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Exactly 12 months ago, as rival European banks scented the first whiff of danger in America's mortgage market, the Royal Bank of Scotland had other business in hand. As French, German and Dutch banks confessed to being hit by their exposure to soured U.S. sub-prime mortgages, an RBS-led consortium was closing in on its eventual $100 billion buy-out of Dutch rival ABN Amro, the banking industry's biggest ever takeover. One year on, and Britain's second-largest lender is still making news - though these days it's much less welcome. On August 8, RBS announced...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...This is a really serious problem," says Dr Waine. "We're in danger of producing a generation of children with a shorter life expectancy. We can't just say that's acceptable...

Author: /time Magazine | Title: Dear Parents: Your Child Is Fat | 8/8/2008 | See Source »

...province, which makes up nearly one-fifth of China's landmass, shares long borders with both Afghanistan and Pakistan, home to jihadist movements such as the Taliban and al-Qaeda. Chinese security officials have repeatedly stated that the possibility of a terrorist attack by Xinjiang separatists is the greatest danger to the Olympics - though critics say much of the government's credibility has been lost by its repeated "conflation of violent and nonviolent" opposition to Chinese rule, as Nicholas Bequelin, a China researcher with New York City - based Human Rights Watch, puts...

Author: /time Magazine | Title: An Olympic-Sized Security Blanket | 8/8/2008 | See Source »

...hard fight for working Americans. Clinton beat Obama in most of the last 13 primary contests, including wins in several industrial swing states that could decide the November election. The McCain campaign hopes Obama, who holds a stable but slim lead in national polls, does not realize the danger he is in. "It's the oldest cautionary tale in literature," says a McCain adviser with a smile. "Hubris...

Author: /time Magazine | Title: A Whole New McCain | 8/7/2008 | See Source »

...Solzhenitsyn published a memoir, Invisible Allies, in which he honors the people who helped him protect his writings from the state. It reads like a spy novel--coded messages, boxes with false bottoms--yet the danger was real. Were it not for these friends, from the fellow zeks (labor-camp inmates) who assisted him to the foreign journalists who smuggled out manuscripts, Gulag might not have seen the light...

Author: /time Magazine | Title: Aleksandr Solzhenitsyn | 8/7/2008 | See Source »

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