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...turnabout is hard to stomach. Opposition pols have been keen to make hay. "We will not back nationalization," Tory Shadow Chancellor George Osborne said. "We will not help Gordon Brown take this country back to the 1970s." While that's unlikely to happen - it's been years since Labour could pretend to be a Socialist party - Brown's government will be hoping the same decade offers a useful precedent. When Rolls-Royce was on the brink of collapse in 1971, Osborne's own Conservative party nationalized the aerospace company, arguing it was crucial for the country's science and industry...

Author: /time Magazine | Title: Will Northern Rock Sink Brown? | 2/18/2008 | See Source »

Sometimes it's hard to muster enough critical detachment to report a subject fairly. Take the changes to London's congestion charging scheme that were unveiled at a ceremony in City Hall this morning. Ken Livingstone, the capital's two-term Labour Mayor - currently campaigning to win a third stint in May 1 elections - announced that from October onward, drivers of high-polluting vehicles will have to pay a punitive ?25 or $50-a-day toll for city-center journeys. The chief focus of Livingstone's wrath are the four-wheel drive vehicles he calls "Chelsea tractors": shiny gas-guzzlers...

Author: /time Magazine | Title: Taxing the Gas Guzzlers in London | 2/12/2008 | See Source »

...York, of course, has long been thought of as a city of immigrants - of the Irish and the Italians, the Dominicans in Washington Heights, and the scores of other ethnicities that make up Gotham's mosaic. But increasingly, so is London. In 2006, according to the London Labour Force Survey, 31% of the city's residents had been born outside Britain; that compared with 34% of New Yorkers who hailed from outside the U.S. that year. Hong Kong, which barely existed 150 years ago, has always been a haven for migrants fleeing trouble in China. Even in these prosperous times...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...Tuesday, traffic police briefly detained the director of BC's St Petersburg office Stephen Kinnock (and son of former Labour Party leader Neil Kinnock), claiming they "detected the strong smell of alcohol" emanating from him. The BC rejected the claim that Kinnock had been drunk, and protested the harassment. U.K. Foreign Secretary David Miliband also accused Russia of "completely unacceptable" behavior. In a statement to MPs in the House of Commons on Thursday, Miliband expressed "anger and dismay" at Russia's actions adding: "We saw similar actions during the Cold War but frankly thought they had been put behind...

Author: /time Magazine | Title: UK-Russian Tension Growing | 1/17/2008 | See Source »

...French Socialists, for example. Though their former presidential candidate Ségolène Royal had previously contrasted the general feeling scorn towards Blair among France's leftists with comments that she found several of his social and economic policies appealing, she admitted finding it "strange" how the former Labour leader was snuggling up with rightists in her back yard. "If I'd been invited to address English Conservatives, I'd have abstained out of friendship to Labourites," said Royal. She explained Blair's decision to the contrary on his cynicism in "accepting all invitations because he's campaigning...

Author: /time Magazine | Title: Blair Weighs Up EU Presidency Bid | 1/14/2008 | See Source »

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