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...massive side bets on the whole scheme and then failed to get out early. The last domino will be the rejection of our currency by shocked foreign debtors. There is only one piece of investment advice anyone needs, and it has been accurate for over 5,000 years: buy gold. Gold has always represented the principle that you can't get something for nothing; something that America forgot a long time ago. Dan McCoy, Reno, Nevada...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

...River of Gold To see how finance has reshaped the British capital, take a trip to Greenwich, about 3 1⁄2 miles (6 km) downstream from Tower Bridge and home to the Royal Observatory, which dates back to 1675. It's the birthplace of Greenwich Mean Time, but for years the area was as well known for its mean streets: 19 Greenwich neighborhoods rank among the most deprived in England. Since 2001, the local council has pursued a major state-funded regeneration program aimed at cutting crime and unemployment, and improving the decaying public housing stock. But these days...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

...such notable '50s TV shows as Perry Mason and Gunsmoke and movies like The Old West, House Peters Jr. is best known for playing the original Mr. Clean in a series of commercials for the household cleaner of the same name. Peters portrayed the bald character with a gold hoop earring and white T shirt in the '50s and '60s, until his retirement in 1967. He also served in the Army's Air Sea Rescue unit...

Author: /time Magazine | Title: Milestones | 10/9/2008 | See Source »

...Tuesday's trading day, the Dow had plummeted 5% to 9,447.11. The other major indices declined as well with the NASDAQ down 5.8%, the S&P 500 down 5.74%, while investors retreated to traditional safe harbors such as gold, which was up $17.10 to $833.80, and oil, up $3.39 to $91.20 respectively...

Author: /time Magazine | Title: Wall Street's Crisis: When All News is Bad News | 10/7/2008 | See Source »

...felt the need to escape their sheltered bourgeoisie life. They moved into collectives, practiced forced sexual rotation, took weapons training, and planned attacks on the wealthy and powerful. By October 1969, the group was ready for its first major attack: four "Days of Rage," in Chicago's affluent Gold Coast neighborhood. The Weatherman boasted that thousands of student warriors would flood city streets with violence and destruction, but only a few hundred people showed up. Six Weathermen were shot and 287 arrested. The riots were deemed a failure...

Author: /time Magazine | Title: The Weather Underground | 10/7/2008 | See Source »

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