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...fact that Northern Rock has never really been in serious danger of going bust throughout this crisis scarcely mattered amid the clamor to withdraw funds. "When people hear the words 'emergency' and 'bail out,' then concerns outweigh those statements saying 'the bank's solvent,' " says Nic Clarke, a banking analyst at Charles Stanley in London. "It doesn't really matter if the rationale is right or wrong - they're voting with their feet...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

...formidable challenges. The credit crunch and dry interbank lending market will make it more difficult for Northern Rock to finance new mortgages at competitive rates. And with its share price still in tatters, it could soon find itself bought out by rivals. (Its stock slumped again on Sept. 19, amid rumors of an imminent takeover bid.) Are other British banks similarly vulnerable? Less so, since they never relied on the credit markets to the degree Northern Rock did. Even so, "we'll see a slow pull back" in their reliance on other banks for cash, reckons BGC Partners' Wheeldon. Looking...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

...what goes on in the privacy of a marriage simply because he arranged it. But state prosecutors have long looked for some way to penetrate the remote FLDS enclave, whose apostate refugees tell stories of exploitation of children as workers, of incest and of sexual abuse. Sitting in court amid the throngs of reporters and silent church members was Utah attorney general Mark Shurtleff, a Republican and a practicing Mormon, come to offer moral support to his team. He has called Jeffs "a religious tyrant, a demagogue" with an "absolute disregard for the laws of the nation, of the state...

Author: /time Magazine | Title: The Polygamy Paradox | 9/20/2007 | See Source »

...Students will assume the Coop is more expensive and simply buy all of their books online instead of comparing prices and splitting the purchases amid various places...

Author: By Jarret A. Zafran | Title: Cooperative Injustice | 9/20/2007 | See Source »

Popkin said she was surprised to see the course—which she believes will “not be just fluff”—offered amid what she thought was the College’s traditionally conservative offerings...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: Students Shop Off the Beaten Path | 9/20/2007 | See Source »

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