Word: scotlande
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...tabloid journalists from Britain's Daily Express broke the news that Biggs was hiding out in Rio de Janeiro. Scotland Yard's subsequent efforts to extradite him were foiled after Biggs fathered a child, Michael, with Raimunda de Castro, a nightclub dancer and alleged prostitute; Brazilian law protected the parents of Brazilian citizens. And while Biggs could not legally work in Brazil, he was able to live freely and profit from coffee mugs and T shirts branded with his name and image. (TIME flashback 1981: "Biggs Bagged...
...lender heavily exposed to Britain's declining property market. Still, you can't fault Lloyds' optimism. The bank, in which the government has a 43% stake, predicted "high single-digit income growth" within two years. Analysts expect a steep hike in provisions for bad loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than two-thirds of it in government hands - should at least break even this time around, Maughan reckons...
...recent converts like Laura McNeil, a 35-year-old stay-at-home mother of three from Saltcoats, Scotland, the benefits of near beer are obvious. "I can go to a party, drink a good-flavored beer and drive home," she says. "And when my kids get up at 7 a.m. the next morning, I don't have a hangover." Now that's worth raising a glass to. With reporting by Lisa Abend / Cadaqu...
...debt. As his star was sinking, Wiedeking went from hero in the German public's eye to a victim of his own massive hubris. In his way, Wiedeking is Germany's symbol of the greed generation, just as Bernie Madoff is in the U.S. or the Royal Bank of Scotland's Fred Goodwin is in Britain. Not a criminal like Madoff, obviously, but someone who overreached, who dreamed too big. "Porsche is another example of how the gambling mentality in global casino capitalism has infiltrated even the most down-to-earth companies and industries in Germany," complained Joachim Poss...
...have swine flu to call a telephone line and answer a few questions; those whose answers indicate they might have it will be allowed to receive the antiviral Tamiflu or have a "flu friend" pick it up for them. (The system is available only in England for now - sorry, Scotland.) (See the top five swine...