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...other day," Wagoner says, "I had a visit from a corporate executive who moved to town and bought a house." Which should be fine; a big wheel need not fear a big mortgage. But this guy's one strike was moving from Florida, where the real estate market is so screwed up that judges in one county are hearing nearly 1,000 foreclosure cases a day. Mr. Exec was stuck with his old house too, and that one was dragging him down, down - until there was nothing left to do but pay a visit to the bankruptcy attorney. " I would...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...know the extent of the eruption, you really tend to overreact when you don't need to. We can also give practical information - telling people about ash flow or when a mudflow is coming down a river valley - that has really high stakes. In 1985, an entire town in Colombia, Armero, was obliterated and [about] 23,000 people were buried alive when a relatively small eruption melted snow and ice on a volcano and sent it rushing down this river valley. Scientists knew the eruption had occurred, but the communications process broke down. People in bed or watching a soccer...

Author: /time Magazine | Title: What Do Volcano Monitors Do? | 2/27/2009 | See Source »

...heavy symbolism were more subtle and more imaginative. “Crossing”—filmed in China, Korea, and Mongolia—tells the story of Yong-soo (Cha In-pyo), a former soccer player now living in poverty in a North Korean coal mining town with his pregnant wife and their young son. When Yong-soo’s wife—who is mysteriously left nameless—falls ill with tuberculosis, exacerbated by malnutrition, Yong-soo makes the difficult decision to attempt an illegal crossing into China to obtain the medicines his wife...

Author: By Isabel E. Kaplan, CONTRIBUTING WRITER | Title: Crossings | 2/27/2009 | See Source »

...state, he argued, than the members representing those populations? "Since we've been a country, we have had an obligation as a Congress to help direct spending," Reid told reporters on Capitol Hill. "We cannot let spending be done by a bunch of nameless, faceless bureaucrats buried in this town someplace...

Author: /time Magazine | Title: Does Obama Have a Double Standard on Earmarks? | 2/26/2009 | See Source »

...Pakistan's domestic militants have faced a four-pronged assault since last summer, with counterinsurgency campaigns by Pakistani troops in Swat, Bajaur and the town of Dara Adam Khel - home to a notorious militant arms industry - along with stepped-up CIA-directed missile strikes from pilotless drone aircraft. The seriousness of the Pakistani effort was underlined by the scores of casualties suffered by the military, particularly in Bajaur. The military believes it has the Taliban on the ropes in Bajaur and says the truce there is simply to give Taliban members an opportunity to surrender their weapons. The cease-fire...

Author: /time Magazine | Title: Shifting Alliances Complicate U.S.-Pakistan War Against Militants | 2/26/2009 | See Source »

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