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...such as knighthoods and peerages in return for donations to the party. That would contravene a 1925 law drawn up to ban the peddling of titles after Liberal Prime Minister David Lloyd George, a venal realpolitiker, exploited his powers of patronage for the benefit of party coffers. Four wealthy businessmen--all recommended by Labour for peerages, although their names were later withdrawn from contention--admit that they secretly made loans to Labour before the 2005 general election but say the cash was given on commercial terms and so did not have to be disclosed. In April 2006, the police extended...

Author: /time Magazine | Title: Tony Blair's Disappearing Act | 2/8/2007 | See Source »

...BlackBerry can wreak such havoc upon the lives of businessmen that it is nicknamed after a deadly street drug, how will it affect impressionable undergraduates? It certainly won’t damage our sex lives as much as weekend, take-home exams already do. Nor is it liable to induce ADD in a generation already accustomed to simultaneously writing papers and posts to instant messenger. The main danger of the PDA’s campus invasion is the potential for it to become a must-have luxury item amongst students, proving yet again how unbearably wonkish and overly serious Harvard?...

Author: By Stephen C. Bartenstein | Title: CrackBerry Mania | 2/4/2007 | See Source »

...Police began to look into party finances after four businessmen nominated for peerages in 2005 were blocked by the House of Lords Appointments Commission. The body was concerned that the men had recently handed over large amounts of cash to the ruling Labour Party. A spokesman for one of the men, entrepreneur Sir Gulam Noon, claimed Noon had been encouraged by Blair's chief fundraiser Lord Levy to omit details of a $460,000 loan to the party from his application...

Author: /time Magazine | Title: UK Cash for Honors Scandal: A Guide | 2/2/2007 | See Source »

That was then. In 2007, the Russians were all over Davos once again - Russian politicians thinking ahead to the post-Putin era, and Russian businessmen riding the oil and commodities boom with a look of steely determination. Dmitri Medvedev, Russia 's First Deputy Prime Minister (and a rumored successor to Putin), spoke of Russia as "another country" from the way it had been in 2000, when its economy was marked by low productivity and high inflation...

Author: /time Magazine | Title: Go Tell It On The Mountain | 2/1/2007 | See Source »

...proclaiming that "our nation is swiftly on track to becoming a superpower," anxiety over the possibility of a military confrontation with the U.S. in Iraq and further damage to Iran's international position has the country's leaders locked in sober, closed-door consultations. And Tehran's most influential businessmen are again debating whether to transfer their assets abroad. Says political analyst Saeed Laylaz: "At the highest levels of the regime, the situation today is being taken very, very seriously...

Author: /time Magazine | Title: The Jitters in Tehran | 2/1/2007 | See Source »

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