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...Originally from Philadelphia and raised in Miami, Barofsky was the youngest of three children; his father, Stephen, called Barofsky's two older sisters "tough" on their little brother - early training for what a former colleague called his "sharp and sometimes withering...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

...benighted lawlessness that plagues not only Guatemala but most of the rest of Central America too. Younger Guatemalans, organizing protests via social-networking sites such as Facebook and Twitter, have turned out by the thousands to protest their putrid judicial system and festoon Rosenberg's murder scene with banners. "Older people say they haven't seen an awakening like this in 60 years," says Alejandro Quinteros, 26, a cherubic fast-food manager and political novice who helps lead the National Civic Movement. "We're not afraid anymore...

Author: /time Magazine | Title: In Guatemala, Chasing Away the Ghost of Alvarado | 7/20/2009 | See Source »

While the recession hasn't spared any age group, it's been particularly brutal for older Americans who were counting on their (now shrunken) nest eggs to last through their retirement years. To supplement their stash, an increasing number of seniors are turning to reverse mortgages, which function essentially as a cash advance on their home equity, repaid only when they sell their home or die. The loans are available to those 62 and over, and lenders have to eat the difference if a home ends up declining in value. In the three months after February--when a provision...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

Comptroller of the Currency John Dugan recently noted that reverse mortgages, like some flavors of the infamous subprime mortgages, are too complex for many seniors to understand. "Millions of older Americans still have a lot of equity in their homes, and it's tempting for them to tap into this pot of money," he says...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

...brother Paul, who's eight years older, were Harry Potter fans. In fact Paul had always thought the characters from Harry Potter would make a great band: Ron on guitar, Hermione on bass, Hagrid on drums (natch) and Harry up front. "We'd kind of been talking about the idea but never done anything," Paul remembers. Joe and Paul proceeded to become this band. In one day, the brothers wrote, rehearsed and performed six songs about life at Hogwarts. The set list included "Platform 9 and ¾" and "Wizard Chess." To solve the personnel issues, or possibly compound them, both...

Author: /time Magazine | Title: The Boy Who Rocked | 7/20/2009 | See Source »

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