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...vigorous declaration of modernity, generating the sustainable energy that drives what it calls a "global center of excellence for diesel engineering." These days, however, the 394-ft. (120 m) structure seems to punctuate the cry of pain that was once a busy shopping street in this hardscrabble East London suburb. Ford Dagenham produced as many as 340,617 cars annually and employed 40,000 people at its peak in the 1960s. Ford's diesel-engine plant, the only business left on the 475-acre (192 hectare) site, has a workforce of just 4,000; also gone are 60,000 other...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...Although the pound has lost a quarter of its value against the dollar since 2008, Britain's global goods deficit actually widened in January, with exports declining 6.9%. A weaker pound means the U.K. has to pay more for imports like fuel, increasing fears of inflation. (See pictures of London...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...will provide a short-term publicity boost, and boost to readership, but it doesn't address any of the fundamental problems for newspapers. Print advertising is in decline, because advertisers increasingly believe it is less effective than digital," says George Brock, a professor of journalism at London's City University. Even the 50-pence-a-day model fails to convince Brock, who argues that a price cut works only as part of a long-term strategic plan. When the Times of London cut its prices in the early 1990s to undercut its rivals, the move made sense only as part...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

...worked in newspapers in 40 years; Jeremy Paxman, the host of the late-night television program Newsnight; and Rod Liddle, the outspoken former editor of BBC Radio 4's Today program, whose candidacy faltered recently amid a controversy over a blog he wrote blaming black men for crime in London. What the hunt for a famous name shows is that Lebedev does not plan to conduct business as usual. A celebrity editor will generate publicity and, it is expected, oversee a repositioning of the title toward the center ground currently held by the Times of London. But battling with Murdoch...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

...word out through Facebook and other social media sites, recruiting 50,000 people who paid €2.50 ($3.33) apiece. Corporate sponsors provided the Internet and satellite feeds. "The last time Santoro was off the air he was basically unplugged," says Bernhard Warner, director of Custom Communications, a London-based social media consultancy. "Now what his supporters are able to do using social media is start a movement and get his voice...

Author: /time Magazine | Title: New Media Shaking Up Italy's Media Landscape | 3/27/2010 | See Source »

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