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Also a factor in Monday's slide: plans announced by Prudential, a British insurer, to buy the Asian operations of AIG for an eye-popping $35 billion. Much of that would be paid in cash, Prudential said, which would mean swapping huge piles of sterling for dollars. Toss in the relentless pressure from speculators betting on a falling pound, as well as Britain's generally horrible fiscal position, and "sterling has sailed into a perfect storm of negativity," Nick Beecroft, a senior foreign exchange consultant at Saxo Bank, wrote in a research note earlier this week...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

Throughout the movie, you can tell that even Willis and Morgan know it is a terrible film, with visible sighs and eye rolling by the two that seem to move beyond the script and into their feeling about the film that they’re putting their names...

Author: By Alex C. Nunnelly, CRIMSON STAFF WRITER | Title: Cop Out | 3/2/2010 | See Source »

...ready to fall?” asks “Look Me in the Eye Sister,” the opening track of “Black Light,” Groove Armada’s sixth studio album. The lyric sums up the risk the band has taken on this new LP, abandoning their defining brand of filthy, glossy dance-pop and distancing themselves from their usual glow-stick-waving clientele. Instead, British duo Andy Cato and Tom Findlay offer up a more restrained, mature product, encompassing much of the greater subtlety and diversity of the whole world...

Author: By Colm Dubhrosa, CONTRIBUTING WRITER | Title: Groove Armada | 3/2/2010 | See Source »

...Look Me in the Eye Sister” is one of the album’s true gems. An understated rock song, its heavy guitar riff is punctuated with a bristling synth energy that climbs toward a rousing climax, successfully exploiting the sultry, dulcet tones of guest vocalist Jess Larrabee. The album contains many such collaborations, which successfully harness the youthful musical energy of a diverse range of artists, including Nick Littlemore from Empire of the Sun, and British pop superstar Will Young...

Author: By Colm Dubhrosa, CONTRIBUTING WRITER | Title: Groove Armada | 3/2/2010 | See Source »

...punitive sanctions on Iran. And in October, he threatened to filibuster the President's centerpiece health care measure if it included a public option. Though Obama had not favored that provision for months, Lieberman's move sent the left running for its pitchforks and cast him in the public eye as disloyal, despite his efforts for the President...

Author: /time Magazine | Title: Can the Democrats Forgive Joe Lieberman? | 3/1/2010 | See Source »

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