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Amid the chaos and confusion that has accompanied the credit crisis at British bank Northern Rock, Bank of England Governor Mervyn King has remained tight-lipped. There was barely a word from him when the Bank, as Britain's lender of last resort, made emergency cash available to Northern Rock last week. When that triggered a run on the High Street lender, with customers lining up for days to take back their savings, King still failed to utter a word. And when the government finally stepped in Monday to offer a gilt-edge guarantee for spooked depositors in the form...

Author: /time Magazine | Title: Coming Clean On Northern Rock | 9/22/2007 | See Source »

...Large multicolor Cabat ($6,100) from Bottega Veneta's women's resort 2007 collection...

Author: /time Magazine | Title: What's in a Weave? | 9/21/2007 | See Source »

Plane crash on resort island kills at least...

Author: /time Magazine | Title: Dashboard: Oct. 1, 2007 | 9/20/2007 | See Source »

CHIP SHOT New York Representative John McHugh (R) set aside $100,000 to help develop a nine-hole public golf course into a year-round resort...

Author: /time Magazine | Title: Dashboard: Oct. 1, 2007 | 9/20/2007 | See Source »

...reform bill until much more stringent controls on earmark spending were included. Last December, just days after he was elected head of the Steering Committee, DeMint brought down his own party's attempt to pass the remaining 2007 appropriations bills, saving the government $17 billion by forcing it to resort to 2006 levels. And in 2005, Coburn led the campaign against what he called the "Bridge to Nowhere," one of Senator Ted Stevens's earmarks that sought $200 million to build an Alaska bridge to an island with a full-time population...

Author: /time Magazine | Title: The Senate's G.O.P. Bomb Throwers | 9/19/2007 | See Source »

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