon of the government stress test may have understated the size of the banks' commercial real estate problem. The government assumed different default rates for each of the 19 banks for commercial real estate and other types of loans. Warren said the government had not given much...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...nonbelievers were a little late to the game in Chicago. The pious have been buying ad space from the city's decaying, cash-strapped public transportation system for a while. One recent religious ad read, "ISLAM. Got questions? Get answers. FREE Quran & Literature," followed by a toll-free telephone number. (Watch TIME's video "Bethlehem's Complicated Christmas...

Author: /time Magazine | Title: Is God Dead? Or Just Not Riding the Bus? | 5/28/2009 | See Source »

...Speckhardt says, "is to attract the interest of those who already believe as we do. We're not trying to convert people." Referring to a recent poll, he notes that more Americans view themselves as nonbelievers than the population of Jews, Muslims and Mormons combined. "Yet," he says, "you don't see that group having a caucus in Congress or anywhere else. It's a group that's been in the closet. People are afraid to 'come out' to their families and say they don't believe in God." The ads are designed to show lonely atheists that they...

Author: /time Magazine | Title: Is God Dead? Or Just Not Riding the Bus? | 5/28/2009 | See Source »

...When, in a recent conversation, I noted that he seemed gleefully outspoken these days, Gates offered a twinkly smile and said, "What are they going to do, fire...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

...Brule, a 19-year-old student, "and I probably won't vote either." Jacqueline de Kuijper, 21, admits she has no idea what the Parliament does. "I'm not sure I want to spend time finding out," she says. Such apathy has bloomed as never before across Europe. A recent Eurobarometer survey found only 34% of the 375 million eligible voters were likely to cast ballots for the 736-member Parliament, the E.U.'s only popularly elected institution. That would preserve an ignoble pattern: turnout has fallen at each successive direct election to the Parliament, from 63% 30 years...

Author: /time Magazine | Title: Why So Few Care About the European Parliament Elections | 5/28/2009 | See Source »

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