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...there until legal uncertainties are clarified. A British lawyer working in Bahrain points out that it took the West nearly 300 years to develop a legal framework for banking. Arab bankers are making great progress, but more must be done before they will have a modern financial structure. --By Gordon M. Henry. Reported by Aileen Keating/Bahrain

Author: /time Magazine | Title: Gulf of Woes: Banks decline and fall | 4/18/2005 | See Source »

...takeover attempts by Ted Turner and a right-wing group called Fairness in Media, says he was only trying to protect the news division from possible meddling by ideologues and corporate raiders. Yet some CBS staffers contend that Hewitt was implicitly taking a swipe at the team of Van Gordon Sauter, executive vice president of the CBS Broadcast Group, and Edward Joyce, president of CBS News. Though Hewitt denies that Sauter and Joyce were his targets, many CBS employees blame the duo for low morale within the division. At the same time, an internal struggle is being waged over...

Author: /time Magazine | Title: Press: Discord in the House of Murrow | 4/18/2005 | See Source »

...space-age lecterns, one question was inevitable: "Who is the weakest link?" - a reference to the TV game show where the worst-performing contestants get voted off. The reporter suggested it might be Blair himself, whose popularity has been flagging, especially compared with that of Chancellor of the Exchequer Gordon Brown. Labour's loudest grinding ax, economic competence, was potentially blunted by the collapse of Britain's last major carmaker, MG Rover; the government quickly announced a $284 million package to help with the consequences of 5,000 lost jobs. Opposition parties grumbled about the need for an official inquiry...

Author: /time Magazine | Title: That's Showbiz | 4/17/2005 | See Source »

Another sign he may be sticking around is his choice for a No. 2: Navy Secretary Gordon England, 67, whom Bush has nominated as Deputy Defense Secretary and who could face confirmation hearings as early as this week. Now that Rumsfeld is pushing plans to transform the Defense Department into a leaner, more agile fighting machine, he wants a deputy with more business savvy to see those programs completed. England's predecessor, Paul Wolfowitz, preferred strategizing grand operations like the Iraq war over managing the nuts and bolts of the department, which is what a deputy defense chief traditionally does...

Author: /time Magazine | Title: Rumsfeld's Go-to Guy | 4/17/2005 | See Source »

Friday, April 15. Charolotte Gordon discusses “Mistress Bradstreet: The Untold Life of America’s First Poet.” 3 p.m. The Harvard Book Store. Free...

Author: NO WRITER ATTRIBUTED | Title: HAPPENING | 4/15/2005 | See Source »

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