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...unhappy with Branson?s bid, however, it is unclear where they might find a better one. The U.S.-based private-equity firm JC Flowers has also promised to repay billions of pounds of the Bank of England loan upfront, but its proposal offers shareholders only around 1 pence per share. Another investment firm, Olivant, has proposed buying a minority stake while parachuting new management in, a plan that would keep share prices at higher levels. But with the British government having already plunged billions of dollars into the bank, it will want to retain a say in any potential deal...

Author: /time Magazine | Title: Shareholders Balk at Virgin Bid | 11/26/2007 | See Source »

...their demands are not without reason, even if they lack proletarian appeal. Of course writers deserve a cut of whatever profits are made in streaming video. Of course it’s outrageous that they receive only one third of a cent per dollar of royalties—they’re certainly justified in asking for two thirds of a cent. And I do understand that this is a “matter of survival” for the WGA’s less famous members, whose condition is so similar to my own: untalented, unemployed, and unpaid...

Author: By Elise Liu | Title: A Writer’s Right | 11/26/2007 | See Source »

Providence, averaging just 63 points per game prior to the night’s matchup, put up 93 in a 93-70 win over the Crimson (2-4), led by guard Jeff Xavier’s long-distance fireworks. The junior scored a game-high 27 points, highlighted by seven of his team’s 14 total makes from beyond the three-point line. The Friars entered the game shooting just 39 percent from the field and 31 percent from beyond the arc, but went over 58 percent in both categories (14-for-24 from three) on a night...

Author: By Nicholas A. Ciani, CRIMSON STAFF WRITER | Title: 'Big' Challenge: Providence Shoots Its Way Past Men's Basketball | 11/26/2007 | See Source »

...recent weeks have touted successes in bringing down the level of violence in Iraq, saying statistics showed that the weekly number of attacks in have dropped to their lowest levels since February of 2006 - just before sectarian war fully blossomed. According to the U.S. military, attacks of all kinds per week nationwide have fallen to roughly 575, down from a high of roughly 1,600 in June. Civilian deaths have fallen by 60% nationwide since then, too. In Baghdad, easily the most violent area of Iraq, a grim measure of the prevailing conditions comes in the count of bodies found...

Author: /time Magazine | Title: Baghdad: Quieter but Not Peaceful | 11/23/2007 | See Source »

...kaiseki. We've eaten at many exclusive kaiseki restaurants, including the renowned Hyotei and Kikunoi. I speak passable Japanese, and my epicurean husband happily devours everything from poison-blowfish sperm to stewed snapping turtle. Kitcho doesn't take credit cards, so we were prepared to pay $400 to $600 per person in cash. But in Japan--and certainly at Kitcho--protocol and relationships are sacred. You are nobody until someone introduces you properly. For us the magic word came from a friend, the Catalan chef Santi Santamaria, who had been introduced by the director of a well-known Japanese culinary...

Author: /time Magazine | Title: The Ultimate Meal | 11/21/2007 | See Source »

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