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...spread. Alliance & Leicester's stock plummeted by almost a third on Monday despite a statement insisting its business was solid; shares in Bradford & Bingley dropped by 15%. Desperate to restore order, the U.K. Treasury put its own money (meaning the public's money) down. "I want to put the matter beyond doubt," Darling said. Customers' cash held by the bank "will be guaranteed safe and secure." Shares in Alliance & Leicester and Bradford & Bingley recovered somewhat on Tuesday as well...

Author: /time Magazine | Title: U.K. Acts to Stem Bank Panic | 9/18/2007 | See Source »

...Charles Stanley in London. "When it comes to their life savings, when they've got the choice of seven or eight other banks in the High Street where they can walk next door and deposit funds and consider them safe, the majority will do it. It doesn't really matter if the rationale is right or wrong, they're voting with their feet...

Author: /time Magazine | Title: U.K. Acts to Stem Bank Panic | 9/18/2007 | See Source »

...Santa Barbara. “In our eyes, these teams are some of the best teams in the country,” Fucito said. “We definitely can win these games, and are expecting to win these games, so now it’s just a matter of showing up and executing.” Harvard’s west coast debut will also test the program and the national opinion of the team. Not only could two wins move the Crimson further up in the polls, but it could also help solidify Harvard as a legitimate soccer...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Crimson Rises in National Ranking | 9/18/2007 | See Source »

...protect himself from both. He insisted that crusade accounts be audited and published in the local papers when the crusade was finished. Having founded the Billy Graham Evangelistic Association in 1950, he took a straight salary, comparable to that of a senior minister of a major urban pulpit, no matter how much in money his meetings brought in. He was turning down million-dollar television and Hollywood offers half a century ago. He never built the Church of Billy Graham, and while he lived comfortably, his house is a modest place. If he had wanted to get rich, he could...

Author: /time Magazine | Title: Why Christopher Hitchens Is Wrong About Billy Graham | 9/18/2007 | See Source »

...Iraq, since they depend heavily on Blackwater and other security companies for their protection. Secretary of State Condoleezza Rice, whose State Department depends on Blackwater to protect its Iraq-based staffers, called al-Maliki on Monday to say that the U.S. has launched its own investigation into the matter...

Author: /time Magazine | Title: Iraq Limits Blackwater's Operations | 9/17/2007 | See Source »

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