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...academics in the room tried to provide some historical perspective. Robert Engle, a finance professor at New York University, put up a chart showing how volatility has played out over the past 80 years. Two bulges were large enough to rival the amount of volatility we're seeing today, representing the stock market crashes of 1929 and 1987. The difference between the two: while the market quickly calmed down after 1987, it took years to regain a sense of normalcy after 1929. "We don't know if this is a '29 or '87 type of spike," Engle said...

Author: /time Magazine | Title: Keeping Up (Barely) with the Market's Wild Volatility | 10/24/2008 | See Source »

...discussion explained health care needs specific to women, highlighting differences between the plans of the Republican nominee, John McCain, and his Democratic rival, Barack Obama...

Author: By Victor W. Yang, CONTRIBUTING WRITER | Title: Campaign Health Advisors Square Off | 10/24/2008 | See Source »

...continental Europe moved much of their trading and investment-banking operations there. About 70% of international bonds, one-third of the world's foreign exchange and almost half the total volume of international equities are traded in London--more even than in New York City, its only remaining rival as the world's financial capital. Hedge funds piled into Mayfair on the heels of private-equity players. Any self-respecting Russian oligarch has a Knightsbridge mansion, sends his kids to élite private schools and has listed his company on the London Stock Exchange...

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

...Widows of Eastwick, Updike revisits the three suburban housewives from Witches: Jane, Sukie and Alexandra. Old now and alone--their husbands have died of natural causes--they reunite and return to Eastwick to make peace with the many ghosts they left behind there: the rival they killed, the children they neglected, the lovers they dumped, their all-but-vanished sexuality and, not the least gruesome specter of the lot, the 1970s...

Author: /time Magazine | Title: Older Writers Revisiting Their Younger Selves | 10/23/2008 | See Source »

...trappings of a classic comedy. Set in the heart of a Sicilian summer, the novel is divided into three “acts†and focuses primarily on two blossoming romances—one between the middle-aged mafioso Alfio Turrisi and Betty, the daughter of his rival, and the other between theater director Tino Cagnotto and his paramour Bobo, an aspiring young actor. Both of these storylines play with Shakespeare’s own romantic plots. Although Betty’s father urges her to fall in love with Turrisi, she tells Turrisi that her father would...

Author: By Rachel A. Burns | Title: All Ends Well in ‘Tragedee’ | 10/23/2008 | See Source »

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