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...authorities must do anything they can," Kanno says. "If the banks are in trouble, they can be nationalized and the government can protect the whole system." Yesterday, Britain pledged hundreds of billions of dollars in credits, guarantees and cash to shore up its banking system. The package included partial nationalization of some of the country's major banks...

Author: /time Magazine | Title: US-Europe Rate Cut Comes Too Late for Asia | 10/8/2008 | See Source »

...evacuate, many who fled aren't bothering to unpack as they grapple with the prospect of a powerful new storm, Ike. The category one hurricane has been downgraded to a category one storm and now appears to be headed west of Louisiana toward Galveston, Texas, but that's only partial relief to the weather-weary residents of Louisiana. (See photos of Hurricane Gustav's damage here...

Author: /time Magazine | Title: Hurricane Fatigue in New Orleans? | 9/9/2008 | See Source »

...from accepting that Europe is impotent in the face of Moscow's nonchalance, however, Sarkozy insists that the E.U. is charting a wise course between provoking Russia and upholding vital principles. "Is it a paper tiger that negotiates a cease-fire, gets a partial withdrawal and is the only body which can solve the situation and is able to help Georgia?" asked Sarkozy, who chaired the Brussels proceedings because France currently holds the presidency of the European Council. "We did not see the Berlin Wall fall, the end of the Soviet dictatorship and the dismantling of the Warsaw Pact...

Author: /time Magazine | Title: Russia: In Search Of Unity | 9/4/2008 | See Source »

...transformation has been so complete, reckons Davies, that Sasol's past connections to apartheid are now irrelevant. "We feel pretty good about the contribution we are making to South Africa and this continent," he says. "We're offering a partial solution to the energy situation on a global basis, and we're doing it in a way that provides jobs, alleviates poverty and improves quality of life. Don't dwell on the past. Let's get on with the future...

Author: /time Magazine | Title: Dirty Little Secret | 9/4/2008 | See Source »

...choice but who has voted consistently with conservatives on abortion. Though social conservatives would have doubts about her as the pick, they're not likely to oppose it or complain about it as passionately as they would Lieberman. "If she said all the right things - on parental notification, partial birth abortion, judicial appointments - it would be difficult but we could survive it," says a Republican consultant with ties to Evangelicals. "Bottom line, it wouldn't be a Lieberman-like blowup...

Author: /time Magazine | Title: Indecision '08 for McCain's Veep? | 8/28/2008 | See Source »

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