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...global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more for the privilege...

Author: /time Magazine | Title: Northern Rock's Shares Tumble | 9/17/2007 | See Source »

...global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more for the privilege...

Author: /time Magazine | Title: Credit Crisis Hits British Lender | 9/14/2007 | See Source »

...cash means savers' own deposits are safe. "If I were a depositor, knowing I have the Bank of England behind me is probably the safest place to be," said Adam Applegarth, Northern Rock CEO. That didn't stop lines forming outside some of the firm's branches, with savers keen to pull their pounds...

Author: /time Magazine | Title: Credit Crisis Hits British Lender | 9/14/2007 | See Source »

...Then there's the apparent disconnect between the life that William Shakespeare lived and the ones he wrote about. Anti-Stratfordians claim that Shakespeare's plays show a keen grasp of literature, language, court life and foreign travel - not the kinds of things that a small-town actor without a university education would be familiar with. As the Declaration says, "scholars know nothing about how he acquired the breadth and depth of knowledge displayed in the works." And so doubting scholars look to well-traveled writers and aristocrats - essayist Francis Bacon; poet and playwright Christopher Marlowe; theater patron Edward...

Author: /time Magazine | Title: The Mystery of Shakespeare's Identity | 9/13/2007 | See Source »

...industries in today's Russia, is booming, with the domestic box office growing from $25 million in 2000 to, by some estimates, nearly $600 million last year. Whether making movies for the Russian market or shooting on location for an international audience, Hollywood studios and talent are getting involved, keen to exploit local knowledge while helping to revive a system that once produced some of the world's finest films by directors such as Sergei Eisenstein and Andrei Tarkovsky. Soviet cinema collapsed when state funding disappeared at the close of the communist period. A great bulk of filmmakers migrated...

Author: /time Magazine | Title: The Reel Russia | 9/13/2007 | See Source »

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