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...square mile) ice cap has trickled south and the race for polar resources has officially started, the international community is paying more attention to its largest island. By the end of this summer, some 3,400 scientists from 60 countries were working on the landmass. Both German Chancellor Angela Merkel and U.S. House Speaker Nancy Pelosi had dropped by to see the melting glaciers for themselves. And singer Björk dedicated a song to Greenland (and the Faroe Islands) - "Declare Independence" - on her latest album...

Author: /time Magazine | Title: Greenland to World: "Keep Out!" | 9/21/2007 | See Source »

...felt it had little choice but to step in with a definitive gesture to stem the panic. In an unprecedented move, the Treasury announced on Sept. 17 that it would guarantee all deposits held with Northern Rock. "I want to put the matter beyond doubt," announced Alistair Darling, the Chancellor of the Exchequer, putting British taxpayers on the hook for billions of dollars of Northern Rock deposits in the (extremely unlikely) event it did default. Users' cash squirreled away at the bank, he said, "will be guaranteed safe and secure...

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

...about the Northern Rock's solvency after it announced last week that it had requested an emergency line of credit from the Bank of England (lengthy lines of customers waiting to withdraw their savings have been a frequent sight outside Northern Rock branches for days), Alistair Darling, Britain's Chancellor of the Exchequer announced yesterday that the government itself would guarantee the bank's customers' money in the (very unlikely) event it failed. His office, he said, would "put in place arrangements that would guarantee all the existing deposits in Northern Rock during the current instability in the financial markets...

Author: /time Magazine | Title: U.K. Acts to Stem Bank Panic | 9/18/2007 | See Source »

...According to a report in the German magazine Der Spiegel, the results of the surveillance, codenamed "Operation Alberich," were discussed at the highest levels. President George Bush and German Chancellor Angela Merkel were updated on its progress over the past year, and the two leaders discussed the operation during the meeting of G8 leaders of industrialized countries in Heiligendamm, Germany, in June. The U.S. ambassador to Germany and Michael Hayden, the CIA director, brought it up regularly with German counterparts...

Author: /time Magazine | Title: U.S. Helped Nab German Suspects | 9/14/2007 | See Source »

...YORK—University President Drew G. Faust is the 47th most powerful woman in the world, according to a recent ranking by Forbes Magazine. While Faust’s ranking doesn’t quite measure up to German Chancellor Angela Merkel (number one) or Secretary of State Condoleezza Rice (number four), Harvard’s first female president does outrank First Lady Laura Bush (number 60), news anchor Katie Couric (number 63), and the presidents of several small nations. Out of the 100 women on the list, Faust is the only one with a job in higher education...

Author: By Laurence H. M. holland, CRIMSON STAFF WRITER | Title: Faust, Cited for Broad Influences, Makes Forbes List of World’s Most Powerful Women | 9/10/2007 | See Source »

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