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...they're unable to find full-time employment has reached a new record. Although the pound has lost a quarter of its value against the dollar since 2008, Britain's global goods deficit actually widened in January, with exports declining 6.9%. A weaker pound means the U.K. has to pay more for imports like fuel, increasing fears of inflation. (See pictures of London...

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

...Tony Blair, greeting the sunrise of his victory. Now 73% of Britons distrust politicians, according to a recent report by the Hansard Society. For many, the last straw was the revelation last year that MPs from all parties had taken advantage of a loose expenses regimen to subsidize their pay, some of them charging taxpayers for such essentials as moat cleaning, duck houses and sparkly toilet seats. Charisse can't even be bothered to cast a protest ballot for the BNP. "I don't vote," she says. "What's the point? Politicians are only out for what they...

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

...know that if we don't pay our mortgage, our home can be foreclosed on. We know that if we don't make our car payments, our car will be impounded. But I bet not every small-business owner fully gets that if you sign a personal guarantee for a loan or line of credit and your business ends up defaulting, everything you own can be seized, including your house, wedding rings and, in some states, joint bank accounts. Your wages can be garnisheed, as can your life-insurance policies. Bottom line: anything that looks juicy to the bank...

Author: /time Magazine | Title: Should You Sign a Personal Loan Guarantee? | 3/29/2010 | See Source »

...line. "Even a business with a solid balance sheet may be required to have a personal guarantee," says Therese Franzén, an Atlanta lawyer and chair of the American Bar Association's consumer-financial-services committee. The hope, of course, is that your business will thrive and you'll pay down the loan just as you would a mortgage.(See how to plan for retirement...

Author: /time Magazine | Title: Should You Sign a Personal Loan Guarantee? | 3/29/2010 | See Source »

...That Italians were able to do so is a testament to the country's changing media landscape, in which social-networking websites have emerged as an alternative to an information industry long tied to the government, political parties and industrialists. To pay for his production, Santoro put the word out through Facebook and other social media sites, recruiting 50,000 people who paid €2.50 ($3.33) apiece. Corporate sponsors provided the Internet and satellite feeds. "The last time Santoro was off the air he was basically unplugged," says Bernhard Warner, director of Custom Communications, a London-based social media consultancy...

Author: /time Magazine | Title: New Media Shaking Up Italy's Media Landscape | 3/27/2010 | See Source »

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