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...Minister of Health Gudlaugar Thór Thórdarson agrees that Iceland has sustained a blow to its psyche, "especially when Gordon Brown uses antiterrorism laws against Iceland," he says, referring to the British Prime Minister's move to invoke an antiterrorism law to freeze Icelandic companies' assets in the U.K. "The people here not only suffer financially - it also makes us feel bad." Indeed, says psychologist Ólafsson," Icelanders have always seen themselves as an independent people, and now we simply can't be as self-sufficient...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Treasury bills (second only to Japan's $593 billion), and it doesn't want to see these investments eroded by a slumping dollar. In addition, China is increasingly worried that an economic slump in the U.S. and Europe will curtail its export growth, dealing the Chinese economy a serious blow. To keep the prices of its exports competitive, Beijing has reversed a policy begun three years ago that allowed its own currency, the yuan, to gradually increase in value relative to the dollar. After rising 6.4% during the first half of 2008, the yuan has been flat against the dollar...

Author: /time Magazine | Title: Why the Buck Has Pluck | 10/16/2008 | See Source »

Minister of Health Gudlaugur Thór Thórdarson agrees that Iceland has sustained a blow to its psyche - "especially when Gordon Brown uses antiterrorism laws against Iceland," he says, referring to the British Prime Minister's move to invoke an antiterrorism law to freeze Icelandic companies' assets in the U.K. "The people here not only suffer financially - it also makes us feel bad." Indeed, says psychologist Ólafsson, "Icelanders have always seen themselves as 
 an independent people, and now we simply can't be as self-sufficient...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...think [Governor Palin] took a big blow to her credibility, and more certainly, to her campaign promises of being open and transparent...

Author: /time Magazine | Title: Troopergate's Walter Monegan | 10/14/2008 | See Source »

Martin paused to focus on her blow-drying, and Mary Champion - whose hair was being blown - took over. "McCain's not out here worrying about the high gas prices and high grocery prices. When he said the economy's strong ..." Champion seemed too irritated to finish the thought...

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

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