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In this issue
Edition: Europe
Vol. 172, No. 13

COVER
How Financial Madness Overtook Wall Street
For years the financial markets roared along as if there were nothing to fear. Now it's payback time — and all of us will be feeling the pain


BUSINESS
Wall Street Meltdown: Global Fallout
The meltdown on Wall Street hit markets around the world. As companies count their losses, the human cost emerges


COMMENTARY
Nicolas Sarkozy: At Home Abroad
Nicolas Sarkozy's diplomatic panache has charmed the French public, but it hasn't yielded only successes


ARTS
Alan Ayckbourn's Curtain Call (Theater)
Alan Ayckbourn's comeback is a reminder that he is among the greatest living playwrights

Europe's Changing Places (Photos)
Stuart Franklin's photographs offer a haunting yet beautiful vision of our radically altered landscapes

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GLOBAL ADVISER
Venice Architecture Biennale: Ideal Homes (On Show)
In Venice, architects share visions of "What if?"

Far-Flung Luxury (Check In)
Easter Island's first proper hotel is a marriage of authenticity and luxury

How to Really Shine (Living It Up)
Bling My Thing specializes in customizing products with hand-painted Swarovski crystals

A Perfect Day in Cape Town (TIME Traveler)
Our Africa bureau chief, Alex Perry, reveals the best places to eat, drink, walk and swim


LETTERS
McCain: Temper of the Times (Inbox)
Adversity and Character; What Becomes a Leader Most?; What's Next for China


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AN UNNAMED SOUTH KOREAN NAVAL OFFICIAL, after North and South Korean naval forces exchanged fire Tuesday in disputed waters