Word: creditably
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...playing the lead. In 1997, Asian countries sent ripples through the global financial system, beginning with Thailand's devaluation of the baht after a collapse of the nation's real estate bubble. In 2007, it is the U.S. and its subprime mortgage borrowers causing the greatest disturbance in credit markets in a decade. At the root of the turmoil is aggressive lending to American home buyers who previously were unable to obtain credit. Financial engineers pooled these loans together and sold off pieces representing different presumed levels of risk. In the process, the nonbank financial institutions buying these "structured credit...
...seen as an economic savior who will curb the crippling inflation that plagues Pakistan today. Corruption charges against him, including money laundering through a paper mill to the tune of about $31.5 million, are glossed over as opposition propaganda. (Sharif denies the charges.) He even gets credit for standing up to the Indians at Kargil, and is lionized as a hero for the nuclear tests he conducted. "He is a true patriot," says Naveed Khawaja, a 40-year-old office worker in Rawalpindi...
...Sauvignon Blancs of the Marlborough region farther to the north--including Cloudy Bay, now owned by French luxury group Moët Hennessy Louis Vuitton--that really put New Zealand wines on the map. Yet plenty of wine connoisseurs remained skeptical about Central Otago Pinot Noir. Neill makes sure to credit his mentors: the late Rolfe Mills of Rippon winery, who started to plant in 1976, and Alan Brady, who today co-helms a two-man boutique winery called Mount Edward. "It's a small region, and we cooperate with each other," says Neill. "Everyone helps everyone else and pools their...
...months ago. "Having a jobs report come in negative does not mean that a recession has started," says managing director Lakshman Achuthan. But the risk is there, and Achuthan guesses it will worsen if loan markets fail to calm down. If a month from now a borrower with good credit still can't get a jumbo mortgage at a reasonable rate, a recession will be much likelier...
...unhappy family, who left home, burned his money, changed his name to Alexander Supertramp and in 1992 walked off into the Alaskan wilderness. He died there of starvation 16 weeks after he arrived. What was he looking for? Penn and Vedder--who are a lot funnier than they get credit for--talked to TIME'S LEV GROSSMAN about this and other profound questions, like how you keep a huge grizzly bear happy on a movie...