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...more macro way, Goldman and Morgan Stanley in particular were facing the equivalent of a bank run in September 2008, as fear-stricken hedge funds for which they were prime brokers pulled out their assets. The firms would have been toast if the government hadn't allowed them to become bank holding companies overnight, giving them access to almost unlimited funds that the Federal Reserve makes available to banks...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...says Josh A. Bookin, a Thayer proctor who is admittedly not a strong believer in ghosts. “The most notable of the out of the ordinary activities are parties that need to be broken up.” Note to Thayerites: Bookin will not be accepting a fear of ghosts as an excuse to cuddle up with him in his room...

Author: By Nicole Savdie, CONTRIBUTING WRITER | Title: Thayer and its Friendly Ghost | 10/29/2009 | See Source »

...Already scarred by two years of violence from sectarian bomb attacks and targeted killings, the town is now bracing for fresh attacks as fears rise that militants posing as refugees may creep in. The local Shi'ite community, which has suffered vicious suicide bomb attacks, erected new fortifications as the refugees came to town. The garrisoned quarter of the city is sealed off to outsiders. On the streets, where a deceptive calm prevails, soldiers in fatigues plunge through the streets at high speeds, flashing their weaponry. Nearby civilian cars swerve and screech to a halt. The faintest sign...

Author: /time Magazine | Title: Fear and Uncertainty for New Wave of Pakistan Refugees | 10/29/2009 | See Source »

...That fear also pervades the refugee registration centers, where few are willing to openly denounce the Taliban's brutality. Instead, there are fierce criticisms of the army's earlier operations, the ruinous peace deals that it left behind and its role in the creation of these factions. "I don't like Baitullah Mehsud at all. He caused all this to happen in the first place," says Dilawar Khan, 50, a teacher from Kotkai village. "But who made these Taliban? It was the army...

Author: /time Magazine | Title: Fear and Uncertainty for New Wave of Pakistan Refugees | 10/29/2009 | See Source »

...enriched at its Natanz facility) to Russia by the end of this year. There it would be enriched to a higher grade and converted into fuel plates in France, after which it would be shipped back to Iran to power the Tehran medical research reactor. Western governments, which fear that Iran has already stockpiled enough enriched uranium to be reprocessed into a single bomb, like that the deal would remove most of Tehran's stockpile and return it in a state difficult for Iran to weaponize. Though there are no signs that Iran is working on turning its uranium into...

Author: /time Magazine | Title: Behind Iran's Response on the Nuclear Deal | 10/29/2009 | See Source »

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