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...crisis, so how can he be so sure what the consequences would be if there were no bailout? All he wants from the rescue package is to assist the owners of banks and brokerage firms. If this were not the case, he would have stipulated that every company must hand over a specific number of shares to the government for every bailout dollar it receives. Colin Segal, Sydney...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

...money for the greedy fools of other lands, she seemed to say, only to then guarantee German private bank accounts and save Hypo Real Estate. That followed similar moves by Ireland and Greece. And Britain's Gordon Brown will always be loath to see Brussels lay its regulatory hand on London's City; 
 his recapitalization of Britain's banking sector was no less unilateral than Merkel's actions...

Author: /time Magazine | Title: Gloat at Your Peril | 10/9/2008 | See Source »

...what art does. It takes nature and somehow reveals its very essence through craftsmanship. THC: You teach during the day and write at night. How you do transition between those two aspects of your life? How do you balance them? MR: It can be difficult. But on the other hand it can be really rewarding. For example, because I was preparing a class to teach at Harvard, I happened to go to the basement of the Lamont Library and saw the Mercator globes, and as soon as I saw [them] I knew I just had to put them...

Author: By Naomi C. Funabashi, CONTRIBUTING WRITER | Title: Children's Author Discusses Imagination in Stories and Life | 10/9/2008 | See Source »

...McCain was left with this: "When times are tough, we need a steady hand on the tiller...

Author: /time Magazine | Title: Obama Plays Ball Control in Second Debate | 10/8/2008 | See Source »

...unopposed for the Republican nomination in the district that covers parts of seven counties across a broad swath of upstate New York between Rochester and Buffalo, giving him a substantial financial advantage. As of the last official reporting on August 20, he had about $750,000 on hand, including $470,000 from his own pocket. Meanwhile, his Democratic opponent, environmental lawyer Alice Kryzan, had to compete in a bruising primary contest and reported having just $95,000 on hand...

Author: /time Magazine | Title: Races to Watch: A GOP Seat at Risk in Upstate New York | 10/8/2008 | See Source »

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