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...Brown, who was once so keen to crow about a successful decade spent steering the British economy, the turnabout is hard to stomach. Opposition pols have been keen to make hay. "We will not back nationalization," Tory Shadow Chancellor George Osborne said. "We will not help Gordon Brown take this country back to the 1970s." While that's unlikely to happen - it's been years since Labour could pretend to be a Socialist party - Brown's government will be hoping the same decade offers a useful precedent. When Rolls-Royce was on the brink of collapse in 1971, Osborne...

Author: /time Magazine | Title: Will Northern Rock Sink Brown? | 2/18/2008 | See Source »

Guessing the fate of Northern Rock is no less popular right now than guessing that of Chancellor of the Exchequer Alistair Darling. When Brown picked him as his successor as finance minister last June, Darling's closeness to Brown was his strength. Dependable, gaffe-free (and, like the Prime Minister, a Scot), Darling was a safe bet at the Treasury. Much less so now. Recent controversies over changes to Britain's capital gains tax, and plans to tax non-domiciled foreigners living in the U.K., have heaped criticism on Darling. And the strung-out - and fruitless - search for a buyer...

Author: /time Magazine | Title: Will Northern Rock Sink Brown? | 2/18/2008 | See Source »

...views. Indeed, the votes had barely been counted last week when she announced a shake-up of her Cabinet. Ousted from his post as Foreign Secretary was Francis Pym, who had differed with Thatcher on a number of issues. His replacement is Sir Geoffrey Howe, who as Thatcher's Chancellor of the Exchequer proved himself a trusted instrument of her economic policies. Howe's successor at Treasury is Nigel Lawson, formerly Secretary of Energy and another loyal Thatcherite. Deputy Prime Minister and Home Secretary William Whitelaw, whom Thatcher considered too moderate, has been elevated to the House of Lords...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...Chen said. “You just appreciate racial diversity here.” The study was conducted by David R. Colburn, a history professor at the University of Florida; Victor M. Yellen, a former director of institutional research at Florida; and Charles E. Young, professor and former chancellor of UCLA. The trio looked at enrollment data from the University of California’s Berkeley, Los Angeles, and San Diego campuses, as well as the University of Florida and the University of Texas at Austin. All three schools ended affirmative action during the period under examination, after state-wide...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Tough Odds for Asian Americans | 2/13/2008 | See Source »

When he announced the changes back in October, Chancellor of the Exchequer Alistair Darling admitted that they might only bring in an additional $1.28 billion a year. But the real issue isn't the money, he said - it's that "Everyone who lives and works here should pay their fair share." Raising taxes for those who can't vote might be a canny political move, but economically it may backfire. The Treasury reckons some 3,000 registered nondoms - out of a total of 115,000 - will pull up stakes when the new rule kicks in on April 6. Britain...

Author: /time Magazine | Title: Take the Money and Run | 2/6/2008 | See Source »

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