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To help individuals make their payments, Bank of America announced in March that it would start reducing the principal on some home loans. This, after the banking industry successfully fought off attempts by Democratic Illinois Senator Dick Durbin and others in Congress to pass legislation last spring that would have...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

When the red shirts announced plans to stage a massive rally in Bangkok in mid-March, taking supporters in by bus, tractor, boat and pickup truck, the Bangkok-based press warned of the havoc the rural hordes might wreak. City governor Sukhumbhand Paribatra advised residents to "please stay home," lest...

Author: /time Magazine | Title: Thailand: Why the Reds Are in Revolt | 4/5/2010 | See Source »

Instead, the red shirts are incensed that Abhisit is in office at all. In December 2007, in the first postcoup election, Thai voters cast the most ballots for a Thaksin proxy party. As fears grew that Thaksin might be pardoned by his allies and stage a political comeback, the yellow...

Author: /time Magazine | Title: Thailand: Why the Reds Are in Revolt | 4/5/2010 | See Source »

It is a warm February afternoon and the sun is streaming through the open doors of a large, airy farmhouse set at the far end of a guarded estate outside Libya's capital, Tripoli. Trays of dates and almonds are laid out in the living room, where the owner of...

Author: /time Magazine | Title: Can Gaddafi's Son Reform Libya? | 4/5/2010 | See Source »

The serenity, though, is illusory. The home's inhabitant is Saif al-Islam Gaddafi, the son of Libya's four-decade-long leader Muammar Gaddafi. At 37, Saif finds himself at the heart of a political battle for his country's future. To hear Saif tell it, the need for...

Author: /time Magazine | Title: Can Gaddafi's Son Reform Libya? | 4/5/2010 | See Source »

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