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...place so close to our beautiful Gaza shore, which had been one of the only escapes and a source of relaxation for the besieged people of the Gaza Strip. Earthen barriers have risen in the Zatoun area, cutting off the densely populated, heavily bombarded neighborhood from the rest of the city...

Author: /time Magazine | Title: First Person: Living in Gaza, Under Starlight and Bomb Blasts | 1/10/2009 | See Source »

...experience we have seen in the past year only reiterates that you need to do more than just look at a credit score when making a loan," says Larry Goldstone, chief executive of Thornburg Mortgage. "We have never had as much confidence in credit scores as the rest of the industry...

Author: /time Magazine | Title: Lenders Look Beyond Credit Scores to Gauge Who's a Risk | 1/9/2009 | See Source »

...Companies that provide so-called alternative credit information say their business is booming, even as the rest of the lending industry continues to shrink. Banks once sought out such information as rent-payment histories to assess whether to lend to individuals who lack a credit score because they may never have had a credit card or mortgage and don't have enough credit history to generate a rating. These days, more and more banks are using the supplemental information, even with customers who have a credit score, in an effort to lower loan defaults...

Author: /time Magazine | Title: Lenders Look Beyond Credit Scores to Gauge Who's a Risk | 1/9/2009 | See Source »

...year, $300 billion tax cut (roughly 1% of GDP per year). Even worse, our federal revenues are nearly exhausted by just four areas of spending: Social Security and other retirement programs, health programs such as Medicare and Medicaid, defense, and interest payments on the public debt. Almost all the rest of our expenditures - from education and infrastructure to international diplomacy and much more - have to be funded by borrowing. We are racking up trillions of dollars in debt, to be paid in the future through taxation or inflation, in order to carry the year-in, year-out responsibilities of government...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

...would no longer be a democratic one either, unless Arabs are given a fair share of power. A few bold Arab intellectuals are saying Palestinians should abandon the idea of a two-state solution and just wait until they outnumber the Jews. That would take decades, and it may rest more on wishful thinking by Palestinians than a real calculation of political reality. But the population shift underscores a plain fact: for Israel, the status quo won't be good enough for much longer...

Author: /time Magazine | Title: Can Israel Survive Its Assault on Gaza? | 1/8/2009 | See Source »

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