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While precise numbers don't exist, anecdote suggests that not too many loans have been restructured under the original plan thus far. That, though, could largely be due to the complexity of implementing a new process - it takes time to change computer systems and train employees. CitiMortgage, the home-lending arm of Citigroup, officially began offering government-backed modifications only on April...

Author: /time Magazine | Title: Feds Offer More Help for Troubled Homeowners | 4/28/2009 | See Source »

...modernization of defense-industry facilities - is on its way. And why much of the money is heading to companies that produce prized exports such as the Sukhoi fighter jets. But finding enough talent to overhaul Russia's rusting production lines may prove tough. Defense companies did not recruit and train engineers during the recessionary 1990s, leaving the average age of a worker in the industry at about 60, according to Kozyulin...

Author: /time Magazine | Title: Russia Rearms | 4/27/2009 | See Source »

...finding engineers may actually prove easier than getting enough good recruits to bolster the army. The Kremlin plans to retire about half the army's 300,000 aging officers over the next three to six years, and train hundreds of thousands of fresh, paid soldiers in modern warfare. But today's high school graduates were born when Russia's birth rate hit an all-time low in the early 1990s, and were raised during the disastrous Chechen war. Near the decrepit train station of Vladimir, a military town near Moscow, an army-recruiting center promises a life of adventure...

Author: /time Magazine | Title: Russia Rearms | 4/27/2009 | See Source »

...this time, Kandinsky was on his own, artistically. The train of followers that he predicted in his book failed to materialise. And that new age he had been so sure of never did dawn. But after his death in 1944, his spirit lived on in the postwar design explosion that sprayed color onto a grey and battered world. And today, his work perfectly illustrates progress toward an ideal - a rarity in a world consumed with art for art's sake...

Author: /time Magazine | Title: Kandinsky: A Bright Future, Once | 4/27/2009 | See Source »

...happy that I could in some ways instigate the conversation. People who may not have considered the issue before considered it. But I think it was a train that was rolling along on its own. It didn't need a lot of help from...

Author: /time Magazine | Title: 10 Questions for Michael J. Fox | 4/27/2009 | See Source »

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