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...Outside the financial sector," Reuters quotes the draft, "the European Council underlines its determination to take the necessary steps to react to the slowdown in demand and the contraction in investment and in particular to support European industry." There's every indication that that help will be sorely needed...

Author: /time Magazine | Title: Recession Fears Drive World Markets Starkly Downward | 10/16/2008 | See Source »

...queries are just starting to explode, said Schmidt. Though he declined to give numbers, he said: "the compound growth rate is one of the fastest-growing things in the company." That's a pretty big statement at Google. And remember that we're at the earliest stages of this particular revolution. The first Google phone is just coming to market after...

Author: /time Magazine | Title: Behold! The Recession-Proof Google | 10/16/2008 | See Source »

...temperamental failure, which is a lack of discipline and a lack of what for a better term would be an inability to learn from past experience, an inability to adapt to a hostile environment. I mean, this is somebody who's extremely, extremely bright and yet in this particular instance could not see that all of the previous failures or all of the previous difficulties that he had had with this issue would come crashing down around his head if he didn't remain loyal to his wife and his family...

Author: /time Magazine | Title: What Kind of Temperament Is Best? | 10/16/2008 | See Source »

...database is meant to address this age-old a cappella quandary. It’s unclear how exactly such disputes were solved before the database existed, but in this particular case, the Opportunes won—“Change in My Life” has been one of their signature songs for over a decade...

Author: By Jessica R. Henderson, CRIMSON STAFF WRITER | Title: La Famiglia A Capella | 10/16/2008 | See Source »

...problem is that other moves the government has made to render bank debt safer has had the unintended consequence of making Fannie and Freddie's bonds less safe by comparison. So Fannie and Freddie's investors have to be compensated for the increased risk. In particular, traders say, the move in the past week by the Federal Deposit Insurance Corp. to temporary offer unlimited deposit insurance for non-interest bearing accounts and guarantee roughly $1.4 trillion in new unsecured bank debt has caused a rush of selling of the bonds of Fannie and Freddie. That's because the FDIC...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

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