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...Grainge joined Polygram's songwriting division and gradually moved up the ranks at the company, which would later become Universal following a merger with MCA. Eventually, under the tutelage of Doug Morris, the Universal chief executive he'll be replacing, Grainge rose to run the company's U.K. headquarters and then its international operations. As EMI has faltered in recent years, he has become a key force behind helping British acts break into the U.S. market, most notably, the troubled Winehouse. (Read a TIME profile of Amy Winehouse...

Author: /time Magazine | Title: Will Universal Music's New Boss Keep the Hits Coming? | 3/3/2010 | See Source »

...volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might be expected to cause the venerable currency to collapse. And while it's true that speculators are adding to the pressure on sterling - the value of short positions on the pound rose to more than $6 billion in the week prior to Feb. 23 - they remain "the froth at the top," insists Simon Derrick, head of currency research at Bank of New York Mellon in London. (See pictures of London...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

...also helps explain why sterling has stabilized since the steep fall on Monday. The pound actually rose slightly against the dollar on Wednesday amid reports the Prudential deal was floundering and the release of data showing a rise in U.K. consumer confidence last month...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

David G. Blackbourn, the director of the CES, rose to support Pharr’s opening statement...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: New FAS Policy Budget Questioned | 3/3/2010 | See Source »

...later aired video of tall, destructive waves pushing houses, cars and boats through fishing villages. "We ran desperately up the hill and watched how the sea washed everything away," a woman in the village of Duao told a Chilean-TV reporter. The wave that hit the village of Talcahuano rose more than...

Author: /time Magazine | Title: Chile: Prepared for the Quake but Not the Tsunami | 3/1/2010 | See Source »

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