CREDIT DUE: Brown's plan to recapitalize banks should ease the crunch
"Everyone has his day, and some days last longer than others." Winston Churchill's aphorism resonates for his 21st century successor, Gordon Brown. Just weeks ago the British Prime Minister looked fist-clenchingly impotent as insurrection bubbled in Labour's ranks and his Conservative opponents thumbed their noses from the safe distance of a 20-point poll advantage. Then came convulsions in the global economy. The scramble to avert meltdown drove Labour rebels into retreat, halved the Tory lead and granted Brown more than just a reprieve from domestic woes. As Congress bickered over the U.S. bailout and European leaders vacillated between a unified response...
