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...More hand-outs from the public purse looked unlikely in the face of what the government already spent over the past week bailing out both Fortis and another bank, Dexia: a total of $10.6 billion, or almost $1000 per Belgian. "Even before the bank bailouts, the budget was tight and growth prospects were low, so it's hard to see where the money can come from," says Pierre Blaise from the Brussels-based centre for socio-political research (CRISP). "This could also have an impact on Belgium's international reputation...

Author: /time Magazine | Title: Amid Financial Crisis, Belgians Go on Strike | 10/6/2008 | See Source »

...Capturing the wholesale destruction of a hurricane is difficult. We learned that with Hurricane Katrina where the images, no matter how awful, were insufficient measured against the reality. The most overpowering sensation is the smell, a stench that seems to imprint itself on the brain's memory bank, suddenly wafting back hours after you have left the scene. It's a phenomenon well-known among homicide detectives and soldiers...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

Francis fled the island and the home where she had lived for "40 odd years" with her husband, a sea captain for Texaco, taking only a few photographs and the bank books for the Galveston Grandmothers Club. It was the first time she had left during a storm. In 1983, Hurricane Alicia, a category three storm, had blown hard but with no surge. This time, Hollywood Heights, her West End island neighborhood just two blocks off the beach was quickly put under water by Ike. A moldy black water line high on the yellow siding shows where the water...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

...dawn curfew and residents are warned to get shots for tetanus and hepatitis before returning. Downtown, with its brick and ironwork Victorian-era buildings - once dubbed the "Wall Street of the Southwest" - is a ghost town. The only sound is the low howl of dehumidifiers sucking moisture out of bank buildings and churches...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

...first, I was like, 'Oh, man, I hope no one sees me here, it's embarrassing,'" says Jessica Makolin, 21, an advertising major who will graduate from Michigan State in December. Makolin says she eventually grew more comfortable patronizing Michigan State's Student Food Bank, the only food bank in the nation run for students by students. The Lansing organization experienced a nearly 15% increase in traffic this past school year, with the number of visits topping out at more than 4,000 in 2007-2008. Students' need for food assistance is on the rise around the country. For example...

Author: /time Magazine | Title: Undergrads on the Bread Line | 10/6/2008 | See Source »

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