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...great majority of Americans who don't happen to work in the financial industry, the ramifications of all this turmoil on Wall Street remain hard to assess. ATMs are still dispensing cash, credit card offers keep arriving in the mail, and it's not even all that hard to get a mortgage - if your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline...

Author: /time Magazine | Title: Financial Meltdowns: How Big a Blow? | 9/15/2008 | See Source »

...string of branches, he reported to his new job in less than 24 hours. Through a series of purchases made by McColl, NCNB turned into NationsBank, which turned into Bank of America, which in time grew to become the nation's biggest retail bank, home loan provider and credit card issuer...

Author: /time Magazine | Title: Kenneth Lewis | 9/15/2008 | See Source »

...play. Then only minutes later, Harvard gave the Badgers a sixth attempt on which Wisconsin was finally able to convert. Off of a perfect cross, a diving Badger forward headed the ball in past a diving Mann. It was the only blemish on the standout keeper’s card on the day. But after the goal, the Crimson responded, picking up the tempo and eventually regaining control of the ball. And in the end, the team came just inches of a post away from a victory. “I’m really pleased with the way they...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Crimson Defense Keys Two OT Draw | 9/14/2008 | See Source »

...group then proceeded to beat him to the ground and steal his gym bag, which contained his cell phone, iPod, and credit card, as well as various clothing items. The assailants fled towards Mass...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Harvard Student Robbed Walking Through Cambridge Common | 9/14/2008 | See Source »

...might have seemed to be in luck: The wallet was found by an honest woman, who delivered it, with its contents intact, to a police station. Unfortunately for the young rikishi, as sumo wrestlers are known, the contents of his wallet included not only money and his alien registration card, but also a joint containing 0.368 grams of marijuana. On August 18, Wakanoho was arrested, and a search of his residence turned up a marijuana pipe. The sumo fraternity was scandalized by the first-ever arrest of one of its high-ranking number, and the 20-year-old Russian...

Author: /time Magazine | Title: Scandal in Sumo Land | 9/12/2008 | See Source »

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