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...HBOS and Bradford & Bingley, the big question now is what sort of new regulatory measures will be put in place as a result of the current market meltdown. Fraser, the City's policy head, is hoping that any changes will be peripheral. "We'd be in much greater danger if financial services accounted for just 3% of the economy," he says. "Politicians recognize it as an important industry and are sensitive to the issues...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

That's the danger of a teeming cast of malefacting characters: they get jumbled in the viewer's mind, and slack-jawed apathy ensues. Novels can afford a rich banquet of personalities; it's what readers sign up for. But ratiocination isn't welcome in modern movies, which prefer visceral impact over intellect. Not that the film should kowtow to ignorance--only that it might have streamlined the dramatis personae, the better to concentrate on the plot...

Author: /time Magazine | Title: Body of Lies: Leonardo of Arabia | 10/9/2008 | See Source »

...University, was a prescient doomsayer. In 2005, when everyone else was bullish, he wrote to his shareholders that global markets looked "very treacherous" and warned about rampant borrowing "to speculate in real estate." In 2006, he derided the notion that "business cycles have been banished" and spoke of the danger of "extreme events in which the entire financial system experiences distress." He added: "The absence of fear continues to astonish me. I fear the absence of fear...

Author: /time Magazine | Title: One Financial Doomsayer Sees More Doom Ahead | 10/8/2008 | See Source »

...embassy. Russian Countess Anca Vidaeff, who lived across from the embassy's side entrance, even held a three-day hunger strike to protest what she claimed was inadequate security. "My property is my pension but I cannot rent or sell my house and my life is in danger," she told the press...

Author: /time Magazine | Title: US Embassy in London to Move Down-Market | 10/6/2008 | See Source »

...million North Koreans dead. Though aid workers say the country is not facing a full-blown famine, the shortage appears to be the worst food crisis since the 1990s. Erica Kang, director of the Seoul-based human-rights group Good Friends, says a "few hundred thousand people are in danger or at risk of famine" in North Korea. Marcus Noland, an expert on the North Korean economy at the Peterson Institute for International Economics in Washington, believes that "hunger deaths are almost surely returning...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

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