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...have entered the one-strike-and-you're-out era. One lost job. One medical emergency. One bad risk or misjudgment of the heart. "I've seen more people lose their houses in the past year than in the previous nine years put together," Wagoner said one recent afternoon, as gray skies hung low over the vast horizon. "It sounds crazy," he continued, "but I'd say unless you're making over $350,000 a year, the more you're paid, the more vulnerable you are. If you lose a job, you're going to have a hard time finding...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...Senate majority leader Harry Reid on Wednesday defended the 2009 earmarks, arguing that while Democrats have worked to shrink the number of earmarks in recent years, such pet projects do play a vital role in the budget. Who better knows the needs of each district and state, he argued, than the members representing those populations? "Since we've been a country, we have had an obligation as a Congress to help direct spending," Reid told reporters on Capitol Hill. "We cannot let spending be done by a bunch of nameless, faceless bureaucrats buried in this town someplace...

Author: /time Magazine | Title: Does Obama Have a Double Standard on Earmarks? | 2/26/2009 | See Source »

...recent events have caused concern among Pakistan's Western allies, who hope to see a tougher government crackdown on militancy - and, at least in Swat, have emboldened the militants, who believe they have prevailed over the government's effort to militarily dislodge them...

Author: /time Magazine | Title: Shifting Alliances Complicate U.S.-Pakistan War Against Militants | 2/26/2009 | See Source »

...intensity of this crisis brings back to the forefront the biggest issue in Bangladesh in recent years: the role of the army in a democratically elected civilian government. Aside from pay, the jawans' biggest grievance is the practice of deputizing army officers to command units of the paramilitary border guards. The jawans want all such officers to be withdrawn. At one point, the mutineers threw a piece of paper outside the gates to the waiting journalists that read, "We've taken up arms today because we've been repressed by army officers for long...

Author: /time Magazine | Title: Military Mutiny Challenges New Bangladesh PM | 2/26/2009 | See Source »

...death, human-rights lawyer Stanislav Markelov and journalist Anastasia Baburova were murdered in central Moscow. In December, a worker from Tajikistan was beheaded in the capital region. Moscow's chief prosecutor, Yuri Syomin, announced on Feb. 16 that murders had gone up 16% and fatal attacks 44% in recent months...

Author: /time Magazine | Title: What's Behind Moscow's Recent Murder Spree? | 2/26/2009 | See Source »

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