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...good news, relatively speaking, is that these loans are very concentrated: about 75% of all option ARMs were written in California, Florida, Arizona and Nevada, with the vast majority of those in California. In that way, the option-ARM problem is localized. People living in Phoenix, Las Vegas and California's Inland Empire, which have high concentrations of option ARMs, can expect to see renewed downward pressure on home prices. But the trend won't spread nationally...

Author: /time Magazine | Title: How Big Is the Threat from Option ARMs? | 2/19/2010 | See Source »

...genomes of Tutu and an indigenous Bushman from Namibia were decoded by an international team of more than 50 scientists for a study published this week in the journal Nature. Researchers also decoded partial genomes of three other Bushmen elders. The scientists discovered vast genetic differences between the men. In one case, two Bushmen who lived within walking distance of each other were genetically more diverse than a typical European and Asian are. (See the top 10 scientific discoveries...

Author: /time Magazine | Title: What Secrets Lie in Archbishop Tutu's Genome? | 2/18/2010 | See Source »

Republicans have much less to lose than the President does. If they offer good solutions and work with Democrats to find areas of agreement, they will have met the country's test for bipartisanship. If they refuse to support Big Government, big-spending legislation, they will have a vast majority of the country on their side...

Author: /time Magazine | Title: Newt Gingrich: It's Time to Team Up | 2/18/2010 | See Source »

...economy shaken and unemployment sky-high, with the federal debt mounting by the trillion as Washington politicians pay lip service to fiscal responsibility (picture a sermon on humility delivered by Shaquille O'Neal), an outbreak of outrage was inevitable. The Tea Party movement is just one expression of a vast discontent unsettling the country. Recent polls have found that two-thirds of Americans describe themselves as dissatisfied or angry with their government - a huge, not-so-silent majority that ranges from conservatives convinced that Obama is a Maoist to liberals convinced that he is a corporate tool to Obama loyalists...

Author: /time Magazine | Title: Why the Tea Party Movement Matters | 2/18/2010 | See Source »

...Children, Catholic Relief Services and Relief International, insist that it's better for aid workers to help identify and make the effort to locate those kids' relatives - and place them in temporary foster-style care with network-monitored and supported families - than to hand them over to orphanages. The vast majority of the children, they say, have an immediate or extended family member out there who is willing to take the child if contacted...

Author: /time Magazine | Title: UNICEF Seeks to Keep Kids Out of Haiti Orphanages | 2/18/2010 | See Source »

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