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...they might find a better one. The U.S.-based private-equity firm JC Flowers has also promised to repay billions of pounds of the Bank of England loan upfront, but its proposal offers shareholders only around 1 pence per share. Another investment firm, Olivant, has proposed buying a minority stake while parachuting new management in, a plan that would keep share prices at higher levels. But with the British government having already plunged billions of dollars into the bank, it will want to retain a say in any potential deal. Which means that Northern Rock shareholders might not like Branson...

Author: /time Magazine | Title: Shareholders Balk at Virgin Bid | 11/26/2007 | See Source »

...more important than the buying power of that 0.667 percent stake is what it represents. Every form of mass media is built upon the written word. Yet that work goes largely unnoticed: Who outside of the business can name ten screenwriters? Who can name five...

Author: By Elise Liu | Title: A Writer’s Right | 11/26/2007 | See Source »

...those benefits. Tea-estate workers are paid on average $1.38 a day in northern India and $2.25 in the south, and because the estates are so remote, workers must rely on tea companies for basic services. "The only long-term, sustainable solution is for estates to give workers a stake in the earnings," says Samir Roy, head of the Defense Committee for Plantation Workers Rights...

Author: /time Magazine | Title: India Brews a Stronger Cup | 11/15/2007 | See Source »

...Yale will miss our chance to watch it happen. The small, football-shunning Harvard crowd that does make it out to the Bright will suffer the indignity of being dwarfed by the Cornell fans like never before. Even our school’s good name is at stake. The number of students at a Harvard game is, among other things, an expression of spirit, a declaration of Harvard pride. This weekend, thanks to the scheduling mishap, Harvard pride will be confined to New Haven...

Author: By Daniel J. Rubin-wills, CRIMSON STAFF WRITER | Title: LAST WILLS AND TESTAMENT: Tough Choice Mars Rivalry | 11/14/2007 | See Source »

...these, we had little or no perceptible stake of our own. Britain, with grim enthusiasm, condemned us to assist in the creation of dead colonial heroes. In World War I, Australia lost 59,258 young men out of a total of 330,000 sent abroad. Both as a proportion of troops killed or missing and as a proportion of national population, this was the highest figure for any Allied state. It left us in the 1920s as a psychically devastated nation of widows, spinsters and orphans. This enormous death toll was rationalized as a cleansing, an erasure of the inherited...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

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