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...issue are the misleading tactics that banks used to lure first-time homebuyers. First-time homebuyers aiming to fulfill the American Dream of owning a home were not irrational in their decision to sign a contract for a home whose mortgage they clearly could not afford. The transaction occurred between the banks and consumers who were both financially dysfunctional, their financial dysfunction stemming from amassing excessive debt and experiencing mortgage aversion.  These were, at times, educated people who made poor financial decisions and miscalculated the risks involved...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

...statement on its Web page, noting that while smoking has declined among most age groups, it has risen to 40% of 12-to-25-year-olds. "The campaign seeks to reverse that impression and make people aware that smoking isn't a defiance of authority, but instead a sign of submission and naiveté - a behavioral, psychological and physical submission to an addictive drug that will control their acts, dirty their bodies and cost them dearly." (Watch a video on France's smoking...

Author: /time Magazine | Title: In France, Sex Sells — Even in Anti-Smoking Ads | 2/25/2010 | See Source »

...slim a reed on which to hang the Administration's ambitions. And so, in contrast to the Bush Administration, which was often accused of overstating small successes, the Obama White House has projected a studied solemnity over encouraging dispatches from the war the President has made his own. Every sign of progress in Afghanistan and Pakistan has been greeted with circumspection. Yes, say Administration officials in Washington and commanders in the field, things are going well - but let's not beat our chests. Far too much hangs in the balance now: Afghan lives, American lives and, just possibly, the fate...

Author: /time Magazine | Title: Taking It to the Taliban | 2/25/2010 | See Source »

...their next target. "I know the Taliban will come back," he says. Mohammad Hosain, a teacher from Marjah, wonders if they even left. "The Taliban does not have a uniform, so if they leave their weapons at home, they can easily move around," he says. "There is no [sign] on their face that says, 'I am a Talib...

Author: /time Magazine | Title: Taking It to the Taliban | 2/25/2010 | See Source »

...their two Prime Ministers would meet at a South Asian regional summit in Bhutan in April. The date set for the next Secretary-level talks will be an important signal. A date within the next two months - before the April 12-13 nuclear summit in Washington - would be a sign of seriousness and increasing momentum toward a settlement. (See pictures of Pakistan's class divisions and ethnic rivalries...

Author: /time Magazine | Title: India-Pakistan Talks: Is a Breakthrough Possible? | 2/25/2010 | See Source »

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