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...Will more companies have to step in and prop up the value of their money market funds? Probably. Will more funds break the buck? Maybe. But short of having all your money in FDIC-insured bank accounts, which most likely carry lower yields, there aren't that many options that are safer...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

...nuanced, too dispassionate, too above-the-fray cool. They want him to run straight at McCain's distortions, throw some fastballs, show voters he's a scrapper. They fear that his message of change has grown stale, that his efforts to paint McCain as another George W. Bush aren't working, that Sarah Palin flat-out stole his mojo. They're even second-guessing his tactical decisions: Why did he send staff to the state of Georgia? Why isn't he using the Wall Street meltdown to bash McCain's support for privatizing Social Security...

Author: /time Magazine | Title: Where's the Fire? | 9/18/2008 | See Source »

Despite everything I'd ever heard, I quickly discovered that models aren't that hot. They're interesting-looking and striking and seem scary to talk to, but they didn't turn me on. I was so confused by this that I went backstage at the Donna Karan show to get an up-close look at Arlenis Sosa, who I was told is the new face of fashion. Sosa, 19, was pretty and awfully nice but mostly just really tall and outrageously skinny. Though she bragged to me about having just finished a salad and a kiwi, she paused when...

Author: /time Magazine | Title: Fashion Frills | 9/18/2008 | See Source »

...steer the Senator back to a clear answer on Spain, but McCain never directly addressed the nation, saying, "What I would say is that my record is that of someone who has worked in a friendly atmosphere with those who are our friends and faced up to those who aren...

Author: /time Magazine | Title: The Pain in Spain Falls Mainly on McCain | 9/18/2008 | See Source »

...Wary sovereign wealth funds from Arab countries aren't likely to rush in to buy the assets of Western financial companies just yet, according to Sfakianakis. Some have already been burned, like the Kuwait Investment Authority, which bought Merrill Lynch shares worth billions earlier this year only to see the stock plummet in recent months. So for now, Arab investors are likely to refocus on infrastructure projects in their own countries that create real value and services for their economies, which are bound to keep growing even in the midst of a Western financial crisis...

Author: /time Magazine | Title: The Slump Hits the Gulf: No More Palm Islands? | 9/17/2008 | See Source »

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