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...comments came a day after Merkel befuddled her neighbors by announcing a guarantee on 100% of all private deposits - the largest such guarantee in history, according to one leading banking expert. The fact that Ireland had previously issued an even more sweeping guarantee hardly shielded Germany from criticism: as Europe's biggest economy, it sets a massive precedent. Indeed, since Merkel's announcement, Denmark, Sweden and Austria have taken steps to offer stronger guarantees to their depositors. Spain is reportedly considering a move to follow suit, and British politicians were in talks with banks on Monday night about a stopgap...

Author: /time Magazine | Title: Europe Struggles for a Response to the Bank Crisis | 10/7/2008 | See Source »

...menswear expert, but I keep a close eye on fashion trends, so I know when news percolates in any sector of the business. And I've heard the recent rumblings about new talent in the American menswear market. As our cover model, Tom Ford, points out, there hasn't been a designer or a company that addresses the whole lifestyle of American men since Giorgio Armani and Ralph Lauren (unless, of course, you count the recent developments of the renowned Zegna family). Well, now there's not only Ford but also a raft of new American menswear designers breaking through?...

Author: /time Magazine | Title: Meet the Experts | 10/6/2008 | See Source »

...facing a full-blown famine, the shortage appears to be the worst food crisis since the 1990s. Erica Kang, director of the Seoul-based human-rights group Good Friends, says a "few hundred thousand people are in danger or at risk of famine" in North Korea. Marcus Noland, an expert on the North Korean economy at the Peterson Institute for International Economics in Washington, believes that "hunger deaths are almost surely returning...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

...severe flooding delivered another blow to the agriculture sector; by this year, the country's shortfall of grain was the worst since 2001. The regime's leadership "would rather have a proportion of their population starve to death" than pursue reform, says Nicholas Eberstadt, a North Korea expert at the American Enterprise Institute in Washington. Pyongyang believes market reform "would risk ideological and cultural infiltration, which is how they see the Soviet system going down...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

Twelve Harvard-affiliated individuals made the list, including four current professors: law professor Noah R. Feldman ’92, human rights scholar Samantha Power, international relations expert Meghan L. O’Sullivan, and physicist Lisa Randall...

Author: By Jillian K. Kushner, CONTRIBUTING WRITER | Title: Profs Make ‘Most Influential’ List | 10/5/2008 | See Source »

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