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...reportedly asked the Federal Reserve for a $40 billion bridge loan to tide it over. On Monday the firm initially got a special dispensation from the governor of New York, the state that regulates it, to tap $20 billion in capital from its subsidiaries. Then it paid a visit to the Federal Reserve Bank of New York, where President Tim Geithner turned down its loan request but, according to the Wall Street Journal, asked Goldman Sachs and Lehman Bros. to organize a $70-billion to $75-billion rescue loan. There's no word yet on whether they'll actually...

Author: /time Magazine | Title: Wall Street Feels the Shock Waves: Bad But No Chaos | 9/15/2008 | See Source »

...visit to Bologna comes to mind ahead of this week's meeting in Brussels on how Europe should address the issue of the Roma, or "gypsies," who have faced prejudice and mistreatment for generations...

Author: /time Magazine | Title: Preparing for a 'Gypsy Summit' | 9/15/2008 | See Source »

...William, who is a lieutenant in the army, learned to fly through a brief training course with the RAF this spring. A storm of controversy was raised in April after it was revealed that he used official helicopter training missions to visit the property of his girlfriend, Kate Middleton, and fly his brother to a bachelor party. According to British newspapers, those sorties resulted in the head of the RAF, Air Chief Marshal Sir Glenn Torpy, demanding a "line-by-line" explanation of their authorization and left columnists debating whether the royals' involvement with the military was a sideshow...

Author: /time Magazine | Title: Prince William to Become Rescue Pilot | 9/15/2008 | See Source »

...Even those Catholics who do follow their faith have little hope that Benedict's four-day visit - which will include a mass in central Paris and a visit to the southwest pilgrimage town of Lourdes - can make a real difference. "It will create a buzz, but I don't think it will create a very deep feeling of religion," said Guillaume de Galard, 32, exiting mass on a recent Sunday in downtown Paris. "It will only exist for his time he's here...

Author: /time Magazine | Title: The Pope's Purpose in France | 9/11/2008 | See Source »

...French President Nicolas Sarkozy has poked at this spiritual status quo, using a visit to Rome's Basilica of St. John Lateran to call for a "positive" conception of laïcité, which would also encourage public expressions of faith. Some critics, however, say that the twice-divorced Sarkozy sees the symbolic and historic identification with Christianity as a way to respond to the growing assertiveness of French Muslims...

Author: /time Magazine | Title: The Pope's Purpose in France | 9/11/2008 | See Source »

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