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...main MICEX stock exchange shut down for two days on Sept. 16 after it lost 17% of its value in a matter of hours. At that point the market was down almost 60% for the year, its lowest level since early 2006, although it has since been boosted by measures taken by the Russian central bank and the Kremlin. Those measures, however, weren't enough to shore up the nation's largest investment bank, Renaissance Capital, which on Sept. 21 sold a 50% stake to the Russian oligarch Mikhail Prokhorov for $500 million. Just over a month ago, Forbes magazine...

Author: /time Magazine | Title: Red Tide at the Casino | 9/25/2008 | See Source »

Sarah By Kaylene Johnson; out now This surprise best seller about the Republican Veep candidate, which rocketed from 10,000 copies to 350,000 copies in a matter of weeks, is a blend of annoying hagiography ("It is a political Cinderella tale") and revealing detail (she shot her first rabbit at 10). Amid all the fluff, a portrait of a sharp-elbowed politico emerges...

Author: /time Magazine | Title: 5 Things You Should Know About | 9/25/2008 | See Source »

...that keeps the U.S. and other economies oiled--was simply drying up. Banks stopped lending to other banks, out of fear they would not get the money back. Big companies were having trouble raising cash on the overnight commercial-paper markets. If left unchecked, it would be only a matter of days, maybe less, before businesses would be unable to get the cash they needed to make purchases and meet payrolls...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

...most basic rule that every freshman should follow is be discreet. No matter what, or who, you did the night before, don’t announce it while waiting in line in Annenberg. “Be secretive,” says one wise and weathered junior. “Because people are just meeting each other and they want to gossip. If you give them something to talk about, they will talk about it.” You’ve got four years to develop a reputation, so there’s no rush. Remaining inconspicuous, however...

Author: By Julia M. Spiro, CRIMSON STAFF WRITER | Title: How to Keep Cool as Things Get Hot | 9/24/2008 | See Source »

...spring forth from the can of worms Fitzsimmons’ commission has so bravely opened. In the midst of the impending controversy, it will be most important to remember that standardized tests are only a small part of the myriad problems that exist in the American school system. No matter what renovations the SAT undergoes, it will not change the fact that some American children receive an education far inferior to the education of other American children—those whose parents happen to make more money. Until the evils of bad policy and lack of funds are addressed within...

Author: By The Crimson Staff | Title: UnSAT | 9/24/2008 | See Source »

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