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...letter carrier from Portland, Ore., named Murr Brewster, whose folksy commentary on low-rise jeans and other fashion trends won in "Style+Beauty+Body." (An excerpt: "rolling cumulonimbus mounds of flesh were thundering out of pants all over town. Everywhere I looked, girls were celebrating physiques of the sort that once ignited the muumuu industry.") The announcement of her October win coincided with her retirement from her post-office job. "This has been a very good week," she said. "I'm now writing a book about my life in the postal service, called 'Miss Delivery...
...about the effectiveness of U.K. banking regulation. Then came a damaging political storm over the taxing of "non-doms" - wealthy foreigners who move to Britain and are taxed only on their U.K. income. Following last month's rescues of HBOS and Bradford & Bingley, the big question now is what sort of new regulatory measures will be put in place as a result of the current market meltdown. Fraser, the City's policy head, is hoping that any changes will be peripheral. "We'd be in much greater danger if financial services accounted for just 3% of the economy," he says...
...fringe meetings, speakers inveighed against "the spivs" who caused the mess, while union leaders and politicians raised cheers by bashing the rich. Brown's keynote speech talked of a new era that demands heavier regulation, an era in which the rich will "be able to look after themselves." That sort of talk sets off alarm bells. "There is a risk that a mood could emerge, an anti-City mood," says Douglas McWilliams, chief executive of London's Centre for Economics and Business Research. "You sense that now with the Labour Party in a rather weak state, there could...
...golden age as a golden cage. The debt-fueled days are almost certainly history, and households across the capital will have to tighten their belts and live with a lot less leverage; the banking crisis has already made it considerably harder for house buyers to get mortgages of any sort, let alone ones requiring only a tiny down payment. Jon Lloyd, joint head of LG's real estate practice, points out that the investment-banking mentality of the past few years - ever bigger fees for ever more complex transactions - has spread to all sorts of businesses, from law to real...
...Cambridge resident, was a fellow at the Harvard Kennedy School’s Carr Center for Human Rights Policy last year after he had come back from reporting in Iraq. He called his return “jarring,” stating that Cambridge is “sort of all the things that Baghdad is not.” Aided by a slide show of photographs, Filkins spoke of being in Afghanistan before the NATO invasion, until he was arrested and expelled in the summer of 2000, and later, of shadowing a marine battalion during the invasion of Iraq...