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Agglomeration applies to labor talent as well. In a survey of international financial services execs published in 2005 by Z/Yen, a London consultancy, almost a third of those polled rated the availability of skilled labor in Paris and Frankfurt as poor. Three-quarters thought London's was excellent. Hourly productivity among the U.K.'s financial-services workers is estimated to have climbed 3.6% per year between 1997 and 2001, according to a 2005 report, well above the 2% growth in the British economy as a whole over that period. No doubt, London's captains of capital are handsomely paid...

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

...late Sir Roger Hollis, onetime head of Britain's counterintelligence service, M15, really a Soviet mole? Did the supersecret agency plot against the government of Labor Prime Minister Harold Wilson? These are some of the juicier questions reportedly raised in Spycatcher, a memoir by Peter Wright, who worked as an agent for M15 from 1955 to 1976. The book, which has not been released in Britain, has raised a furor because London has blocked publication of excerpts by invoking national security considerations...

Author: /time Magazine | Title: World Notes: Dec. 15, 1986 | 1/26/2007 | See Source »

...glimmers of glasnost have penetrated Soviet press treatment of the outside world, however. Capitalist countries are still routinely described as being plagued by unemployment, labor strife and racism, while news of the East bloc consists largely of stories about factory openings and trade agreements with Moscow. In one issue last week, Pravda, which usually devotes two of its six daily pages to foreign news, carried items about a student strike in France, a protest in India over the handling of the Bhopal disaster, a "crisis in the rightist camp" in Spain and a controversy about a book on the British...

Author: /time Magazine | Title: Press: Different Degrees of Candor | 1/26/2007 | See Source »

...Ernesto Maceda and Public Works Minister Rogaciano Mercado, whose ministries had been accused of corruption. Last week she added Minister of Local Government Aquilino Pimentel to the list, though she kept him in the Cabinet as a special adviser on national affairs. Aquino also reportedly accepted the resignation of Labor Minister Augusto Sanchez...

Author: /time Magazine | Title: The Philippines: Anxiety on the Eve of a Cease-Fire | 1/26/2007 | See Source »

...country's blogosphere is a fascinating, still evolving animal. When mobilized, China's 100 million-plus netizens can, by collective effort, accomplish noble ends. Take the case of Foxconn, a Taiwanese company with a factory in the southern boomtown of Shenzhen. After two local journalists published an article questioning labor conditions in the factory (which made parts for Apple's I-pod), Foxconn sued them personally for millions of dollars. But the resulting hue-and-cry on the web prompted the company to back down. Admirable...

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

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