Word: britishized
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...center of the room, a handful of youngsters gather around a thumping sound system and swap French slang-infused lyrics over a heavy hip-hop beat. Reclining on a nearby sofa, sporting a black leather jacket and yellow athletics pants, his short dreadlocks covered by a furry ushanka hat, British musician Tricky - the one responsible for this scene - is beaming. "It's wicked," he says. "People just come in and chill out. It's like a clubhouse." (See pictures of an urban adventure in Paris...
...Hornby's chairman at HBOS - which, along with Lloyds, got a $25 billion bailout from the government in return for 43% of the combined group - was "profoundly and unreservedly" apologetic. And really giving it his all, Fred Goodwin, ex-boss of the Royal Bank of Scotland (RBS), rescued by British taxpayers last fall with an even bigger bailout, said he "could not be more sorry." (See pictures of London's financial crisis...
...truth, the apologies - much like the banks' dodgiest assets - are of limited value these days. Failures at HBOS and RBS forced the British government into a $55 billion bailout in October, saddling it with more than a trillion pounds (roughly $1.4 trillion) in liabilities. In a jam-packed committee room, the former bankers picked over their biggest mistakes. Shelling out some $15 billion for a chunk of rival Dutch lender ABN Amro in mid-2007 - when all the signs were pointing to a testing time for banks - was "a big mistake," Tom McKillop, RBS's former chairman, told the committee...
...after British and United States intelligence officials intercepted a ship headed for Libya with centrifuge parts from Khan, Libyan leader Muammar Gaddafi, caught red-handed, decided to give up his nuclear program and cooperate with international inspectors...
...while Britain and the Netherlands have troops on the frontline, other allies insist that reconstruction is as important as combat and refuse to redeploy. Speaking yesterday in Munich, British Defense Secretary John Hutton scolded his NATO allies for not stepping forward to share combat duties, warning that there could be no freeloaders in the fight against the insurgents. "It is better to volunteer than to be asked," he said, denouncing the European habit of "looking to the Americans to do all the heavy lifting...