Word: londonized
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...month after confirming they were to split, Madonna and her film-director husband Guy Ritchie were granted a preliminary divorce this morning in the High Court of London...
...Ritchie will keep a 1,200-acre estate in Wiltshire and the couple's Punchbowl pub in London's tony neighborhood of Mayfair. The remaining London properties - a $10 million townhouse, a $9 million townhouse next door to it and two cottages - will be sold and the money split...
...Ritchie, who is currently in London filming his new film Sherlock Holmes, is said to be relieved. According to British tabloid the Daily Mirror, he blurted out, "Thank God," on the set when he learned on Thursday evening that the hearing would take place. The Lock, Stock and Two Smoking Barrels director celebrated quietly with a pint of beer...
...couple's two sons, Rocco, 8, and David, 3 (the latter adopted from Malawi in 2006), will divide their time between New York and London, where Ritchie will continue to reside. Lourdes, 12, whom Madonna conceived with her former personal trainer, will live with her mother in New York City...
...That doesn't bode well for global growth prospects. David Roche, president of Independent Strategy, an economic consultancy in London, notes that throughout most of this decade "the world economy has been used to using $4 to $5 of credit for every $1 of GDP growth." Even if this "profligate use of capital is halved," Roche argues, "it still means credit expansion of 10% to 15% is needed to achieve real growth of 2% to 3%." The problem: credit, far from expanding, is still contracting around the world - despite governments' efforts to salvage the financial system...