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...jittery banks slashing the range of available mortgages, and rocketing gas prices nudging inflation to 3.8% - well above the Bank of England's 2% target - demand in Britain's housing market has been choked. House prices fell 1.7% last month, according to Halifax, a major mortgage lender, and a total of 8.8% over the past year. That's hit Britain's construction business hard. Shares in Taylor Wimpey, the U.K.'s largest house builder, have fallen more than 80% over the past 12 months. The construction downturn slowed growth in Britain to an anemic 0.2% in the second quarter...

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

Which is why I'm almost as puzzled by Obama's debate strategy as I am by McCain's advertising. Obama's decision not to accept McCain's offer of 10 summer debates--or, at least, to negotiate a more manageable total--always seemed wrong to me. After all, Obama is supposed to be the fresh breeze, and that would have been a brand-new, high-road way to engage the public. Obama's refusal made him seem less than courageous. It played into the notion that he wasn't a very good debater and that McCain...

Author: /time Magazine | Title: Open to Debate | 8/7/2008 | See Source »

WEEK BY WEEK [This article contains a table. Please see hardcopy of magazine.]     JUNE       JULY       AUG.         SEPT.       OCT.         TOTAL WEEKS WON REPUBLICANS   TIE     X TIE X     TIE X                         3 DEMOCRATS...

Author: /time Magazine | Title: The Page | 8/7/2008 | See Source »

...Total Revenue of Iraq's Government...

Author: /time Magazine | Title: The World | 8/7/2008 | See Source »

Though alarmist headlines might suggest otherwise, recent statistics show that the Met has been living up to its international reputation. Across Britain's capital, crime is down by a total of 19% over the past four years, with sanction detections - where an offender has not only been caught but charged as well - up from 12.7% to 25.4% in the same period. "No one in Europe is better," says a senior Italian law-enforcement official...

Author: /time Magazine | Title: A Case for Scotland Yard | 8/6/2008 | See Source »

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