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...most international of industries, with major banks spreading their activities across numerous countries and continents, yet regulation still takes place on a national or even more local basis. When banks run into trouble, it's unclear who is supposed to help or how. The favored solution so far - direct government intervention, like the $700 billion rescue package approved by the U.S. Congress or the British plan - isn't an option everywhere. Banks have become so big and so leveraged that their balance sheets can exceed the gross domestic product of the country in which they are based. That...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...that he’s palling around with terrorists who would target their own country.” Beyond Palin’s remark being a profound distortion of the senator’s relationship with former Weather Underground Organization member William Ayers, it’s also a direct contradiction of her days-old concession to the exact same point: America is exceptional, but it’s not perfect.Whether Palin has changed her mind about the perfection or imperfection of the country she (sort of) lives in, or whether her debate-night modesty was merely a concession...

Author: By James M. Larkin | Title: Exception to the Rule | 10/8/2008 | See Source »

...Sept. 23 launch, and now images are surfacing online of another eagerly awaited device: a new handheld from Research In Motion (RIM), the BlackBerry Storm. RIM hasn't officially launched the new device yet - and it declined to comment on the leak - but the Storm is clearly a direct assault on Apple's iPhone 3G and T-Mobile's G1. It's also an attempt to wow consumers with both a jazzy new design and an App Center filled with games and other add-on programs...

Author: /time Magazine | Title: BlackBerry's Storm Aims to Blow the iPhone Away | 10/7/2008 | See Source »

...long as Harvard men’s water polo follows the example set by its captains, of working hard in practice and in games, it will have the opportunity to direct these lessons towards a successful league season...

Author: By Ricky Liu, CONTRIBUTING WRITER | Title: Tune and Connolly’s Leadership Keeps Harvard Afloat | 10/7/2008 | See Source »

...these parts that reporters have to call Iowa if they want a comment. Tina Hervey, the state GOP spokeswoman, says the McCain camp is simply doing a better job of marshaling resources - and they are confident that the "72-hour strategy" of flooding likely Republican voters with phone calls, direct mail and even personal visits in the last few days, used to boost President Bush to re-election in 2004, can be reactivated...

Author: /time Magazine | Title: Can Obama's Grass-Roots Army Win Missouri? | 10/6/2008 | See Source »

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