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But while we certainly face a global slowdown, we may yet avoid another depression. Now, unlike in the Great Depression, central banks and finance ministries know it's better to run deficits and print money than to suffer massive losses of output and jobs. And the introduction of U.S.-style...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

On Sept. 29 alone, governments from Germany to Iceland rushed to prop up five ailing financial institutions with huge cash infusions or full-blown nationalization, making it one of the grimmest days in the history of European finance. Among the high-profile casualties were Fortis, Belgium's largest bank; the...

Author: /time Magazine | Title: Europe's Bank Scare | 10/2/2008 | See Source »

And politics, to finish the circle, might end up being more important for future jobs than one would think. A little-noticed provision added to the bailout bill over the weekend would, in five years time, remove the burden of today’s bank woes from the backs of...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: Wall Street Meltdown | 10/1/2008 | See Source »

The annual Office of Career Services Career Forum included the usual big names: the CIA, Abercrombie & Fitch, NASA, and... Lehman Brothers?... Oh, wait. While many students and recruiters were out in full force at Gordon Track last Friday, lots of the big finance companies failed to make an appearance at...

Author: By Li S. Zhou, CONTRIBUTING WRITER | Title: You Schmooze, You...Win | 10/1/2008 | See Source »

One of those positions belongs to district chairman Rob Haney, a longtime activist who says that what started as policy differences with McCain and his allies has turned over the years into personal vendettas. In 2005, Haney introduced a resolution in the Maricopa County party that censured McCain "for a...

Author: /time Magazine | Title: McCain's Republican Enemies in His Home State | 10/1/2008 | See Source »

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