Word: britain
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...reminder that the country's power infrastructure is still more vulnerable than many feel it ought to be. According to research by three scholars at Carnegie Mellon University in Pittsburgh, the average U.S. electrical utility customer experiences 214 minutes of power outage each year - compared to 70 in Great Britain and just six in Japan. "The U.S.," says their article, "ranks toward the bottom among developed nations in terms of reliability of its electricity service...
...ever does collaborations - Winehouse, Lily Allen and Robbie Williams have all worked with the preternaturally youthful producer. (And before you ask, Winehouse didn't win anything because she wasn't up for anything: her Back to Black album that so wowed Grammy voters earlier this month came out in Britain in 2006, so she felt the love at last year's Brits...
...world's leading financial center. With finance a global growth industry, this is a great strength to have. But it is a uniquely mobile industry, and one in which reputation is particularly important. So the still unresolved failure of the U.K. mortgage bank, Northern Rock, is more damaging for Britain than a similar disaster would be for any other country...
...unfortunate, to say the least, that one of the first actions of Britain's present Prime Minister, Gordon Brown, when he became Chancellor of the Exchequer in 1997, was to remove the task of bank supervision from the Bank of England and entrust it to the agency responsible for the regulation of U.K. financial markets - perhaps under the erroneous belief that financial regulation and bank supervision were much the same thing. In fact, they are fundamentally different. In any event, although Northern Rock was pursuing a conspicuously high-risk business strategy, which enabled it to increase its share...
...Lord Lawson was Britain's Chancellor of the Exchequer under Margaret Thatcher