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...coming wave of defaults on loans to developers of condominiums, office buildings and malls could do significant damage to the already deflating economy. That was the overwhelming concern expressed at a public hearing of the Congressional Oversight Panel (COP) on Thursday that focused on corporate and commercial real estate lending...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...chairman of the U.N. Intergovernmental Panel on Climate Change, suggested that the most useful step ordinary citizens could take to help combat climate change would be to stop eating meat. In Belgium, an entire town is taking his advice to heart. The Flemish city of Ghent has designated every Thursday as "Veggiedag" - Veggie Day - calling for meat-free meals to be served in schools and public buildings, and encouraging vegetarianism among citizens by promoting vegetarian eateries and offering advice on how to follow a herbivorous diet...

Author: /time Magazine | Title: Where's the Beef? Ghent Goes Vegetarian | 5/27/2009 | See Source »

...members of his Administration, Solicitor General Elena Kagan and Homeland Security Secretary Janet Napolitano as well as his fellow Chicagoan, Appeals Court Judge Diane P. Wood - Sotomayor was the candidate with whom the President was least familiar. But Sotomayor aced an hour-long interview with the President last Thursday at the White House, an official there says. "She is in many ways the combination of the experience and strong intellect he's looking for, as well as the personal life experience to bring to the court something it has never had before...

Author: /time Magazine | Title: Why Obama Picked Her | 5/26/2009 | See Source »

...What those decisions offer is a portrait of a moderately liberal jurist, one who may disappoint activists on the left who were hoping that Obama would choose a two-fisted progressive to trade punches with Justice Antonin Scalia, who anchors the conservative end of the court. On Thursday, when he met her for the first time, Obama, a former law professor, engaged Sotomayor, who rose to the federal appeals court in 1998, in a lengthy discussion about the court and the Constitution. Earlier Tuesday, a senior adviser to the President told TIME, "What the President told us afterward was that...

Author: /time Magazine | Title: Inside the Moderately Liberal Mind of Sonia Sotomayor | 5/26/2009 | See Source »

...fears that after its army's foray into South Ossetia in August, Russia would turn its attention to Ukraine's Crimean peninsula, which has a predominantly ethnic Russian population and is home to Russia's Black Sea Fleet. In an article in Ukraine's Den newspaper on Thursday, Yuriy Shcherbak, Ukraine's former ambassador to the U.S., wrote that political analysts close to the Russian leadership were keen to portray Ukraine, which has huge economic woes and a political élite riven by infighting, as a "failed state...

Author: /time Magazine | Title: Putin to the West: Hands off Ukraine | 5/25/2009 | See Source »

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