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...financial companies that have been torpedoed by the subprime crisis - and the worldwide consequences of an unfolding crisis of confidence among their customers and business partners. The Monetary Authority of Singapore, the city's financial regulator, stated that the financial resources of AIA currently met its requirements - an attempt to assure the public that there was no reason for panic. But after the failure of investment bank Lehman Brothers, the sale of Merrill Lynch, and the bailout of home-mortage giants Fannie Mae and Freddie Mac, hundreds of Singaporeans were taking no chances. Standing in the crowd outside...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

House Democrats passed a bill Tuesday night that would end a 26-year ban on drilling for oil in federal waters 50 miles or more from the Atlantic and Pacific coasts - in a belated attempt to find political shelter from Republican election attacks over gas prices. But even as House Speaker Nancy Pelosi steered the bill through procedural hurdles to passage during the day, Senator John McCain demonstrated the continued power of the issue on the campaign trail...

Author: /time Magazine | Title: Democrats Join the 'Drill, Baby, Drill!' Chorus | 9/17/2008 | See Source »

...Democratic attempt to get onboard the drilling bandwagon may not, in the end, make a lot of political difference. For starters, the Senate compromise bill will face several hurdles when it comes to the floor next week (some Democrats worry that it may be scuttled by a group of Senators headed by McCain's friend Lindsey Graham of South Carolina). And even if the Senate bill does pass, Democratic aides admit that at this late date, it may have as little impact on voters as drilling itself will have on gas prices by Election...

Author: /time Magazine | Title: Democrats Join the 'Drill, Baby, Drill!' Chorus | 9/17/2008 | See Source »

...issue also includes articles about sports, movies, the presidential election, and a female Harvard student’s attempt to get onto reality television...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Nude Mag Goes Live Online | 9/16/2008 | See Source »

...families. During the 1980s and 1990s, the Medellin cartel responded to a government crackdown by killing hundreds of civilians with bombs placed on street corners, cars and even one passenger jet. Mexican gangs first started using bombs last February, when an alleged hitman blew himself up in a botched attempt on a police official. In July, two botched car bombs caught fire in the northern state of Sinaloa. The drug gangs have long used grenades in fighting with police and rivals...

Author: /time Magazine | Title: Terror Bloodies Mexico Celebrations | 9/16/2008 | See Source »

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