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...showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power. It's still the world's sixth largest economy, but other numbers are not so flattering. Britain's budget deficit - ?178 billion, according to the Treasury - is the largest as a proportion of GDP among G-7 nations. Unemployment stands at 2.46 million, a rate of 7.8%. That's not as bad as some pundits predicted, but the ranks of the long...

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

...what is the single Asian number Henry Kissinger would call...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...significant proportion of Europeans, the E.U. President and Foreign Minister are entities which have been created by the political élite of the E.U. and agreed to by Europe's governments, and are virtually irrelevant. The Lisbon Treaty was approved by E.U. heads of state, with only a small number of states holding a democratic referendum prior to signing up to the treaty. Like most countries, the British government did not hold a referendum, and the government signed up to the treaty on our behalf. Little wonder then that many Europeans remain uninterested in these new positions, and that senior...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

Heribert Hutterer, Vienna I am very glad that George W. Bush, Dick Cheney and Donald Rumsfeld had no phone number for a person capable of leading the whole of Europe into the Iraq war. It was enough that they had Tony Blair's number...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...website work, which turned the truck's mysterious whereabouts into a hipster happening.) Choi's amazing food has become one of the movement's signature successes. Kogi made $2 million in revenue in its first year, on checks averaging $13 per person. It has given rise to a number of copycat Korean-taco trucks and inspired the Baja Fresh chain to add short-rib tacos to its menu...

Author: /time Magazine | Title: Gourmet On the Go: Good Food Goes Trucking | 3/29/2010 | See Source »

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