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...world is in the grips of a perilous market crunch, the boom is over, and tough times loom. The U.K.'s FTSE-100 stock index has nose-dived and is down about 35% in the past year. Two famous British banks have already imploded--Northern Rock and Bradford & Bingley. And after a dramatic plunge in the stock price of other banks, on Oct. 8 the British government announced an emergency $88 billion recapitalization package that includes partially nationalizing three other banks: Royal Bank of Scotland, HBOS and Lloyds TSB. The City has been through enough slumps to know what...

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

This does not signify that we are all--as was Englishman John Maynard Keynes--Cambridge University economists with lucrative side jobs as investment managers, spectacular art collections, lots of famous friends and Russian-ballerina wives. At least I don't fit that description...

Author: /time Magazine | Title: The Comeback Keynes | 10/23/2008 | See Source »

...buffalo had been so anticlimactic, we had to finish the entire park. We learned later that we unwittingly walked four and a half miles. And so victory was sweet when we finally emerged from the park to see the Pacific Ocean stretch before us, with California’s famous Highway 1 hugging its shore. The elation I felt was surely equal to that of Lewis and Clarke when they reached the West Coast, though their trip had been slightly longer than my own. We took a quick picture by the park’s sign to document our achievement...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Hunting Buffalo | 10/22/2008 | See Source »

...Divinity School, located just west of Harvard in the Brattle Square neighborhood.City Councillor Sam Seidel, while applauding Lesley’s growth, said he has some reservations. “We’ve got to be very careful—we’ve already got two world-famous universities in the city who are major landholders,” said Seidel, who is an urban planner. “A third large educational institution in Cambridge is going to bring benefits but also requires we think carefully about how we develop that relationship...

Author: By Bora Fezga and Vidya B. Viswanathan, CRIMSON STAFF WRITERSS | Title: Lesley Expands In Agassiz | 10/22/2008 | See Source »

...Barkley probably can't get to 34%. Which means either Coleman - who recently swore off all negative campaigning - will survive the scare of his political life or Al Franken will become the most famous freshman Senator since Barack Obama...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

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