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...added urgency by the meltdown in global markets at the end of last week - the bailout is breathtaking for its scale. British taxpayers are on the hook for a $34 billion investment in the Royal Bank of Scotland (RBS), Britain's second-largest lender, a cash injection amounting to almost double the bank's current market capitalization. Most of the investment will take the form of ordinary shares, which private investors are invited to purchase along with the government. But under the deal, those shares yield no dividends until the government recoups its stake, which it will hold...

Author: /time Magazine | Title: Britain Sets Details of Huge Bank-Bailout Plan | 10/13/2008 | See Source »

Like the world outside the theater, the modern audience for ballet has almost unanimously decided that ours is an era for change, that ballet should not be a museum of artifacts but rather a constantly evolving gallery of new acquisitions. This is largely why the young choreographer Christopher Wheeldon was brought into the New York City Ballet as its resident choreographer in 2001. Widely heralded as the heir to the great neo-classical choreographer George Balanchine, he was entrusted with transforming the company for our post-Balanchine century creating what he called “a world that...

Author: By Erica A. Sheftman, CONTRIBUTING WRITER | Title: Ballet’s Kaleidoscopic ‘Night of Stars’ | 10/13/2008 | See Source »

Robbie's response this time was almost a sigh of resignation. "Think I don't know that?" he said softly...

Author: /time Magazine | Title: For White Working Class, Obama Rises on Empty Wallets | 10/12/2008 | See Source »

...harsh verdict? Consider the report's findings. Not only did people at almost every level of the Palin administration engage in repeated inappropriate contact with Walt Monegan and other high-ranking officials at the Department of Public Safety, but Monegan and his peers constantly warned these Palin disciples that the contact was inappropriate and probably unlawful. Still, the emails and calls continued - in at least one instance on recorded state trooper phone lines...

Author: /time Magazine | Title: What the Troopergate Report Really Says | 10/11/2008 | See Source »

...home from a political event near the provincial capital of Klagenfurt just after 1 A.M. when he lost control of his vehicle on damp pavement while overtaking another car. He skidded off the road and plowed into a concrete pole. The car flipped repeatedly before coming to rest almost 40 yards away, according to police. Haider was wearing a seat belt but died almost instantly of massive injuries to the chest and head, police said. His neck may have been broken and his left arm torn from his body. He is survived by his wife and two daughters...

Author: /time Magazine | Title: Joerg Haider's Troubled Legacy | 10/11/2008 | See Source »

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