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...Turks - like Chinese, Brazilians, Indians, Hungarians and others - thought their buoyant domestic growth could insulate them from a downturn in the U.S. and Western Europe. Now they're discovering that it can't. "A lot of us gave credence to 'decoupling,' " says Ümit Boyner, who together with her husband runs a big Turkish retail empire. "Looking ahead, we're wondering if we've even seen the worst...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

Everyone says the first year of marriage is the hardest. For Jeninne and her husband, Keirn, things got rocky from the first...

Author: /time Magazine | Title: A Nightmare Honeymoon Flight to Tahiti | 10/22/2008 | See Source »

...Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn issued an apology to Nagy, the IMF staff and his French TV-personality wife Anne Sinclair for what he called "my error in initiating...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

...Maybe if the markets rebound and my husband and I scrimp, Nicola will head off to a secondary school with people from the Dorchester birthday-party set. We'd defy the odds if she did: a Halifax Financial Services study last year found that the average earner in only 13 professions can afford private school for their kids, down from 23 professions in 2002. Perhaps we'll move to an area where the schools are good, free and nondenominational. Even so, Nicola's schoolmates will probably be middle-class like her: the Bristol University study found that poor children...

Author: /time Magazine | Title: Stuck in Class | 10/21/2008 | See Source »

...many as 8 points in some polls, though others still show the race a virtual dead heat. The nation's financial crisis is of course a factor: Florida is getting waylaid by home foreclosures at a rate few other states can match, and business owners like Geyer and her husband are having to undertake painful employee layoffs to stay afloat. Though Crist insists he's still enthusiastic about McCain's candidacy, he said last week that he must devote more time to the economic problems. The fact that Obama is outspending McCain by a 3-to-1 margin there...

Author: /time Magazine | Title: What's Got McCain Down in Florida | 10/20/2008 | See Source »

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