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...sought to convince the financial community that New Labour would be pro-business, pro-enterprise, noninterventionist and keen to cosset the rich, believing their wealth would trickle down to the wider economy. Brown also championed a new governance system for financial services that he and other politicians like to refer to as "light-touch" regulation. In June 2007, just days before he replaced Tony Blair as Prime Minister, Brown gave a rousing speech at the traditional black-tie dinner in Mansion House, the residence of the lord mayor of the City, brashly predicting an "era that history will record...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...shelf artisans Scharffen Berger and Joseph Schmidt. Mars is trying to keep pace, launching deluxe Dove bars and premium M&Ms in flavors like raspberry almond for $4 a bag. Supermarket shoppers can now select their sweets on the basis of preferred percentage of cacao (the mod way to refer to cocoa content): from Hershey's Cacao Reserve (35%) to its Scharffen Berger Extra Dark...

Author: /time Magazine | Title: Chocolate, Meet Choco-Luxe | 10/23/2008 | See Source »

...also make an already contentious election that much nastier. In 2000, Republicans John McCain and George W. Bush attacked one another for automated phone calls that used the words "vicious bigot" and "satanic cult;" both campaigns denied responsibility, blaming overzealous supporters, while McCain went so far as to refer to them as "hate calls...

Author: /time Magazine | Title: Robo-Calls | 10/23/2008 | See Source »

...Spurred on by the International Monetary Fund (IMF), which provided financial support during the 2001 crisis, the government pushed through strict budgets, monetary discipline and a big privatization campaign. Inflation and interest rates tumbled, and growth took off. The Turkish business community, while privately nervous about what some refer to as the government's "creeping Islamization," nonetheless applauded its free-market reformist zeal. But over the past 18 months, that zeal has faded and the reform process has stalled...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

Although the American Catholic community is too diverse to usefully refer to it as a monolithic bloc, presidential campaigns have long considered Catholic voters an essential part of a winning strategy. They are the largest single religious constituency in the electorate (33 million voted in 2004) and have aligned themselves with the winner in every presidential election going back to 1960, with the exception...

Author: /time Magazine | Title: How Catholics Are Judging Obama and the Democrats | 10/18/2008 | See Source »

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