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...Lehman's fall shows the downside of using borrowed money. Even though Lehman has a 158-year-old name, it's actually a 14-year-old company that was spun off by American Express in 1994. AmEx had gobbled it up 10 years earlier, and it wasn't in prime shape when AmEx spat it out. To compensate for its relatively small size and skinny capital base, Lehman took risks that proved too large. To keep profits growing, Lehman borrowed huge sums relative to its size. Its debts were about 35 times its capital, far higher than its peer group...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

...heavily weighted to the poorest and most isolated in each country, which means that many politicians remain largely ignorant of the scale of the tragedy. "Often the people in the cities do not know what is happening in their own rural areas," says Sarah Brown, wife of British Prime Minister Gordon Brown and patron of the White Ribbon Alliance, a global advocacy organization that works with governments to lower maternal mortality rates. Brown--who lost a baby 10 days after giving birth in 2001--says that when she tells heads of state and their spouses how many women...

Author: /time Magazine | Title: Death in Birth | 9/18/2008 | See Source »

Morgan Tsvangirai Prime Minister...

Author: /time Magazine | Title: The World | 9/18/2008 | See Source »

Robert De Niro and Al Pacino, twin heirs to Marlon Brando's Method mantle, play New York City detectives on the trail of a cop who's a serial killer. The first movie in which the stars share prime screen time could have been an event--if it had happened 30 or 20 or even 10 years ago. Not now, not here. Instead of a World Series of acting, we get a wan Old Timers' Game...

Author: /time Magazine | Title: 5 Things You Should Know About | 9/18/2008 | See Source »

...flock of sheep who jump into the abyss just because one sheep has done so.' YULIA TYMOSHENKO, Ukrainian Prime Minister, refusing to resign after President Viktor Yushchenko's party left the ruling coalition, causing the government to collapse...

Author: /time Magazine | Title: Verbatim | 9/18/2008 | See Source »

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