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...fitting end to what has been a remarkably bubbly period for London. Over the past decade and a half, ever since its last protracted downturn, the British capital has transformed itself into Europe's indispensable financial center. Leaving Frankfurt and Paris in the dust and encouraged by the policies of Gordon Brown, the current British Prime Minister, it has become a magnet for people, jobs and investment from around the world. The big U.S. banks made London their international hub, and the major continental European banks moved much of their trading and investment banking operations there. About 70% of international...

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

...urged industrialized countries to take further measures to shore up credit markets. "The impact would be substantial if the G-7 didn't send a clear message," he said. Meanwhile, as the crisis continues to deepen, Asia's frustration continues to mount. "Masters of the Universe have bitten the dust, the same dust that is now in the mouths of the rest of us," Nirupam Sen, India's permanent representative to the U.N., said on Monday. The dust doesn't look likely to settle anytime soon...

Author: /time Magazine | Title: US-Europe Rate Cut Comes Too Late for Asia | 10/8/2008 | See Source »

...They seemed friendly enough, but as our stationary convoy began attracting curious eyes, our bodyguards said it was time to move. "We are in the war," Sami reminded us, his grin a mix of humor and utter seriousness in the rearview mirror. In a second, we were off again, dust flying, as the muffled voice of the lead driver came in over the radios: "Go, go, go! Don't anyone stop!" It may be easier to drive out of Baghdad now, but danger still lurks on the road...

Author: /time Magazine | Title: Postcard From Basra | 10/2/2008 | See Source »

Lindahl says the idea came from listening to Library of Congress recordings of survivors of the Dust Bowl, Pearl Harbor and the Sept. 11 attacks. "Really, the best of them were not collected by professionals like myself but by people talking to people who had shared the experience," he says. "Surviving Katrina and Rita in Houston" is the first large-scale project in which survivors have taken the lead in documenting their lives before, during and after a major disaster. So far, more than 30 survivors have collected over 250 stories in English, Spanish, Vietnamese and even Garifuna, a Creole...

Author: /time Magazine | Title: The Next Chapter | 9/26/2008 | See Source »

...weeks (although the 19th century clamshell platen press is too delicate for daily use) and days were spent cleaning the front and back room of the press. It was an epic task that, by all estimates, hasn’t been attempted in 15 years. “The dust was as historic as Harvard,” Sifuentes says. Despite his concerns, Russem is optimistic that the trial run “will not only change how students use type...but how they see the world around them.” “If I can be respectful...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: Bow and Arrow Press Gets Classy | 9/25/2008 | See Source »

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