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...Having grown faster than Europe's other big economies over the past decade, British GDP will shrink more this year, estimates the E.U. Brits have begun comparing themselves to Iceland, another north Atlantic island buffeted by financial turmoil. When squatters were discovered living in two $20 million Park Lane mansions, it was taken as a powerful reminder of the recessions of the 1970s and 1980s. "There will be lots more people like me in the coming months," said one of the squatters. Britain's opposition Conservative Party says things could get so bad that the country might have...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

Several of Jackson’s colleagues commended his appointment in a time of economic turmoil, citing his experience with the intricacies of Law School finances...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERSS | Title: Jackson Named Acting Harvard Law School Dean | 1/15/2009 | See Source »

...colleague says. Some regional Fed presidents thought he was excessively gloomy. As an insider put it, they thought Geithner had been captured by his constituents - the heads of the largest banks and investment firms in New York, most of whom were leveraged to the hilt and deeply vulnerable to turmoil in the mortgage-backed-securities market. But Geithner's view prevailed that week with his boss, Ben Bernanke. A few weeks later, the Fed slashed its key interest rate by half a percentage point, and soon it was trying to figure out other, less conventional ways to deal with...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

Holly, a virgin and a waitress, was recently dumped by her fiancé, and the subsequent turmoil has fueled an addiction to chocolate wafers - and resulted in an expanding waistline. As her self-esteem tanks, she learns that she must serve dinner to Prince Casper of Santallia in a hospitality suite at Twickenham, the home of England's national rugby team. Within minutes the playboy prince starts making passes (and not of the sporting kind), Holly slides across a table, and, for the first time in her life, she feels like a "rider clinging to the back of a thoroughbred...

Author: /time Magazine | Title: Will Rugby and Romance Be a Match Made in Publishing Heaven? | 1/12/2009 | See Source »

...legal blogger. “If it’s all dependent on her force of personality, Harvard is in trouble.”The decline of the University’s endowment, which fell by an estimated 22 percent in four months during a period of global economic turmoil, may restrict the new dean’s first moves. As the University prepares to tighten its belt, Kagan’s successor will inherit the responsibility of making decisions based on financial compromises.As a result, Law School professor Richard H. Fallon said, it will be difficult to distinguish...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERSS | Title: Kagan Picked for D.C. Post | 1/7/2009 | See Source »

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