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Most actresses wait their whole career for a breakout role. And 24-year-old Oscar nominee Carey Mulligan knows it. Hers was Jenny, the lead character in the Lone Scherfig film An Education, which was adapted from the Lynn Barber memoir about a teenager who falls head over heels for a charming but flawed man. Mulligan's portrayal of a young woman who blooms with love only to wilt upon discovering its complexities has captured the hearts of critics and Oscar voters and has established her as one of the front runners going into the ceremony on March 7. TIME...
Lucian Grainge's management style is not short on theatrical flourish. Four years ago, the Briton who is about to become the world's most powerful music industry executive, arrived late to the boardroom of Universal Music Group's international head office in London after the company had suffered a particularly poor sales period. As he entered, he turned off the lights, leaving his executive team sitting nervously in the dark. He then paced around the room until finally uttering the words: "See that. Better get used to it. That's what it's like when you don't have...
...York will have to get used to Grainge this summer when the 49-year-old takes over as head of Universal Music worldwide, the largest record company on the planet with a market share of nearly 29% and such acts in its stable as U2, Lady Gaga, Eminem and Amy Winehouse. Grainge has been groomed for the role for several years and says his fingers will remain close to the light switch. "It will depend if they have any hits or not," he tells TIME. (See the 100 best albums of all time...
...good news for Britain's pound: nasty fronts like this are usually rare, and soon pass. For one, the slide likely had more to do with Prudential's announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head of global foreign exchange strategy at Credit Agricole in London. In some ways, that's encouraging. If a single opinion poll was able to trigger the kind of slump seen Monday - in a volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might...
...local allies have certainly made massive security gains in Diyala. The al-Qaeda-inspired insurgent groups that once rampaged through the province have been reduced to a handful of criminal cells that attempt the occasional assassination, according to Sheik Hussam al-Mojjma, head of the local Awakening Council - the Sunni citizens brigade largely responsible for defeating al-Qaeda. "When we started fighting al-Qaeda [in 2007] it was just us and the Americans," he says. "Not the army, not the police." But he isn't happy about the way he and his men were treated by the Shi'ite-dominated...