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...prevent a worsening of the housing situation, the White House is expected to announce today a new set of programs to shore up the market, including one that will cut the amount owed on troubled mortgages. There is also expected to be an upward bump in the cash incentives to lenders who reduce mortgage principals as part of loan modification, as well as a requirement that lenders trim monthly mortgage payments for the newly unemployed for a period of several months...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...lobbyists in the months ahead. Their ability to keep tough protections as well as develop regulations and structures in concert with the international community will determine whether these regulations are meaningless or create a new foundation for the financial system—and the latter is absolutely necessary to prevent another international crisis...

Author: By Ravi N. Mulani | Title: A Full Overhaul | 3/25/2010 | See Source »

...round even after the disastrous results of the first round on March 14. Rather than tweak the right's message, Sarkozy focused on a get-out-the-vote push to urge conservatives to go to the polls, a move that helped to slightly increase voter turnout but failed to prevent the left's landslide win. Now Sarkozy may have to accept a change of tactics. Says Stéphane Rozès, president of the Paris-based Cap political consultancy: "The question [voters are] asking isn't about whether conservative policies and reform in France is what they want - they...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

When Secretary of State Hillary Clinton addressed the Israel lobbying group AIPAC on Monday, one of her best-received lines was her vow that "the United States is determined to prevent Iran from acquiring nuclear weapons." Israel and its advocates in Washington see Iran's nuclear program, rather than the conflict with the Palestinians, as the prime issue in the U.S.-Israel conversation. So Clinton talked up the Administration's efforts to halt Iran's uranium-enrichment program, citing "a growing international consensus on taking steps to pressure Iran's leaders to change course." Europe was on board, she said...

Author: /time Magazine | Title: Washington's Shrinking Options on Iran Sanctions | 3/24/2010 | See Source »

...does the Obama Administration make good on its promise to prevent Iran from acquiring nuclear weapons? One of Clinton's predecessors, former Secretary of State Colin Powell, has some unsolicited advice: "I don't see a set of sanctions coming along that would be so detrimental to the Iranians that they are going to stop [their nuclear] program," Powell said in an interview with Bloomberg TV to be broadcast next weekend. "So ultimately, the solution has to be a negotiated...

Author: /time Magazine | Title: Washington's Shrinking Options on Iran Sanctions | 3/24/2010 | See Source »

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