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Everyone who is in the market for a home loan is jumpy these days. Not only have rates risen sharply from midyear record lows, but they have never been more volatile. Since mid-July, the average rate on a 30-year fixed mortgage has fluctuated as much as .25% a day at least 10 times, according to the Mortgage Market Guide. That's not normal; over the two years before mid-July, rates bounced that much in a day only once...

Author: /time Magazine | Title: Money: Locked In...or Out? | 8/25/2003 | See Source »

...affluent and socially important new stars into virtually every Russian home. Though 40% of the Russian population "cannot afford toothpaste," according to the Moscow daily Izvestia, everyone seems to be playing or watching tennis. They read that Kournikova is now worth at least $30 million. They hear of Sharapova, risen from poverty in the Black Sea town of Sochi and now happily settled in the U.S. "For the poor in Russia," says Moscow coach Vladimir Altukhov, "tennis now stands for [what] the NBA does for the poor blacks in the U.S.: their only chance of making it." Zhbanova...

Author: /time Magazine | Title: Tennis, Everyone? | 8/24/2003 | See Source »

...home considerably safer from attack now than they were two years ago, but al-Qaeda's objective is not to defeat the U.S. at home; it is to drive the U.S. out of Muslim lands. The standing of the U.S. in Arab and Muslim countries has declined, rather than risen, in the two years since 9/11, and that more than anything will help sustain al-Qaeda...

Author: /time Magazine | Title: Terror and Turbulence Will Follow Bush Into His Reelection Year | 8/21/2003 | See Source »

...other women witness from the foot of the Cross, the male disciples having fled. On Easter Sunday morning, she visits Jesus' sepulcher, either alone or with other women, and discovers it empty. She learns--in three Gospels from angels and in one from Jesus himself--that he is risen. John's recounting is the most dramatic. She is solo at the empty tomb. She alerts Peter and an unnamed disciple; only the latter seems to grasp the Resurrection, and they leave. Lingering, Magdalene encounters Jesus, who asks her not to cling to him, "but go to my brethren...

Author: /time Magazine | Title: Mary Magdalene: Saint or Sinner? | 8/11/2003 | See Source »

...readings about Magdalene from the four Gospels. There was no priest, but Turner herself read what, if this were a Mass, might be a homily. "From the beginning," she intoned as the sun sank over Silicon Valley, "her view has been ignored, unappreciated. The first to see the risen Lord--those with more power have sought to marginalize her. Yet she is faithful. She remains. She cannot be silenced." --Reported by Lisa McLaughlin

Author: /time Magazine | Title: Mary Magdalene: Saint or Sinner? | 8/11/2003 | See Source »

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