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Banks collapse, stocks markets crash, billions flow to shore up the financial system. Yet Belgians responded to what may be the worst financial crisis in a generation Monday in their own quirky way: by going on strike...

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

...Monday, the students, most of who had never been across the Pacific before, will continue their American adventure by sitting in on a statistics and an economics course, and then visiting the Prudential Center and the Museum of Fine Arts in Boston...

Author: By Christopher H. Sun, CONTRIBUTING WRITER | Title: Harvard Chess Club Ties Beijing Team | 10/5/2008 | See Source »

Watching the House of Representatives vote on the Wall Street bailout plan Monday from the press balcony, I happened to be standing next to a House employee - one of the wizened guys who's been there for years working the lights and audio for the chamber. As the vote stretched out and looked increasingly doomed, he nudged me, "Look at the center aisle, those Blue Dogs, when they need votes that's who they go courting...

Author: /time Magazine | Title: Blue Dog Democrats May Be Key to the Bailout Bill's Fate | 10/3/2008 | See Source »

...bill passed the House 263 to 171 - with 91 Republicans and 172 Dems voting yes - a larger margin than expected, considering the bill's spectacular failure, 228 to 205, on Monday that caused the largest one-day drop, 778 points, in the Dow Jones industrial average. Very soon after passage, President Bush signed the bill into law, finally giving Treasury Secretary Hank Paulson the authority that he requested more than two weeks ago to buy up Wall Street's distressed mortgage-backed securities. But getting it done was not pretty or easy, and the clearest sign of that...

Author: /time Magazine | Title: What the Bailout-Bill Crisis Has Wrought | 10/3/2008 | See Source »

...Wall Street. Lobbyists underlined to every member of Congress that small businesses and consumers were already having serious trouble getting loans and that the entire economy could completely freeze up if nothing was done. Representatives surely heard the same message directly when they went home to their districts after Monday's debacle, as many of the same constituents who had been so angry about a bailout voiced their frustration at the real hit taken by their stock portfolios, mutual funds...

Author: /time Magazine | Title: What the Bailout-Bill Crisis Has Wrought | 10/3/2008 | See Source »

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