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...appear in front of the parliamentary committee next month. Alistair Darling, the U.K. Chancellor, is expected to show too. Expect the FSA to come in for even more criticism than King, reckons Buik. In the longer term, though, King's banking that the crisis leaves no serious harm done. "Headlines come and headlines go," he said Thursday. "I can't believe and I do not believe that there is any lasting damage to the reputation of the British banking system." After days of silence, at least we know what he thinks...

Author: /time Magazine | Title: Coming Clean On Northern Rock | 9/22/2007 | See Source »

...spat does no obvious harm to Senator Clinton either, and for similar reasons. By highlighting her critique of the Petraeus testimony, Giuliani has helped Clinton with the segment of the Democratic electorate that is most suspicious of her because of her 2002 vote authorizing force in Iraq (and because of her refusal to call that vote a mistake). For good measure, on Thursday Clinton voted "no" on a bill introduced by Republican Sen. John Cornyn of Texas condemning the original MoveOn ad. The bill passed...

Author: /time Magazine | Title: The MoveOn Flap: Rudy vs. Hillary | 9/21/2007 | See Source »

Meanwhile, we have had some pretty unimpressive terror “catches.” Jose Padilla, who then-Attorney General John Ashcroft labeled a “dirty bomber” with much fanfare, was recently convicted of charges unrelated to any plot to harm Americans directly. Two other terror cells supposedly smashed by American security services seemed both inept and far from able to carry out the frightening attacks that the Department of Homeland Security said they planned, including an attack on Chicago’s Sears Tower and a tunnel into Manhattan...

Author: By Jonathan B. Steinman | Title: Insecurity | 9/18/2007 | See Source »

...activities and internships that the prospect of departing Harvard for a precious semester is more frightening than thrilling. Close friends of mine asked me quite seriously if going abroad would be worth “missing out on” a semester at Harvard. Several others asked me what harm would be done to my “leadership positions” if I skipped town for seven months. There is genuine fear of studying abroad at Harvard—a fear that no institutional changes or innovative study abroad programs can ameliorate without a marked shift in attitude...

Author: By Aidan E. Tait | Title: More to Life Than Harvard | 9/18/2007 | See Source »

...finally recognizing that the Ba'athists were open to cooperation against al-Qaeda. Although the fighters represented by the Anbar sheikhs made common cause with the jihadists for a time against the invader, the sheikhs have recognized that the Qaeda forces in their midst are doing them more harm than good...

Author: /time Magazine | Title: Treading Water in Iraq | 9/13/2007 | See Source »

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