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...stoked concern that Frankfurt - now home to the European Central Bank - would eclipse the City as Europe's leading financial center. Those concerns have gone the way of the franc, lira and deutsche mark. Thanks to London's ability to exploit its long-standing expertise in marketmaking and English's position as one of Europe's primary languages, there are now more euros traded for dollars, pounds and yen each day in London than in the euro-zone countries combined. The City's share of the world's foreign-exchange trading has risen to a third, more than any other...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...sports teams’ mascots was widely criticized by the Native Americans at Harvard (NAHC).The New York Times covered the Princeton controversy and The Boston Globe reported on the Tufts’ imbroglio, and numerous blogs covered all three controversies.The Princeton article, which was written in broken English, parodied an Asian-American student who, after being denied admission, sued the school for discrimination. The article appeared in the paper’s annual prank edition.The column began, “Hi Princeton! Remember me? I so good at math and science. Perfect 2400 SAT score. Ring bells...

Author: By Daniela Nemerenco, CRIMSON STAFF WRITER | Title: Racial Scandals Seen in College Papers | 1/31/2007 | See Source »

...first he could not have given a name to his goal or, as he also admitted, define it with any accuracy. "I don't know that I've any style at all," he once told an interviewer. "I just patterned myself on a combination of 'Jack Buchanan [a debonair English musical-comedy star of the '20s and '30s], Noël Coward and Rex Harrison. I pretended to be somebody I wanted to be, and I finally became that person. Or he became me. Or we met at some point." In any event, Grant apparently felt that the process of self...

Author: /time Magazine | Title: The Acrobat of the Drawing Room: Cary Grant 1904-1986 | 1/26/2007 | See Source »

...inside Natal's borders. The area would then be ruled by a two-chamber parliament. One body would be based on "one man, one vote," which would mean black control and result in a black prime minister. The other would guarantee an equal number of seats to blacks, Indians, English speakers and Afrikaans speakers. Provisions to safeguard white rights, while allowing for eventual black rule, were also included. Dr. Oscar Dhlomo, a black delegate to the congress, called the proposals "South Africa's last chance for peaceful negotiations on reform, not only in Natal but for the whole country...

Author: /time Magazine | Title: South Africa: Dashed Hopes | 1/26/2007 | See Source »

...virtual China can be rushed to judgment, it must be the current controversy over the Starbucks branch in Beijing's Forbidden City, the iconic former imperial palace complex that is one of the most potent symbols of Chinese imperial grandeur. The furor was started by Rui Chenggang, an English-language news announcer on the government's China Central Television. Rui wrote in his blog last week complaining about the presence of the Starbucks inside the hallowed walls of the Forbidden City. The presence of the coffee chain there was ?eroding Chinese culture,? Rui wrote. It would be like having...

Author: /time Magazine | Title: Cuckolders and Latte Hawkers Beware! | 1/26/2007 | See Source »

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