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...standard. When the pound plunges, as it did in 1976 and in 1992, the damage to the British psyche is almost as far-reaching as the impact on the economy. And right now sterling's losing its shine. In the past year, the U.K. currency has lost about a fifth of its value against the euro, the currency used in much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come by. Worries over Britain's fast-shrinking economy, plunging interest rates, a wobbly banking sector and creaking government finances have driven traders...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

...public appetite for nekkid women. It's much more difficult to find paying occupants for unwanted office space in Chicago than it is in New York City, so the 54-year-old magazine is moving back to its home base. The company opened its New York City offices on Fifth Avenue in the early 1990s and didn't move editorial functions there until 2002. (See pictures of Hugh Hefner...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

...soon-to-be-defunct address on Manhattan's Fifth Avenue was perfect for the tone of classy depravity that the magazine tries to project and that made it acceptable to a more sophisticated type of reader who might otherwise be embarrassed to be associated with porn. This is not about the objectification of women, it said, it's about harmless fun. And some good journalism. But with the anonymity and impermanence of the Internet (no more telltale boxes of magazines under the bed), there's less appetite for Playboy's now almost coy-seeming nudity. A girlie magazine located...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

...coworkers realized that the powder might constitute a serious threat to her safety, she immediately contacted the University police. Within the hour, the Cambridge police and fire departments along with the University’s Environmental Health and Safety team had arrived and sealed off the fifth floor...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Law Prof. Receives Suspicious Powder | 1/21/2009 | See Source »

...wall will surely hurt American interests all across the Americas for a whole generation," wrote State Representative Elliott Shapleigh, a Democrat and a fifth-generation El Pasoan, in a recent Op-Ed. "Is it too much too soon to ask that this wall come down or is it the right thing to do at the right time in history? If not now, when? If not under President-elect Barack Obama, then...

Author: /time Magazine | Title: Opponents of the Border Fence Look to Obama | 1/21/2009 | See Source »

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