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...much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come by. Worries over Britain's fast-shrinking economy, plunging interest rates, a wobbly banking sector and creaking government finances have driven traders to dump the pound. "I would urge you to sell any sterling you might have," Jim Rogers, once a business partner of George Soros and now chairman of a Singapore investment company, told Bloomberg on Jan. 20 just before the pound hit a 23-year low. "I hate to say it, but I would not put any money...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

...Obviously, magazine editors are more fun to talk about than the people who sell chicken parts. First, they dress better. Second, while the sexiest figure poultry purveyors bring to mind is Colonel Sanders, magazine editors are embodied on screen (see Annette Bening, Candice Bergen, Vanessa Williams and, in the upcoming Shopaholic, Kristen Scott Thomas). And who can forget Meryl Streep's portrayal of a Wintoury editor in The Devil Wears Prada (whose character, by the way, managed to avert a managerial coup)? (See the best magazine covers...

Author: /time Magazine | Title: Wintour of Discontent: Those Vogue Editor Rumors | 1/27/2009 | See Source »

...debris from the outside of the residence, front and back. Just the tiny things." He says he is "prayerful" that residents will follow through on plans to create a peaceful Town Watch. At Monday's meeting, the council approved the purchase of motion-activated lights, which the city will sell to residents at a discount to help illuminate dark yards that might invite arsonists. (See the top 10 everything...

Author: /time Magazine | Title: Who Is Setting Fire to Coatesville? | 1/27/2009 | See Source »

...Washington. "There are plenty of people with far greater business-management experience than that of a lobbyist." Nonetheless, Lynn, who during his confirmation hearing on Jan. 15 pledged to "maintain the highest ethical standards," appears headed for Senate confirmation. To ease some Senators' concerns, he has promised to sell all his Raytheon stock and have his dealings at the Pentagon for the first year subject to an ethics review...

Author: /time Magazine | Title: Obama's Lobbyist Ban Meets a Loophole: William Lynn | 1/27/2009 | See Source »

...fact, Blagojevich's circus-like behavior since he was charged has angered and dismayed his colleagues in Springfield almost as much as the acts he is accused of committing, most notably trying to sell President Barack Obama's U.S. Senate seat. Not only did he refuse to go quietly by resigning, but he has steadfastly denied any wrongdoing, accusing legislators of plotting to overthrow him so they can push through tax hikes and generally bully all future governors. Blagojevich then surprised all observers by going ahead with an appointment to replace Obama; his choice of Roland Burris, a veteran African...

Author: /time Magazine | Title: The Blagojevich Circus Comes to the State Senate | 1/26/2009 | See Source »

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