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...Then the pilgrims came. The winter weather turned heavenly - one blue day after another. And the crowds of youths weren't quite the kind party-mad "Sinny" is used to. They were happy, patient, peaceable. They sang hymns and waved flags. When protesters threw condoms at them, they called, "Jesus loves you, too." When gay activists dressed as monks, nuns and devils shouted "Pope Go Homo, Gay Is Great," pilgrims made peace signs. After a mass on Bondi Beach, some high-spirited worshipers plunged into the surf. "They don't feel the cold, obviously," said local resident Lilian Selby...

Author: /time Magazine | Title: The Pope's Pilgrims Sway Australia | 7/20/2008 | See Source »

...they're camping in a Catholic-school hall. It's the first time any of them have been to Australia. "It's really overwhelming," says Mekendu, who's wearing a woolen beanie and a couple of T-shirts under his track suit; it's also his first experience of winter...

Author: /time Magazine | Title: Making a Pilgrimage for the Pope | 7/18/2008 | See Source »

Early last Winter, when the west was suffering the first casualties of the credit crisis, sovereign wealth funds (SWFs) rode to the rescue, providing over $40 billion in capital to some of the largest of the faltering U.S. and European banks. The U.S. government - reluctant to bail out banks directly - welcomed this infusion, even though SWFs are investment arms of foreign governments and American politicians are often suspicious of outsiders acquiring stakes in key domestic assets. So instead of a bailout of financial institutions by American taxpayers, we saw a foreign-funded bailout...

Author: /time Magazine | Title: Investing: That Sinking Feeling | 7/17/2008 | See Source »

...trillion, an amount that is growing rapidly. That money needs a home, and the weak U.S. dollar presents foreign investors with opportunities to put it to work by snapping up "bargains" like the Chrysler Building and Citigroup stock. But after turning to SWFs in their hour of need last winter, will U.S. and European officials be willing to do so again...

Author: /time Magazine | Title: Investing: That Sinking Feeling | 7/17/2008 | See Source »

Heenan backed Obama's primary opponent Senator Hillary Clinton, working briefly as her Rhode Island communications director in the weeks before that state's primary this winter...

Author: By Clifford M. Marks, CRIMSON STAFF WRITER | Title: Heenan Named Harvard's Newest VP | 7/16/2008 | See Source »

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