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...estimated that the top 0.1% of earners in Britain control as much as 4% of the nation's wealth - and over half of them are from somewhere else. According to the latest Forbes list of the world's billionaires, 17 of Britain's 41 billionaires are foreigners. They're drawn to the country in part by a tax break that exempts anyone born outside Britain from paying a 40% income tax on their overseas earnings. Few countries are as generous toward their foreign rich, and figures from the Treasury show that the number of people claiming tax-exempt status...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...clue as to the thing that emitted them. Humans, like all animals, quickly learn to assign values to those scents, recognizing that, say, putrefying flesh can carry disease and thus recoiling from its smell and that warm cookies carry the promise of vanilla, sugar and butter and thus being drawn to them. Other humans carry telltale smells of their own, and those can affect us in equally powerful ways...

Author: /time Magazine | Title: Why We Love | 1/16/2008 | See Source »

...Vysotsk - today a cluster of wooden houses with horse-drawn carts and creaking outdoor wells - a woman directed us to a memorial on the edge of the village. There, a large grave site was fenced off, and a Russian plaque announced that 1,864 Soviets - not Jews - were killed in 1942. So Desbois began knocking on doors along the one narrow road running through the village, in search of any witnesses to that day in 1942. "Were you living here during the war?" he asked as residents emerged from their homes, startled at the sight of an outsider. As darkness...

Author: /time Magazine | Title: Genocide's Ghosts | 1/16/2008 | See Source »

...staff deployed in A&R - the business of scouting for and developing artists - Hands's plan to make it more central to EMI seems sensible. But it's also obvious. And by trailing something you'd expect to already be an aim of record companies everywhere, Hands has drawn suspicion. "Here's a business person trying to turn [EMI] into a more creative company," says Dave Allen, bass player with British post-punk band Gang of Four, a former EMI charge. "In my mind, it's smoke and mirrors...

Author: /time Magazine | Title: Big Cuts Planned at EMI | 1/15/2008 | See Source »

...opposed to the "inter-civilization" fallout from the 2006 Regensberg address, the battle lines being drawn around La Sapienza were part of an ongoing internal struggle within the West. The public skirmishes occur on the now familiar terrain of bioethics, abortion, Darwin and separation of church and state. But being a lifelong man of study and reflection, Benedict also sees the source for much of the conflict in how ideas germinate and spread on university campuses. Biographers say his experience as a professor during the student upheavals of the late 1960s - where he believed a godless pursuit of personal freedom...

Author: /time Magazine | Title: Pope Cancels University Visit | 1/15/2008 | See Source »

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