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...beyond the marquee names are literally dozens of the starting players of the leading clubs of England, France, Germany and Spain. The impact of these players earning their weekly wage among the global soccer elite of Europe's top leagues has raised the quality of intra-African competition to the point that it has now become a major business proposition. According to CAN sponsor Canon, the potential accumulated global TV audience for the tournament is close to 4 billion; international sports channel Eurosport - which is broadcasting all 32 CAN matches live to the 59 countries it serves - expects over...

Author: /time Magazine | Title: Euro Soccer Suffers an African Eclipse | 1/25/2008 | See Source »

...Pakistan. We are now faced with turmoil in an already troubled and volatile part of the world, and since the West depends so much on Pakistan's support in the campaign against terrorism, I fear we will be subjected to a sustained campaign of violence. Gabrielle Spray, Colchester, England...

Author: /time Magazine | Title: Inbox | 1/24/2008 | See Source »

...Pakistan. We are now faced with turmoil in an already troubled and volatile part of the world, and since the West depends so much on Pakistan's support in the campaign against terrorism, I fear we will be subjected to a sustained campaign of violence. Gabrielle Spray, COLCHESTER, ENGLAND...

Author: /time Magazine | Title: What She Left Behind | 1/23/2008 | See Source »

...Board said in a statement. It was the first time since the markets reopened after Sept. 11, 2001, that the Fed had changed the federal funds rate between scheduled meetings. The move buoyed stocks in Europe, and added to speculation that the European Central Bank and the Bank of England would also cut rates in an attempt to stave off a slowdown. In morning trading in Europe, though, stocks fell. Britain's FTSE 100 dropped 1.25%, Germany's DAX index slid 2.16%, and France's CAC-40 fell 2.10%. Markets in Asia rebounded however, with Hong Kong's Hang Seng...

Author: /time Magazine | Title: Why the US Economy Still Matters | 1/22/2008 | See Source »

...Most Geordies, though, remain anxious about the bank's future. In a last-ditch effort to avoid nationalization, the U.K. government on Monday hatched plans to convert into bonds the $50 billion Bank of England loan it used to prop up Northern Rock. That makes a private sale of the bank more likely: those interested in bidding before the February deadline - including a consortium led by Richard Branson's Virgin Group - will no longer need to front up for a big slice of that loan. The bank's battered shares climbed more than 40% on the news...

Author: /time Magazine | Title: Between a Northern Rock and a Hard Place | 1/21/2008 | See Source »

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