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When England's century-old Northern Counties Permanent Building Society merged with the Rock Building Society to become Northern Rock in 1965, it's hard to imagine it was too troubled by the health of the U.S. mortgage sector. But times change. The tight squeeze in the global credit markets has struck another financial institution, and forced another central bank to intervene...

Author: /time Magazine | Title: Credit Crisis Hits British Lender | 9/14/2007 | See Source »

...months, according to real estate tracker Reis. In the short term, that gives renters the advantage, since their numbers aren't growing as fast as the apartment count is. "In some cases, vacancy rates are going up," says Reis chief economist Sam Chandan. Unless you're in a tight market like New York City or San Jose, Calif., you might be able to win a free month or other concessions...

Author: /time Magazine | Title: What Homeowners Can Do | 9/13/2007 | See Source »

...life threatening spinal-cord injury that Buffalo Bills tight end Kevin Everett suffered on Sunday while trying to make a tackle adds urgency to a question that gnaws at the NFL with each passing season - is playing pro football worth the risks...

Author: /time Magazine | Title: Is Football Too Dangerous? | 9/11/2007 | See Source »

...Musharraf. Despite a landmark Supreme Court ruling last month that the former premier could not legally be denied a return to his home country, Sharif was bundled out of the Islamabad Airport first class lounge by a phalanx of plainclothes police officers and elite special forces soldiers clad in tight black T-shirts. While the Pakistani government has not yet confirmed his deportation, intelligence officials say he was placed on a plane departing for Jeddah, Saudi Arabia. "He never even got his passport stamped," says Amjad Malik, a British lawyer who was with Sharif as he negotiated with government officials...

Author: /time Magazine | Title: A Musharraf Foe's Aborted Return | 9/10/2007 | See Source »

...Michael Clayton (Clooney) is a "fixer": a lawyer whose savvy and connections can get his firm's clients out of tight spots. They call him a miracle worker, but he says he's just a janitor, cleaning up other people's messes. But Clayton has no one to fix his own troubles: a heavy debt exacerbated by an addiction to gambling - and, lately, to losing. Born into a working-class Irish-American family that also weighs on him, Michael was a policeman before joining the firm. The question the film asks: Is he, at heart, a cop who collars...

Author: /time Magazine | Title: Hollywood Stars' Do-Gooder Deeds | 9/9/2007 | See Source »

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