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Some joined the queues before dawn. Many waited in line for days. But among the armies of customers to besiege Northern Rock bank branches in recent days, there was a common cause. "I'm doing what everybody else is doing," one elderly man, waiting to withdraw his money from a branch in northern England, told reporters. That meant "panicking. I'm joining the herd...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

Fifty years after becoming one of the first black students to attend Little Rock Central High—opening the door for the integration of Southern schools—one civil rights pioneer said she now feels “shame and horror” at the state of today’s public education. “There shouldn’t be such a thing as higher and lower education,” said Minnijean Brown-Trickey, 65, one of the “Little Rock Nine” widely covered in the media in 1957, speaking...

Author: By Michael A. Peters, CRIMSON STAFF WRITER | Title: Civil Rights Milestone Observed | 9/19/2007 | See Source »

...named for an 18th century Russian polymath born near the northern coastal city of Arkhangel'sk, runs under the Pole from north of Canada's Ellesmere Island and Denmark's Greenland to the New Siberian Islands of Russia. Each of the three countries hopes the ridge's contours and rock content will throw up proof that it is an extension of the continental shelf rather than a strictly deep-ocean formation...

Author: /time Magazine | Title: Fight for the Top of the World | 9/19/2007 | See Source »

...Until Monday's grand gesture, the more the authorities tried to sooth, it seemed, the greater the panic. With no sign of the run on Northern Rock ending - savers have so far yanked out well over $4 billion - the panic began to spread. Alliance & Leicester's stock plummeted by almost a third on Monday despite a statement insisting its business was solid; shares in Bradford & Bingley dropped by 15%. Desperate to restore order, the U.K. Treasury put its own money (meaning the public's money) down. "I want to put the matter beyond doubt," Darling said. Customers' cash held...

Author: /time Magazine | Title: U.K. Acts to Stem Bank Panic | 9/18/2007 | See Source »

...those customers with bigger deposits, the safeguards are less clearly defined. If authorities are to reassure savers in the event of another bank hitting the buffers, they'd do well to reform this system says Alex Potter, an analyst at Collins Stewart in London. For now, though, Northern Rock is trying to get back to business. "These have been troubled times," CEO Adam Applegarth said in full-page newspaper ads published today. "But Northern Rock will prevail...

Author: /time Magazine | Title: U.K. Acts to Stem Bank Panic | 9/18/2007 | See Source »

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