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...Alistair Darling announced a proposal to charge foreign residents an annual $60,000 fee beginning in the eighth year of their stay in Britain. The question is, if London's foreign rich follow the money right out of town as a result, can London afford to lose them? Scorpio Partnership's Dovey fears the worst. "They don't have any deep ingrained ties to Britain," he says. "If the economic climate changes, they'll go somewhere else. I say let them do what they do. Because you'll be sorry if they're not there." Unless, of course, you have...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...this love affair between the global rich and London isn't just about saving a few thousand bucks - after all, the weather's better in Monaco. When Scorpio Partnership, a wealth management-strategy think tank, asked affluent clients why they chose London over, say, New York City, Paris or Munich, the good reputation of Britain's schools, the country's political stability, the growing pool of talent in the financial-services sector and historical ties to Britain were frequently offered reasons. "Another thing is the legitimacy, particularly for foreigners coming from emerging markets like Russia," says managing partner Sebastian Dovey...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...those are just small steps. In her book, Currid proposes that the city should directly subsidize artists, designers and musicians. The Center for an Urban Future wants the city to emulate London, which three years ago organized Creative London, a public-private partnership that coordinates strategies to support creative industries and offers assistance with financing, real estate and marketing...

Author: /time Magazine | Title: Culture Club | 1/17/2008 | See Source »

...even beyond political divides, Blair's biggest handicap in seeking the E.U. presidency is the one that inspired him to relinquish power in the U.K. last year: his significant unpopularity for his resolute partnership with the U.S. in its launch and persecution of war in Iraq. And that, Socialist Party leader François Hollande stated, is why Blair is unfit for the E.U.'s top job. Europe's presidency "will be about European policy, and about European independence from the United States," Hollande said. "I don't think Tony Blair corresponds to that profile...

Author: /time Magazine | Title: Blair Weighs Up EU Presidency Bid | 1/14/2008 | See Source »

...power to strike a deep chord and even spawn lasting pop-culture icons. Award-winning adman Philip Dusenberry, longtime chairman of BBDO North America, created those kinds of pitches. His magic, say his peers, was an intuitive sense of the emotional impact of his work. Before taking on the Partnership for a Drug-Free America and, in the wake of 9/11, New York City tourism ads, Dusenberry led such campaigns as "Pepsi: The Choice of a New Generation" (including, regrettably, the commercial in which Michael Jackson's hair caught fire...

Author: /time Magazine | Title: Milestones | 1/3/2008 | See Source »

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