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...Still, advocates like Airan-Pace say the banks, perhaps because of Geithner's grousing or because they've gotten up to speed on MHA's procedures, have stepped up their modification activity in recent weeks. That's giving them hope that MHA perhaps has a future after all. "This month we've actually been raking them in," says Airan-Pace, who's now confident that she'll be able to work something out for Milligan...

Author: /time Magazine | Title: How One City May Punish Banks for Foreclosures | 8/25/2009 | See Source »

...activism in India, two women in Lahore earlier this year founded Pakistan's first gay-rights organization, whose members meet privately in affluent homes. China's authorities decriminalized homosexuality in 1997, but it is only in the last few years that gay culture has started to flourish. "The speed of change in China has been amazing," says a 37-year-old employee of a Beijing Internet company. It remains difficult to be openly gay in the workplace, says the man, who requested anonymity. But in social settings, the environment has improved dramatically, especially for young people, he says. "Some...

Author: /time Magazine | Title: Why Asia's Gays are Starting to Win Acceptance | 8/24/2009 | See Source »

...past few weeks, all this has become controversial. Flash orders - a feature offered by some exchanges that allows high-volume traders the advantage of posting orders for up to half a second and then removing them - have drawn the ire of the authorities. Related revelations about the high-speed, almost fully computerized nature of modern stock markets have occasioned no small amount of fear and loathing. (See pictures of a Madoff family album...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

...does have an inconvenient habit of speaking his mind. At Tsinghua, he told audience members they ought to limit their driving to the weekends, a nonstarter in U.S. politics if ever there was one. In our interview, he suggested that Americans should get over their need for gas-guzzling speed ("Believe me, 0 to 60 [m.p.h.] in 8.5 sec. is fine") and meat-heavy diets ("We really don't need 12-oz. steaks every day") before he realized he was making energy transformation sound like a bummer - and abruptly changed the subject. "I don't want to deliver too many...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...harsh crackdown on Jund Ansar Allah sends two emphatic messages from Hamas: one to potential rivals, the other to potential interlocutors. The speed and violence with which it suppressed the jihadist group is a warning to all potential rivals that Hamas will tolerate no challenge to its authority in Gaza. But it also signals that as long as Hamas maintains a cease-fire, it is willing and able to forcibly restrain others in the Strip from launching attacks on Israel...

Author: /time Magazine | Title: Behind Hamas' Own War on Terror | 8/21/2009 | See Source »

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