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...sign that the two companies have been active in helping people get new loans or refinance existing ones. And mortgage rates, though up recently, are down from where they were when the companies were taken over, a further indication that their added liquidity is helping. Foreclosures continue to rise, but the government's latest plan to modify mortgages seems to be making some headway...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...Midwest have warmed by a few degrees, and the number of winter days without frost has increased by about a week. Sea levels have already risen by 8 inches or more in some coastal areas of the U.S., and under the business-as-usual scenario, they could rise 3 to 4 feet by the end of the century - enough to put much of Florida, including the Everglades and the Keys, under water. "Much of the foot-dragging on addressing climate change reflects the perception that it is way down the road and only affects remote parts of the planet," says...

Author: /time Magazine | Title: Climate-Change Report: From Bad to Worse | 6/17/2009 | See Source »

...TIME's photo-essay "The Rise and Fall of the Shah of Iran...

Author: /time Magazine | Title: U.S. Still Struggling to Understand Iran | 6/17/2009 | See Source »

...TIME's photo-essay "The Rise and Fall of the Shah of Iran...

Author: /time Magazine | Title: U.S. Still Struggling to Understand Iran | 6/17/2009 | See Source »

Some Western analysts see the SCO's rise as a rival bloc to NATO, though these fears are, in the present climate, likely overblown. Beijing and Moscow regard each other with equal measures of warmth and distrust. The Central Asian countries tagging along are also keen to pit the Chinese and Russians against each other in a global scramble for the vast reserves of natural resources lurking beneath the region's rolling steppe and in the Caspian Sea. Still, in the U.N. Security Council, China and Russia have presented something of a united front when it comes to Iran. Their...

Author: /time Magazine | Title: Unbowed, Ahmadinejad Shows Up in Russia | 6/16/2009 | See Source »

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