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...apologies from bank bosses could stimulate the economy, Britain's would be outgrowing China's just now. As the former execs in charge of two of the U.K.'s largest banks appeared before a committee of Members of Parliament on Tuesday to account for their role in the financial meltdown, the bankers gave out "sorry"s like mortgage-backed securities...

Author: /time Magazine | Title: Britain's Bankers Say Sorry — Again and Again | 2/10/2009 | See Source »

...After completing his mandatory two-year stint in the Iranian Army, Khatami went on to become the editor-in-chief of the popular Iranian newspaper, the Kayhan Daily and later was appointed to the Iranian Parliament...

Author: /time Magazine | Title: Mohammed Khatami | 2/10/2009 | See Source »

...didn't know about the challenges, about the difficulties of this process of reform, but this time he knows very well about... the obstacles in front of the reform process and the difficulties of implementing the reform process in Iran." -Elaheh Koolaee, a member of Iran's Parliament during Khatami's first administration, on his evolution as a candidate. (Wall Street Journal, February...

Author: /time Magazine | Title: Mohammed Khatami | 2/10/2009 | See Source »

President Asif Ali Zardari, Bhutto's widower, has a small plurality in Parliament, little sway over Pakistan's all-powerful military and none of the charisma of his murdered wife. But for the moment, he will probably be Holbrooke's most enthusiastic partner. For all of Zardari's flaws, says Riedel, "he gets it: he knows this is as much his war as it is ours." Zardari can't ignore the now routine terrorist strikes within Pakistan; suicide bombers have attacked major cities, killing hundreds. Besides, since Bhutto's death, Zardari is at the top of al-Qaeda...

Author: /time Magazine | Title: Pakistan's Prospects | 2/5/2009 | See Source »

Britain may have lost some of its olde-worlde charms to the dual forces of modernizing government and globalization, but there's one corner of the nation left largely untouched by progress. Parliament's Upper Chamber, the House of Lords, with its 743 members, including 92 who are there only by dint of their aristocratic lineage, remains a byword for tradition and gentility. Those qualities were at least partially reflected in a recent headline from The Sunday Times: "Whispered over tea and cake: price for a peer to fix the law." According to the article, the polite rituals of afternoon...

Author: /time Magazine | Title: Lords for Hire? Scandal Rocks U.K. Parliament | 2/2/2009 | See Source »

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