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...Another possible repercussion: a reexamination of the freewheeling, free-market practices - what the French like to call "Anglo-Saxon capitalism" - that led to this crisis. French President Nicolas Sarkozy kicked off that debate as Wall Street was reeling from the collapse of Lehman Brothers and Congress was first debating the bailout package. In a speech in Toulon on Sept. 25, he said the crisis marked "the end of a world that was built on the fall of the Berlin Wall and the end of the Cold War - a big dream of liberty and prosperity." As for capitalism, he called...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...would you like to see the John Harvard statue dressed up? Micahel T. Henderson ’11: Bikini, something President Faust would wear, Sarah Palin Alex B. Cohn ’10: 1970s Black Panter activist, miniature pig breeder, FOP Tana Jambadorj ’11: Willy Wonka, French maid, cowboy Nicholas A. Noyer ’09: Peter Shields’ extra-small t-shirt from his Harvard Carnival performance, the finale costumes from “A Chorus Line,” standard Primal Screen attire Michelle M. Parilo ’10: Mickey Mouse, Santa Clause...

Author: By Lindsay P. Tanne, CONTRIBUTING WRITER | Title: Harvard’s Family Gets Put to the Test Before They Head to Hollywood for the Big Show | 10/8/2008 | See Source »

...YORK Mauboussin The French jeweler opens Stateside this month, offering jewelry, watches and even an Atelier du Chocolat...

Author: /time Magazine | Title: Calendar | 10/6/2008 | See Source »

...between Saturday's rhetoric and Monday's reckoning was amply visible in advance. For all the brave-sounding statements about a common response at French President Nicolas Sarkozy's conclave on Saturday, he and Merkel, along with Prime Ministers Gordon Brown of Britain and Silvio Berlusconi of Italy, couldn't agree on substantial international measures to shore up Europe's beleaguered financial markets; they in fact had little standing to do so. By Sunday, the national governments in the 27-member E.U., including the 15 that use the euro currency, all seemed concerned first and foremost with the conditions...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

...Elsewhere, French bank BNP-Paribas said it was taking control of the Belgian and Luxembourg assets of finance and insurance group Fortis, less than a week after it was partially nationalized as part of a $16.4 billion rescue plan. The Dutch government had moved on Friday to nationalize fully the group's Dutch assets, including the bank ABN-Amro. As a consequence of its estimated $21 billion move for Fortis, BNP will be the largest commercial bank in Belgium - and the Belgian government becomes BNP's biggest shareholder...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

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