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...have enough money for a down payment so that they might "monetize" the tax credit and get the cash up front. Down-payment assistance is considered by many to have contributed to the crisis because it helped people buy homes they couldn't really afford. Anyone who doesn't understand that it's a bad idea to push people into buying houses when they're not ready to hasn't been paying attention for the past two years. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: Should the Home-Buyer Tax Credit Be Allowed to Expire? | 9/28/2009 | See Source »

Edward Kennedy died at Chappaquiddick, along with Mary Jo Kopechne. It's hard to understand how a major figure like Ted could emerge from such a personal disaster, give such a thoroughly unconvincing explanation, and yet continue to pitch for high office. In the U.K. he'd have been finished, no matter how personable he and his brothers might have been. Robert F. Birkett, DRINKSTONE GREEN, ENGLAND...

Author: /time Magazine | Title: Teddy's Legacy | 9/28/2009 | See Source »

...passed, nations like Japan are pledging deep emission cuts and hundreds of billions of dollars are being spent on green stimulus for recovering economies. But the world is late - and time is short. "Our political method has so far failed to grapple with reality," says McKibben. "We have to understand that the negotiations aren't just between the U.S., the E.U. and China. We're trying to negotiate with chemistry and physics - and they don't negotiate...

Author: /time Magazine | Title: G20 Leaders Agree, Broadly, on Climate Change | 9/26/2009 | See Source »

...government all together. Now Mr. Obama is seeking to restructure the American image all across the world. Well, he must refrain from making the same mistakes. This is simply a friendly advice that will be in Mr. Obama's favor. Otherwise, if you leave it to nations themselves, they understand what is going on. They can analyze the situation and compare things with one another and finally make up their own minds, but at the end of the day such statements really do not help restore America's image. I mean I don't know, maybe the US government sees...

Author: /time Magazine | Title: TIME's Interview with Iranian President Mahmoud Ahmadinejad | 9/25/2009 | See Source »

...belief system of the people of Afghanistan. Afghanistan's problems do not have a military solution, but rather it needs a humanitarian solution and we know ways around to do that because we live in one area and we have the cultural and historical ties. We know each other, understand each other, each other's cultures and ways of life and traditions. In the past 100 years, no foreign military force has been able to leave Afghanistan victoriously. If the US decision makers were fully aware of the extent of this history they would have revised their policies...

Author: /time Magazine | Title: TIME's Interview with Iranian President Mahmoud Ahmadinejad | 9/25/2009 | See Source »

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