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...indication that there is a looming problem, one that needs to be addressed. The 26% figure comes from a series of consumer surveys that feed into the Booth Chicago/Kellogg School Financial Trust Index. In December 2008 and again in March 2009, 1,000 people were surveyed and asked, among other things, if they knew anyone who had defaulted on a mortgage, and if they knew anyone who had defaulted on a mortgage even if he or she could afford to make the monthly payment. By taking the ratio of the two answers, the economists calculated that more than a quarter...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...cornmeal and ground meat became destination dining. Food blogs hail the carts as some of the city’s best and the name “Red Hook Ball Fields” is now synonymous with street food delicacy. The carts have taken their place among New York’s ethnic cuisine elite—when the city threatened not to renew the vendors’ permit in 2007, dedicated eaters, including Senator Chuck Schumer, rallied for their survival...

Author: By Madeleine M. Schwartz | Title: A Day at the Ball Fields | 7/6/2009 | See Source »

...throat cultures taken before I drowsily fell back asleep. But unfortunately for me, the masked officials took more than that: They took my freedom. For the next week, I was quarantined inside an American University in Cairo’s dormitory due to a small outbreak of swine flu among the U.S. law students living here (figures...

Author: By Anna E. Boch | Title: Under Quarantine | 7/6/2009 | See Source »

...Urumqi is home to a number of universities, and students were reportedly well represented among the protesters. According to Alim of WUC, after the street protests had been stopped, Chinese security forces "stormed into Xinjiang University and several other universities, entering the dormitories and arresting students." He said many students were killed in front of the gates of the university by armed security forces shooting automatic weapons and using armored personnel carriers...

Author: /time Magazine | Title: China: At Least 140 Dead in Xinjiang Province Clashes | 7/6/2009 | See Source »

...Economic factors probably played a role in the protests, said Gladney, in part because of frustration among the large numbers of young Uighur men who cannot find work, a situation they often blame on the large influx of Han from other parts of China, whom they believe are given preferential treatment by both private and government employers. Gladney said he also believes that the street protests in Tehran and other Iranian cities that followed the recent presidential election there may have influenced protesters in Urumqi...

Author: /time Magazine | Title: China: At Least 140 Dead in Xinjiang Province Clashes | 7/6/2009 | See Source »

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