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...London's financial-services sector and, by many measures, the City has never been fitter. The U.K. financial sector contributed 3.5% of Britain's gdp in 2005, a leap from 2.4% in 2000. "You can sense growth taking place," Burgess says. The project, he says, represents, in glass and steel, "confidence in London's financial services...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...never would. The laminitis flared back up, and a deep abscess developed in his right hind foot. On Saturday, surgery was performed to place two steel pins in a bone to help ease the weight bearing on his ailing foot. "We said all along if there was a situation where it would become more difficult for him, then it would be time," co-owner Roy Jackson said on Monday...

Author: /time Magazine | Title: Barbaro: Was It All Worth It? | 1/29/2007 | See Source »

...more about aristocratic style than performance. The XKR is the supercharged version of the XK sports car, which was completely redesigned for the 2007 model year. The outgoing edition had scarcely been updated in a decade, and Jaguar overhauled everything from the sheet metal to the transmission. Instead of steel, the new XK is sheathed in high-strength aluminum, forming a shell that's 30% stiffer and 10% lighter. The XKR's V-8 engine got a boost, producing 420 h.p. and 413 lb.-ft. of torque--good for a 0-to-60-m.p.h. time...

Author: /time Magazine | Title: Jaguar's Fastest Cat | 1/26/2007 | See Source »

...were held in late October, South Korean Defense Minister Lee Ki Baek ominously threatened "self-defensive measures." The actual South Korean response was less menacing: a "counterdam" that would be built 12.5 miles south of the North Korean one. Dubbed the Peace Dam, the $690 million wall of steel and cement would be the same size as its northern counterpart and thus would be able to stop any flood from across the DMZ. Its only purpose would be to sit, mutely vigilant, waiting for the Kumgangsan Dam to collapse...

Author: /time Magazine | Title: South Korea: Dam, Double Dam | 1/26/2007 | See Source »

What does Springsteen do with all that money? For one thing, he has a well-developed social conscience. He donated $1.5 million of his earnings from the last tour to such charities as shelters for the homeless, an unemployed-steel-workers' group and food banks. A spokesman for the Vietnam Veterans of America says that the organization might not exist today if it had not been for Springsteen's early, generous and consistent support. Two weeks ago, Springsteen donated an undisclosed sum to a New Jersey food bank to pay for the distribution of free turkeys to the poor...

Author: /time Magazine | Title: The Boss's Thunder Road to Riches | 1/26/2007 | See Source »

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