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...freewheeling, free-market practices - what the French like to call "Anglo-Saxon capitalism" - that led to this crisis. French President Nicolas Sarkozy kicked off that debate as Wall Street was reeling from the collapse of Lehman Brothers and Congress was first debating the bailout package. In a speech in Toulon on Sept. 25, he said the crisis marked "the end of a world that was built on the fall of the Berlin Wall and the end of the Cold War - a big dream of liberty and prosperity." As for capitalism, he called for a "new balance" between the market...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...performance.” Audience member Maria P. Mogollon ’03, who is in her second year at Harvard Business School and is the president of the Colombia Caucus at the Harvard Kennedy School, a group which co-sponsored the event, said that Zuluaga’s speech would help correct the country’s negative image. “Colombia is a country that is still being perceived, in spite of its dramatic growth and both economy and politics during the past decade, as the images of 1980s: crimes, drugs and poverty.” Mogollon...

Author: By Youho T. Myong, CONTRIBUTING WRITER | Title: Finance Minister Speaks of Weakness | 10/8/2008 | See Source »

...employee of the CIA for 27 years, this fellow is well-practiced in keeping secrets. Except for that one time in 2005 when she let slip the size of the national intelligence budget while giving a speech in San Antonio...

Author: By Meaghan E Lyons, CONTRIBUTING WRITER | Title: The Fellowship of the IOP | 10/8/2008 | See Source »

...that more than 100 people were injured. This included two protesters who had parts of their legs blown off by what police said were exploding tear gas canisters. A police spokesman said the action was taken to clear a road to parliament for cabinet members to attend Somchai's speech later in the day. A few days earlier, the PAD's leadership had also taken a hit when two of its founders were arrested and charged with insurrection and inciting unrest. One of those detained was PAD cofounder Chamlong Srimuang, an elderly retired general who later refashioned himself...

Author: /time Magazine | Title: Thai Opposition Protests Heat Up | 10/7/2008 | See Source »

...bank-by-bank, country-by-country fixes of its endangered banks have so far failed to bolster the confidence of investors and depositors. "Europe must prepare to put in place a collective line of defense," Dominique Strauss-Kahn, director-general of the International Monetary Fund, said in a speech in Paris on Monday. "The stability of the world economy is at stake...

Author: /time Magazine | Title: Europe Struggles for a Response to the Bank Crisis | 10/7/2008 | See Source »

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