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...edge, implying the Conservatives on hand today are not really a match for the problems of today's Britain. After three big defeats by Labour, even the proudest veterans of Margaret Thatcher's revolution must be wondering whether deliverance will ever come. And despite a surprisingly sparkling convention that lent a rare air of enthusiasm to the party, they have reason to worry. According to a Populus poll, 49% of British adults believe that "politics would be better off if the Conservative Party was replaced by a new right-of-center party" - as do 44% of Tories themselves. Here...

Author: /time Magazine | Title: Ready for Prime Time? | 10/9/2005 | See Source »

...year was 1262, and the glorious city-state of Venice was enmeshed in a vicious naval campaign against the emperor of Byzantium and his Genovese allies. The Venetian government needed money, so the Great Council drafted the Ligatio pecuniae. The decree guaranteed 5% interest on money lent to the city-state for its war. The Venetians prevailed and, in the process, established the precursor to the system of borrowing on which every modern government relies. Without it, we wouldn't have deficit financing, Treasury bills or Alan Greenspan...

Author: /time Magazine | Title: Really Old Money | 9/18/2005 | See Source »

...three years singing in a Belgian dance company before starting art school back in the British capital. As the result of a performance-art piece in the early 1990s - she was singing while milking a cow at a party - she caught the attention of the electronic duo Orbital. She lent her voice to their recordings, then ended up collaborating with trip-hop pioneer Tricky, recording and touring with him. After she met film-score composer Gregory, they released their 2000 debut Felt Mountain, an enchanting, cinematic progression from the trip-hop groove. The 2003 follow-up Black Cherry added...

Author: /time Magazine | Title: The Siren's Call | 8/21/2005 | See Source »

...platinum-selling rapper. His 2004 debut album, The College Dropout, went nearly triple platinum, topped all the major critics' polls, earned 10 Grammy nominations and made rap accessible to audiences that hadn't paid attention in years. "That record restored my faith in hip-hop," says Jamie Foxx, who lent comic vocals to West's No. 1 hit Slow Jamz...

Author: /time Magazine | Title: Why You Can't Ignore Kanye | 8/21/2005 | See Source »

...Iran's main newspapers ran a long piece in which several key former hostage-takers denied Ahmadinejad's participation. Most of the leading hostage-takers are now reformists and oppose Ahmadinejad's conservative camp, which means they had no apparent motive to protect him. This lent their words credibility. The allegations against Ahmadenijad lost credibility in Iran when it was revealed that the photograph purporting to show a young Ahmadinejad escorting a blindfolded hostage was dug out by the Iranian Mujahedeen-Khalqh Organization, the Marxist-Islamist exile opposition group classified by the U.S. State Department as a terrorist organization...

Author: /time Magazine | Title: What to Expect From Iran's New Leader | 8/3/2005 | See Source »

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