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After Madeleine McCann disappeared from a holiday resort in Portugal on May 3, it seemed like the whole world joined in the search. Over four months later, Madeleine is still missing, but the world's attention has shifted. Instead of looking out for the 4-year-old British girl, all eyes are on her parents, who were recently named as official suspects in her disappearance. Now, Kate and Gerry McCann find themselves fighting two battles: one to clear their names, and another to convince everyone that their missing daughter is still the big story. Over the weekend, help came from...

Author: /time Magazine | Title: A New Campaign for Madeleine McCann | 9/17/2007 | See Source »

Igor Petrovich has a good idea. He would like to import a small population of carp to eat the grass that has overgrown the pond. The pond is the pride and joy of Ranina, a resort community in the vast forested flatlands of eastern Belarus, and the grass has grown so thick that swimming and fishing have become difficult. The grass is a source of constant aggravation and conversation among residents who own properties along the water's edge. The homeowners agree that carp would be a simple, low-cost, environmentally friendly solution to the problem...

Author: /time Magazine | Title: The Town That Time Forgot | 9/14/2007 | See Source »

...process, the nonbank financial institutions buying these "structured credit products" - hedge funds and other supposedly sophisticated players - replaced banks as the engines of credit creation in recent years. Unlike banks, however, these institutions lack deposit insurance and do not have direct access to central bank lender-of-last-resort safety nets. When the quantitative models used to measure default risk on the new mortgage-backed instruments vastly underestimated actual delinquencies, many of these investors found themselves with unexpected losses. Concern about just how far these losses extend - and whether major financial institutions are at risk - has caused global stock...

Author: /time Magazine | Title: Asia Rising | 9/13/2007 | See Source »

...MCCANNS, WHO LIVE IN CENTRAL England, had gone on vacation with a few friends to Praia da Luz (Beach of Light), a tourist town in southern Portugal. The resort they chose, the Ocean Club, had a reputation for being kid-friendly. On May 3, the group was dining at the resort's tapas bar while the kids slept. At about 10 p.m., Kate McCann has said, she went to check on Madeleine and her siblings, 2-year-old twins Sean and Amelie. Madeleine was gone. The McCanns were not initially suspected; they have consistently denied any role in the disappearance...

Author: /time Magazine | Title: Who Killed Madeline McCann? | 9/13/2007 | See Source »

...economy could suffer a very serious downturn” if the housing market remains weak, Feldstein said, according to a Wall Street Journal transcript of his speech. “A sharp reduction in the interest rate, in addition to a vigorous lender of last resort policy, would attenuate that very bad outcome,” he added. But there is discord in the academic community. Senior Lecturer on Economics Jeffrey Miron feels the rate should be left alone because Bernanke has long emphasized the importance of controlling inflation. “While I don’t have...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Economists Divided Over Fed's Next Move | 9/10/2007 | See Source »

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