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...Were your critic's disparaging remarks about American wines [Oct. 6] just sour grapes? Jack Dinsdale, MILTON KEYNES, ENGLAND...

Author: /time Magazine | Title: Heroes of the Planet | 10/15/2008 | See Source »

...confrontation like a herd of Stan Laurels. Opposition parties have pledged for now to support the government's efforts to end the turmoil, but are itching to emphasize Brown's own role in creating it. "When he rewrote financial regulation in 1997, Gordon Brown took away the Bank of England's power to call time on the build-up of debt," Conservative Shadow Chancellor George Osborne tells Time in a rare frontal attack. "The result is that we now have the most personal debt of any major economy ever...

Author: /time Magazine | Title: Flash Gordon Brown | 10/15/2008 | See Source »

...harder to obtain. That's already happening in the U.K., for example, where the volume of home mortgages approved by lenders fell dramatically in August. Including other forms of consumer credit, total net lending plunged by 86% from its level a year ago, according to Bank of England statistics. Just as Europe's banks were overextended, so consumers in many countries ramped up their household borrowing in the past few years - usually because rising house prices made them feel richer. For policymakers, the critical issue is the speed with which the inevitable weaning off of credit now takes place...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

...days ago, a panicked former economics student from the west of Ireland wondered if it might be time for her to leave the country, too. Unable to land a financial-services job in Ireland since graduating in May, this 24-year-old woman is now considering a move to England. "I haven't given up yet," she says, but "all options are open." Inside the cavernous hall hosting the fair, recruiters - from big banks to software makers - offer candy to graduates willing to chat. Getting them to stay in Ireland may soon require a little more persuasion. - by Adam Smith...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...you’ve been disappointed with the New England autumn’s rainy days and glum weather, you’ve probably just been focusing of the wrong things. FM has scoured the region for the perfect fall experiences that will make you appreciate New England before the first snowstorm: Blue Hills Reservation Located off of I-93 and accessible through the Commuter Rail, the Blue Hills Reservation is the most convenient place for an October foliage hike. From the summit hikers can see 7,000 acres of trails and trees combined with a splendid view of Boston...

Author: By Mark J. Chiusano, CONTRIBUTING WRITER | Title: A Cheap Date: Dead, Falling Leaves | 10/15/2008 | See Source »

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