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...effort to stem foreclosures and the depressed house prices they perpetuate entered a new phase on Tuesday as Fannie Mae and Freddie Mac announced a fast-track program meant to make hundreds of thousands of mortgages affordable to people who can't currently meet their monthly payments. The roll-out follows on the heels of new loan modification programs at JP Morgan Chase and Citigroup, but the move at Fannie and Freddie, which together hold or guarantee some 58% of single-family home loans, has the potential to reach much farther since the mortgage industry often takes its cue from...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...nation's leading Evangelical voices, called such a "usurpation" hard to fathom. Imagine, he said, how much more controversial Roe v. Wade would be now had the court issued the decision after more than half the states had held statewide elections on the issue. "Tuesday's rulings have made it much more costly for any court to reach a conclusion in favor of gay marriage," he said...

Author: /time Magazine | Title: Activists Rethink Their Gay-Marriage Tactics | 11/11/2008 | See Source »

...look now, but here comes Europe's violent extreme-left again. Two decades after French police busted the radical group Action Directe, which waged a bloody urban guerrilla war during the 1970s and 1980s against French business and military interests, French authorities on Tuesday nabbed a group of anarchists suspected of having sabotaged the nation's high-speed rail system over the last several weeks. The arrests aim not only to put an end to the spate of vandalism that had wreaked havoc and panic among French travelers for the past two weeks; they may also derail any violent plans...

Author: /time Magazine | Title: French Anarchists Charged With Rail Sabotage | 11/11/2008 | See Source »

...police raids took place early Tuesday morning in Paris and in four other sites in France. A total of 20 people were arrested, and by mid-day 10 of those had been officially placed under investigation for participating in the spree of potentially deadly sabotage. In most of those incidents, hooked metal bars had been attached to high-voltage electricity lines that power high-speed trains; when the bars were snagged by passing locomotives, they plowed a path of destruction through high-voltage power lines. A total of six incidents of sabotage were recorded since Oct. 26, including a coordinated...

Author: /time Magazine | Title: French Anarchists Charged With Rail Sabotage | 11/11/2008 | See Source »

...They speak a very radical language, and have ties to groups abroad," said French Interior Minister Michèle Alliot-Marie in announcing the arrests Tuesday. "Since becoming minister, I've noted the risks of the resurgence of a violent radical left (given) the radicalization we've observed in it over the past three or four years...

Author: /time Magazine | Title: French Anarchists Charged With Rail Sabotage | 11/11/2008 | See Source »

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