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Much of the growth was financed by cheap money, as Swedish and Finnish banks competed for customers in Europe's fastest growing region. Entrepreneur Lepik recalls firing off an e-mail loan application in 2006 with a "very basic" business plan, and getting approval in less than a week. Private debt across the Baltics rose from nearly zero to Western levels as consumers became hooked on credit. Home buyers and businesses took out mortgages in foreign currencies, which had the effect of worsening already severe current-account deficits. In a peculiarly Estonian twist, companies in the tech-savvy country began...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

Each of the three teams vying for the title will find itself in a precarious position on Saturday. If Harvard wins its match against Columbia, the champion is decided; however, if the game does not go according to plan, things could get complicated...

Author: By Nico S. Theofanidis, CONTRIBUTING WRITER | Title: Harvard Enters Weekend in Three-Way Tie Atop Ivies | 11/6/2008 | See Source »

...ever consider any other careers? I never really had a back-up plan, which looking back on it, probably wasn't very smart. As a little bitty kid competing in rodeo events, I made a little money and I thought, Wow, this is a lot better than having to get a real job. I think I'll just do this the rest of my life. I think it was a little frustrating for some of my teachers because they really wanted to give me an education just in case the whole bull riding thing didn...

Author: /time Magazine | Title: World's Richest Cowboy | 11/6/2008 | See Source »

Fawkes' henchmen were zealous Catholics who believed that by beheading the government, they might usher in a new era of Catholicism in Protestant England. Led by Catesby, they hatched a plan to explode gunpowder under Parliament during a state opening, when King James I, his queen, and other family members and government leaders were inside. The plot was set for Nov. 5, 1605, and in the preceding days, the conspirators rented a cellar underneath the building, where Fawkes stashed at least 20 barrels of gunpowder...

Author: /time Magazine | Title: Guy Fawkes Day | 11/5/2008 | See Source »

Things didn't go according to plan. The plotters sought wider support, and, as the story goes, one of the individuals to whom they reached out alerted his brother-in-law, a lord, not to attend Parliament on Nov. 5. The building was searched, and Fawkes was apprehended along with his stockpile of gunpowder. Tortured on the rack, he revealed the names of his co-conspirators. Some of them were killed while resisting arrest; others, including Fawkes, pled not guilty and went to trial, where they were convicted of high treason. In January, 1606, the remaining conspirators were hanged, drawn...

Author: /time Magazine | Title: Guy Fawkes Day | 11/5/2008 | See Source »

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