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Comptroller of the Currency John Dugan recently noted that reverse mortgages, like some flavors of the infamous subprime mortgages, are too complex for many seniors to understand. "Millions of older Americans still have a lot of equity in their homes, and it's tempting for them to tap into this pot of money," he says...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

...those people. To date, Paul and Joe have played more than 500 shows in 49 states. (Give it up, Hawaii!) Paul (on guitar) and Joe (keyboards) dress in white shirts and orange-and-red-striped Gryffindor ties. They have a rotating cast of drummers, à la Spinal Tap, and are occasionally joined onstage by the giant squid that lives in the Hogwarts lake. Their hits include "Save Ginny Weasley," "Voldemort Can't Stop the Rock!" and "The Weapon We Have Is Love...

Author: /time Magazine | Title: The Boy Who Rocked | 7/20/2009 | See Source »

...Moreover, in attempting to point a finger at Britain for its troubles, the Iranian government can tap a rich vein of mistrust for its former imperial ruler. Many Iranians remember the British-brokered Treaty of Gulistan, under which Iran was forced to give up land to Russia in 1813, as one of the most humiliating episodes in their country's history. Hostilities sparked again in 1941, when the U.K. invaded Iran and exiled the country's leader on suspicion of pro-German sympathies. Furthering the mistrust, when Iranian Prime Minister Mohammed Mossadeq dared to nationalize the Anglo-Iranian Oil Company...

Author: /time Magazine | Title: Has Britain Replaced the U.S. as Iran's 'Little Satan'? | 6/26/2009 | See Source »

...happy. Says Kamel Al-Rafii, 64, a former economics professor at the University of Wasit: "I imagine that the Chinese company will succeed in the courageous step in the exploration of Ahdab and this will encourage other foreign companies to follow their example." Indeed, none of the companies on tap for the bids at the end of the month show any signs of backing away. With reporting by Nizar Latif/Wasit and Alaa Majeed/New York...

Author: /time Magazine | Title: A Chinese Lesson in Iraqi Oil Exploration | 6/26/2009 | See Source »

...success is measured only in how much your movie needs you, Cera has reached the peak of his career to date with Year One, a comedy set in biblical times. By playing once again the sweet, stammering smart guy, although this time in a Spinal Tap wig and caveman furs, Cera can't stop Year One from being a bad movie, but he does save it from being a catastrophe. He plays Oh, an inept gatherer who is best friends with an even more inept hunter named Zed (Jack Black). They're kicked out of their village - the wisest...

Author: /time Magazine | Title: Year One: Jokes from the Stone Age | 6/18/2009 | See Source »

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