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...strengths and my weaknesses," he said in the stiflingly warm room, packed to the gills with Labour MPs and peers. "I am going to play to my strengths and address my weaknesses." By morning, the air was clearer. "The Labour Party does not want a new leader," Foreign Secretary David Miliband announced to the BBC. "There is no vacancy. There is no challenger." (See pictures of Brown as he prepared to become Prime Minister...

Author: /time Magazine | Title: Britain's Brown Keeps Job, But Problems Remain | 6/9/2009 | See Source »

...recent note to clients, analyst David Hendler of research firm CreditSights wrote, "Net-net, we believe that the announced actions are considerably dilutive to the company's shareholders, yet they could put to rest the dire perception that many investors had about Fifth Third, at least...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...people who are dealing with economic policy [in the White House] are not talking to the people who are dealing with cultural policy, because they don't see any connection," says David A. Ross, former director of the Whitney Museum of American Art in New York City and the San Francisco Museum of Modern Art. "What's clear is that there is a direct connection between economic recovery and cultural spending." Ross would like to see a federal rescue mission for the arts, a $250 million fund to stabilize museums and libraries. That would be only a small fraction...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

Berlin, Alan David •firing of from position as aide to Pennsylvania state senator famous for being tough on sex crimes after arrest of for propositioning a 15-year-old boy on the Internet and discussing having sex with him while wearing animal costumes...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/5/2009 | See Source »

Carradine, David •details of the passing of are apparently not for the squeamish...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/5/2009 | See Source »

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