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Amid the tide of red ink flowing from many of the world's largest banks these days, big profits seem out of fashion. On Tuesday alone, Deutsche Bank announced its first quarterly loss in five years, while HBOS, the U.K.'s biggest mortgage lender, said it would replenish its depleted coffers with an $8 billion share sale. Both firms announced billions of dollars of fresh write-downs...

Author: /time Magazine | Title: BP and Shell Downplay Record Profits | 4/29/2008 | See Source »

Every night, before sleep, I admire the water, the indigo island against an India ink sky. In a hundred years someone else will stand before this window. She will notice how the water looks different every day, how it is also the same. She will wonder if anyone ever lived on the island. She will write the answer in poetry...

Author: /time Magazine | Title: The Comforts of Home | 4/25/2008 | See Source »

...with some big handicaps. The most crippling is lack of money. The latest fund-raising reports show she was more than $10 million in debt going into April, mostly to her high-priced campaign consultants, and local vendors are starting to complain about unpaid bills. And all that red ink was booked before the expensive sprint through Pennsylvania. It was telling that Clinton opened her Philadelphia victory speech with a fund-raising pitch; more than $5 million poured into her coffers by noon the next day. But she is not likely to keep up that pace. "Watch the money more...

Author: /time Magazine | Title: Tell Me How This Ends? | 4/24/2008 | See Source »

...third grade, I was reading these books illustrated by Edward Gorey with these weird—but at the same time intriguing—macabre illustrations of supernatural things in pen-and-ink and some color," he said. "I really enjoyed the books, and as a by-product of that I started getting more interested in the illustrations...

Author: By Bram A. Strochlic, CONTRIBUTING WRITER | Title: Book Collections Net Prizes | 4/23/2008 | See Source »

...Angela Makholwa, author of the serial-killer thriller Red Ink, visited prisoners in Pretoria's notorious C-Max prison for research, and got more than she bargained for. "I established a relationship with one of these men, who happened to be one of the most vilified South African serial killers," she says. "The more I got to know him, the more conflicted I became about defining prime evil. Although I knew what he had done, I found my initial impression of him slowly peeling away...

Author: /time Magazine | Title: South Africa's Crime Wave — in Bookstores | 4/2/2008 | See Source »

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