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...insurer AIG, has been asked by Indian insurance regulators to show proof of its solvency. The market turbulence is especially worrying for India's middle classes, who have just begun investing on their own in a big way. (A new Bollywood movie, Saas, Bahu aur Sensex - Mother-in-Law, Daughter-in-Law and the Sensex - captures the craze.) Bhandarkar, an avid investor himself, is worried: "How can a $60 billion loss not have an impact?" When it does, the party may finally have to end. - by Jyoti Thottam...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

...money represented almost all of her and her husband's life savings, she says. It had been intended to help her navigate the Chinese medical system on her daughter's behalf, and was going to be used to settle what Zhu calls "the fees and occasional small payments" (bribes) that are critical to making sure she gets the best care. "We own our apartment, so that's OK," she says quietly. "But now I don't know whether I'll have enough. I should have been paying more attention." Putting the money under the mattress might have been a better...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

...Sarah is, in the end, a curious blend of Disneyesque prose ("Sarah Heath Palin is at heart a sister, a daughter, and the little girl who learned how to work hard, stand up for herself, and never tell a lie") and careful reporting about the veep candidate's early political life. Despite its often-flowery language, the book is a treasure trove for those hungry for more data on a public figure about whom little is known in the lower 48. No one will be able to close it without marveling at Palin's instant ascent to international fame. Keep...

Author: /time Magazine | Title: Sarah: The Palin Biography | 9/16/2008 | See Source »

...florist, a piano player - and a baker. We were shocked, and so grateful. It was a beautiful ceremony, if a touch bittersweet. Holly's parents, who evacuated Brazoria County ahead of Ike, couldn't get to Houston. She asked my dad to walk her down the aisle. My daughter was thrilled she got to be a flower girl as planned...

Author: /time Magazine | Title: My Family's Hurricane Ike Wedding Weekend | 9/14/2008 | See Source »

...husband, my daughter and I are back in my hometown for my brother's wedding. It was supposed to be a grand one, with dinner and dancing under a canopy of old oak trees in Brazoria County. But the county's been evacuated, and the bride's parents have fled to Hempstead, a small town northwest of Houston. The three of us decided to ride out the storm in downtown Houston with my parents in their sixth floor apartment...

Author: /time Magazine | Title: Riding Out Ike: What it Really Felt Like | 9/13/2008 | See Source »

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