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...seems well placed. Like its skyline, London's profile as a financial hub is rising. While the U.S.'s mammoth $13 trillion economy provides a bigger market in domestic shares listed on Wall Street's two major exchanges - nasdaq and the New York Stock Exchange (n.y.s.e.) - Britain's more modest economy (it's the fifth largest in the world) has forced London to transform itself into a more internationally minded financial center to stay competitive. That transformation has become so successful lately that it has led to widespread speculation over whether London or New York City will become the world...

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

After roughly 200 years of decline, Calvinism, the faith of the Puritans, has made a modest comeback among younger Evangelical Christians. One of the movement's potent mentors is Albert Mohler, the influential, telegenic head of the Southern Baptist Theological Seminary, who made waves last June when he critiqued the religious claims of presidential contender Barack Obama in an essay called Secularism With A Smile...

Author: /time Magazine | Title: A Calvinist Faces Death | 1/31/2007 | See Source »

John Warner, with his lantern jaw, double-breasted suits and stentorian voice, has always looked the part of distinguished Senator. But for much of his three decades in the Senate, his actual record as a lawmaker was a ledger of modest and narrow accomplishments, mostly related to defense bills. In the past five years, however, the Republican has become one of the Senate's most influential members, thanks to a readiness to strike compromises on a host of high-profile issues ranging from co-sponsoring the anti-torture Detainee Treatment Act of 2005 to anchoring the "Gang of 14" bipartisan...

Author: /time Magazine | Title: Old Warrior in the Line of Fire | 1/31/2007 | See Source »

...happy-think movie for Best Picture. It happened during World War II, when the Catholic musical Going My Way won, and in the Vietnam War, with the Dickens musical Oliver, and at the apogee of the Watergate crisis, with The Sting, and just after the Clinton impeachment, when the modest comedy Shakespeare in Love snipered Steven Spielberg's bloody Saving Private Ryan...

Author: /time Magazine | Title: A "Little" Twist to the Oscar Race | 1/29/2007 | See Source »

...Secretary of Defense's dining room is modest, with a couple of inlaid wooden cabinets along the walls, several flags with streamers from various military campaigns, and a bust of Gen. Douglas MacArthur in one corner. The table can seat only 24, which isn't very grand for the man who controls the most powerful military in the world...

Author: /time Magazine | Title: Gates's Glasnost at the Pentagon? | 1/27/2007 | See Source »

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