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Exactly 12 months ago, as rival European banks scented the first whiff of danger in America's mortgage market, the Royal Bank of Scotland had other business in hand. As French, German and Dutch banks confessed to being hit by their exposure to soured U.S. sub-prime mortgages, an RBS-led consortium was closing in on its eventual $100 billion buy-out of Dutch rival ABN Amro, the banking industry's biggest ever takeover. One year on, and Britain's second-largest lender is still making news - though these days it's much less welcome. On August 8, RBS announced...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...unscathed, but every year, 76 million Americans fall ill from unsafe food. More than 15 years of data show that 41% of all food-borne illness outbreaks in the U.S. can be directly traced to restaurant food. In 2005 a single employee reportedly infected with norovirus at a Blimpie sub shop in Michigan ended up sickening more than 100 customers. Investigators think the virus was transferred to food products and between employees who used the same sink to wash hands and wash lettuce without sanitizing the sink between uses...

Author: /time Magazine | Title: Dirty Restaurants: Sounding an Alarm | 8/11/2008 | See Source »

...Therefore, what changed the world most after September 11, 2001, as Louise Richardson argues in the immensely useful book What Terrorists Want, was the U.S. response. Undoubtedly, the attack represented the largest-scale terrorist strike by a sub-state group in history and the bloodiest such attack on American soil. In its aftermath, the immediate uncertainty created understandable panic. Was this the first of a wave of attacks, or was this an isolated event? Was Al Qaeda mustering the strength for an even larger-scale attack, or had it used all of the weapons in its arsenal...

Author: By Joanna Naples-mitchell | Title: An Inescapable History | 8/8/2008 | See Source »

...keeps her two kids in popcorn and orange drink, which is all they have for food. And that says nothing about her environment. She lives close to a casinoless Mohawk Indian reservation, near the Canadian border in upstate New York, where the snow is perpetual and the temperature always sub-zero...

Author: /time Magazine | Title: The Grim Appeal of Frozen River | 7/31/2008 | See Source »

...make better use of page real estate. SearchMe, which launched earlier this year, offers full-page snapshots in its results, through which you can flip like the album covers on iTunes. And the No. 4-ranked search engine, Ask, also uses a wider layout to display both images and sub-categories for refining one's search...

Author: /time Magazine | Title: Why Cuil Is No Threat to Google | 7/28/2008 | See Source »

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