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...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. Which means that Northern Rock shareholders might not like Branson's proposed deal, but it may prove...

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

...Senators Clinton and Obama support nuclear power, while Senator Edwards does not. Obama’s health care plan does not mandate insurance for all adults, whereas the plans put forth by Clinton and Edwards do include mandatory coverage. Clinton and Obama voted to support the U.S.-Mexico border fence, while Edwards and border state Governor Bill Richardson (D-N.M.) oppose its construction. Clinton voted to ban partial-birth abortions, while Obama and Edwards did not. Obama supports merit pay for teachers, the others...

Author: By Jarret A. Zafran | Title: Enough With Electability | 11/26/2007 | See Source »

...smell of smoke when you are sitting near us outside ABP. You’ve taken our bars, restaurants, campus, even Leavitt and Pierce; at least let us shiver over a smoke outside in peace. That isn’t to say that we don’t plan on quitting, of course, just give us time. Maybe even a sympathetic smile or a high-five...

Author: By Thea S. Morton | Title: The World Is My Ashtray | 11/26/2007 | See Source »

...would hold a referendum on amending the Constitution to recognize Aboriginal people. It was his "generation" that had prevented his seeing the need for this sooner, he said. He talked more about climate change and went ahead with preparations for a carbon emissions trading scheme. He said future and plan more often. He started wearing a more stylish tracksuit on his morning walks. In the final week of the campaign he did an old-married-couple interview with Treasurer Costello, explaining how the succession would go. Howard would resign, he said, Costello would stand unopposed, "and everybody will sort...

Author: /time Magazine | Title: Australia's New Order | 11/25/2007 | See Source »

...could send a signal to Israelis that there is a partner for peace. We are there to support Mahmoud Abbas, the Syrians and the Lebanese to get their territory. We are there in all honesty, if peace is achieved, to pursue that what was promised in the Arab peace plan. That is normalization, after the peace. We are not going to be party to gestures that could be interpreted as normalization before peace is attained...

Author: /time Magazine | Title: What the Saudis Want from Annapolis | 11/25/2007 | See Source »

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