Word: richness
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...important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member of Brown's Cabinet, said Labour was "intensely relaxed about people getting filthy rich...
...impact was greater because Britain's growing wealth has fueled growing inequality. The gap between rich and poor is only slightly narrower in the U.K. than in the U.S. and yawns much wider than in other European countries. Social mobility has stalled. The gulf between City financiers and low-income Londoners is profound. "The bankers look down from their gleaming towers in the City, and they see a depressed and depressing East End," says Dominic Carman, the parliamentary candidate for the Liberal Democrat Party in Barking. "From the East End, the City looks like an El Dorado of gleaming spires...
...financial crisis gathered pace. A Conservative poll lead of 20 points has eroded to the narrowest of margins, not least on fears of the youthful opposition team's collective inexperience. There's another factor that counts against them: the Conservatives have traditionally been seen as the party of the rich, and few Brits are feeling flush. Moreover, Cameron and many among his front-bench team were born to wealth and privilege. Voters wonder if they can understand the concerns of ordinary folk...
Three weeks ago TIME published a story titled "The Incredible Shrinking Europe" in which we argued that "if Europe wants to become a global power to rival the U.S. and China then it needs to stop acting like a collection of rich, insular states and start fighting for its beliefs." Simon Robinson's story, accompanied by an interview with Europe's new Foreign Minister Catherine Ashton and an impassioned column by Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy in Singapore, prompted readers and European leaders alike to write. Some thought our assessment was spot...
...Attorney General is appointed by the President; on the other, he must remain politically independent of the White House. Holder, who as Deputy Attorney General a decade ago approved both the expansion of Ken Starr's investigation of Bill Clinton and Clinton's disastrous pardon of fugitive financier Marc Rich, needs no lesson on the pitfalls of his position. But Holder enjoys a personal relationship with Obama that he never had with Clinton - and that makes the job harder, not easier. It may also help him keep...