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...London got so big in the first place, and how it's starting to pay the price. Launched in the mid-'90s as part of the London Stock Exchange, this market for small companies deliberately set out to cut the paperwork for listing firms to an absolute minimum. There's no need, say, for bulky official prospectuses before a stock is listed on AIM, and the market is overseen not by official regulators but by brokerage firms called "nomads," which are responsible for the new issues. For years, AIM was a fabulous growth story, attracting more than 2,500 companies...

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

...whatever reason, our division doesn’t count towards a bowl,” Harvard coach Tim Murphy explains. “They’re less excited to play teams in our division, simply because you need six Division I, quote unquote, victories to make the minimum requirements for a bowl game, so it seems like there’s less opportunities for future scheduling...

Author: By Brad Hinshelwood, CRIMSON STAFF WRITER | Title: BRAD AS I WANNA BE: I-A, Bowls In Ivy Future? | 10/8/2008 | See Source »

...There was a modicum of cooperation on Tuesday, when E.U. finance ministers, meeting in Luxembourg, agreed to increase the minimum value of deposits guaranteed by member states to $68,000, from a previous floor of $20,000. But beyond that, there appeared little movement toward international coordination. On Monday Germany reaffirmed its determination not to participate in France's plan for a Europe-wide bank bailout plan, modeled on the U.S.'s $700 billion effort. Without Germany's participation, no such plan can proceed. "The Chancellor and I reject a European shield," German Social Democrat Finance Minister Peer Steinbruck told...

Author: /time Magazine | Title: Europe Struggles for a Response to the Bank Crisis | 10/7/2008 | See Source »

...coal for heating 59%. The consumer price inflation rose 5.46% year-on-year in September. They say the government is still offering businesses "expensive gifts" like tax relief to foreign investors, but it has done nothing to relieve creeping living prices. Union demands include for higher minimum wages, a VAT cut on energy bills, and lower income taxes...

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

...Nowhere more than in Germany, where the Finance Ministry enjoined German banks to double their commitments to bail out troubled mortgage giant Hypo Real Estate AG. A rescue deal that was hailed last week at a total cost of $48 billion had crumbled; now it is pegged at a minimum $69 billion, $21 billion of that from state coffers. Some analysts voiced concerns that even that might not be enough. (For photos of the financial crisis, click here...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

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