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...itching to emphasize Brown's own role in creating it. "When he rewrote financial regulation in 1997, Gordon Brown took away the Bank of England's power to call time on the build-up of debt," Conservative Shadow Chancellor George Osborne tells Time in a rare frontal attack. "The result is that we now have the most personal debt of any major economy ever...

Author: /time Magazine | Title: Flash Gordon Brown | 10/15/2008 | See Source »

...credit crisis has had a chilling effect on economies around the world, and the International Monetary Fund (IMF) expects global growth to drop off sharply for the rest of this year and next as a result. The situation is particularly critical in Europe, where national economies were slowing markedly even before the financial crisis exploded. Most economic statistics in the U.K. and around the Continent already look awful, but the turmoil of the last few weeks will likely make the downturn longer and more painful. "You name it, it's falling," says George Buckley, a London-based economist for Deutsche...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

...There's a belief that charity from a poor person might be more meaningful than a grand gesture from the wealthy." Imam Ali cites a hadith (a saying of the Muslim prophet) in which Mohammed, in the face of persecution, prays to God, both admitting that his troubles may result from his own mistakes and asking him to "forgive my people because they are ignorant...

Author: /time Magazine | Title: Is It OK to Pray for Your 401(k)? | 10/14/2008 | See Source »

...reality is very different. Between 2001 and '03, Obama repeatedly voted to oppose bills in the Illinois senate that would have declared, simply, that any child "born alive" as a result of an abortion shall be protected as a "human person" under the law. The bills broadly defined a live birth as any child outside the mother who shows voluntary movement, breathes or has a beating heart, among other attributes...

Author: /time Magazine | Title: How Valid is Palin's Abortion Attack on Obama? | 10/13/2008 | See Source »

...17th century, the Vatican's standards for sainthood were formalized. A non-martyr would need to have performed four posthumous miracles, usually spontaneous healings. (Today, the church requires a team of doctors to verify their veracity and prove that miraculous healings were not the result of modern medicine.) The process included two major steps: beatification, the pope's recognition that a person is worthy of consideration, which begins a lengthy investigation process; and canonization, the pope's formal recognition that a person is truly a saint. In each case the argument for sainthood would be rebutted by a Devil...

Author: /time Magazine | Title: Sainthood | 10/13/2008 | See Source »

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