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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 banks of continental Europe moved much of their trading and investment-banking operations there. About...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...ailments. “I think we did very well this weekend,” Crimson coach Traci Green said. “We had some players [with] a few nagging injuries who got to play singles for the first time this weekend, so they got a chance to dust some cobwebs off and get key singles action in for this fall.” Harvard entered the competition in high spirits, buoyed by the return of co-captain Laura Peterzan from a shoulder injury. Following less-than-impressive displays from an injury-ravaged squad in its previous competition...

Author: By Allen J. Padua, CRIMSON STAFF WRITER | Title: Injuries Continue To Plague Harvard | 10/13/2008 | See Source »

...then, even in the craziness of a late-stage presidential campaign, the clouds of rumor and allegation, and the charges and countercharges - all the stuff Ross Perot used to call "monkey dust" - will clear for a moment and a blinding moment of clarity will distill the essence of the situation...

Author: /time Magazine | Title: McCain and Obama: A Fresh Start, a Fresh Economic Plan | 10/13/2008 | See Source »

...same moment Iceland, a NATO member and until very recently a prosperous Western nation, seemed ready to bite the dust in the global financial crisis, a cavalry rode to the rescue, just as it does in the movies. Except the cavalry in this case came from an unexpected direction: Russia...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

...When the dust settles, the committee might want to revisit Ussher's words and maybe even question the wisdom of the rules governing local-council investments and how local councils interpret them. For the moment, Britons' ire is directed outward: at Iceland's hubris in allowing its banks to expand imprudently. There are also mounting concerns about how Iceland's economic meltdown will affect British Main Streets. Icelandic investment companies also own significant shares in famous retailers such as Debenhams, Hamleys and Oasis, and an Icelandic entrepreneur even owns the East London premiership football club West Ham United...

Author: /time Magazine | Title: Iceland: Britain's Credit Crunch Scapegoat | 10/10/2008 | See Source »

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