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...summer, the Administration's plan to help worthy mortgage holders reduce their monthly payments should show early signs of slowing the year-long acceleration of foreclosure rates. If unemployment and desperation among people with homes worth less than their mortgages leads a greater and greater number of mortgage holders to send their keys back to their lenders, the first, and most important step the government has taken to reverse the collapse of housing will become a disheartening symbol that the Administration and Congress have not solved a big part of the cause of the recession...

Author: /time Magazine | Title: The Economy Moves to the Waiting Room | 5/11/2009 | See Source »

...long from now, in June or July, Americans will get to take stock of a year's worth of economic carnage and a half-a-year of government effort to revive a moribund credit and financial system. If there are no signs of a recovery, tens of millions of people will experience a bewilderment which is entirely new to them...

Author: /time Magazine | Title: The Economy Moves to the Waiting Room | 5/11/2009 | See Source »

Democracy in South Africa Re "Why South Africa's Over the Rainbow" [April 20]. While the concern around a Zuma presidency is warranted, opposition parties to the ANC will fight to prevent the country sliding into chaos. South Africa is the greatest country in Africa, and is worth fighting for. S.K. Sonderup, PORT ELIZABETH, SOUTH AFRICA...

Author: /time Magazine | Title: Navigating America's Other War | 5/11/2009 | See Source »

...mouth in a grimace of disdain, as if trying to spit out the memory of last night and all the other last nights. A 40-year-old alcoholic who keeps embarrassing herself out of gainful employment, the lead character of Erick Zonca's Julia would seem a figure worth only pity or derision. But because she's incarnated by uber-actress Tilda Swinton, Julia also merits awe. She's not kidding when she says, "I have this unbelievable power over men." Among discerning moviegoers, men and women alike...

Author: /time Magazine | Title: Why Tilda Swinton is the Queen of the Indies | 5/10/2009 | See Source »

...guides the world," the Pope said. "Muslims worship God, the Creator of Heaven and Earth, who has spoken to humanity." The Pope seems to still believe that this distinction - between Christian faith that is "purified" by human reason, and Muslim faith that is simply received from God - is worth deeper exploration with his Islamic counterparts. (Read about the five things the Pope must do on his Mideast trip...

Author: /time Magazine | Title: Pope Benedict's Latest Take on Islam | 5/9/2009 | See Source »

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