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...Thursday brought dreaded confirmation that markets look set to remain in tank mode until they find reason for taking heart anew. In addition to the 11.4% slump of Nikkei - its biggest single-day drop since the October, 1987 crash - trading Thursday elsewhere in Asia pushed Hong Kong's Hang Seng down 4.8%, South Korea's down 9.44%, and Singapore Straights Times Index down 5.5%. Europe faired no better, with London's FTSE 100 and Paris' CAC 40 indices reflecting mid-morning declines of nearing 2.5%, and Frankfurt's Dax off 1.3%. Market commentators warned that trading could see-saw throughout...

Author: /time Magazine | Title: Recession Fears Drive World Markets Starkly Downward | 10/16/2008 | See Source »

...Public Mistrust Re Michael Grunwald's piece on how Washington failed us: I'm neither Republican nor Democrat, and I am disgusted with both [Oct. 13]. Both presidential candidates want to blame Wall Street, and there is surely some merit to that. But the heart of the problem rests with Freddie Mac and Fannie Mae, two quasi-government corporations. Despite several attempts by legislators to call attention to the impending crisis, lawmakers like Senator Christopher Dodd - the No. 1 recipient of campaign contributions from Fannie and Freddie - preached the soundness of these institutions. This is not a failure...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...soccer team (6-3-3, 2-1 Ivy) dominated Maine (5-4-5, 2-2-1 America East) and claimed an impressive 4-1 victory. The Crimson offense has come alive over the last two weeks, and the timing couldn’t be better. Harvard is approaching the heart of its Ancient Eight schedule and is currently positioned one point behind the league leader. “It’s starting to come together, so we’re very excited about that,” Harvard coach Ray Leone said. “[The players] are starting...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: Harvard Continues Winning Streak | 10/15/2008 | See Source »

...what he truly believes about his own proposals, about Obama's qualifications and about the challenges the country faces, without an overly crafted strategy. His debate performances have improved, and he is always his most likeable - and most formidable - when he uses his head and speaks from the heart. To slightly tweak the wise old song, dignity is just another word for nothing left to lose. McCain might lose the election, but he doesn't have to lose his reputation in the process...

Author: /time Magazine | Title: In Final Debate, Can McCain Rattle an Imperturbable Foe? | 10/15/2008 | See Source »

Obama, meanwhile, is running a campaign with the unofficial motto No Drama Obama. He handles emotion with rubber gloves and tongs, as though he has internalized Napoleon's dictum that the heart of a statesman should be in his head. His body language is restrained, his emotional range narrow: "I don't get too high when I'm high, and I don't get too low when I'm low," he says. "That, I think, is a temperamental strength...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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