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The debt binge was fueled by easy money and the belief that prices of assets - those of houses in particular - never went down; only interest rates did. That era is over. It will be replaced by what will be one of the more painful, and consequential, economic chapters in our...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

In Indonesia, by contrast, Suharto signed an IMF agreement that he had no intention of carrying out. Four months later he was driven from office, replaced by B.J. Habibie, his hyperactive Vice President, a man better known for his expensive and far-fetched plans to build an aircraft industry than...

Author: /time Magazine | Title: Meltdown 101 | 10/23/2008 | See Source »

All of this amounts to a particularly tricky issue for a man who has played a key role in the City's growth: Prime Minister Brown. In the 10 years when he was Chancellor of the Exchequer, his support for financial services was especially notable because his Labour Party had...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

According to Billy, the student photographer sneaked into Cabot’s serving area one night and replaced the frame’s rustic image—it used to be a pitcher of water—with Billy’s demonic likeness.

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Off Harvard Time | 10/22/2008 | See Source »

Don’t get me wrong—while I’m happy to bid farewell to such a flawed system, but I’d love to see it replaced with more relevant, accurate, and accessible nutritional information. Until then, friends, if you’re burning...

Author: By Asli A. Bashir, CRIMSON STAFF WRITER | Title: The Death of Calorie Cards: Love it | 10/22/2008 | See Source »

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