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...that may simply reflect the reality that there are a lot of people in homes who aren't going to be in them long term and that trying to keep them there is throwing good money after bad. The plan allocates money that implicitly acknowledges that: $1.5 billion to help displaced homeowners transition back to being renters and $2 billion to boost HUD's Neighborhood Stabilization Program, which lets cities and states deal with foreclosure fallout. (See pictures of the recession...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...bank fix, said he will "stress-test" the nation's largest financial firms to find out which ones are fit and which ones are flatlining, and then apply the appropriate therapy - which we assume means anything from injecting capital to pulling the plug. By using a medical term, Geithner gave the impression that he had some fiscal electrocardiograph that could be strapped to banks to chart the strength of their accounts. But when it comes to a bank checkup, the actual test is far less scientific. (Read "Geithner's Challenge: Selling a Plan Without the Details...

Author: /time Magazine | Title: Can Your Bank Pass the Stress Test? | 2/19/2009 | See Source »

...customers for the new age of wireless products and services. The dark horse is Sprint (S) which is in an alliance with Intel (INTC), Clearwire (CLWR) and several other technology companies to build an ultrafast WiMax network. The more successful operations like Verizon are putting their money on Long Term Evolution (LTE) products...

Author: /time Magazine | Title: Cell Phones and Connections Faster than Lightning | 2/19/2009 | See Source »

...market bullish? Says Roth: "I'd become more bullish if I saw traders get very bearish and sell out, taking short interest much higher relative to volume." Beyond that sort of investor capitulation he'd also become more bullish, he says, if there were a big drop in long-term interest rates, especially in corporate bonds, which could prompt investors to shift their focus to stocks. At the moment, he says, it's a waiting game...

Author: /time Magazine | Title: Dow Hits Bleak Milestone: Below November Low | 2/19/2009 | See Source »

...Lake Maracaibo oil drill. Both sides share the blame. But the 1999 phone call bears significance. If anything, Chávez has lately supplanted Castro as Washington's priority regional pariah, yet he celebrated a decade in power this month by winning a democratic referendum that scraps presidential term limits, allowing him to run for re-election for as long as he chooses to. (See pictures of people around the world watching Barack Obama's Inauguration...

Author: /time Magazine | Title: Why Obama Should Talk to Chávez | 2/18/2009 | See Source »

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