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...there is a serious, ambitious politician fighting to get out." The London election this May will pit Johnson against another colorful maverick, the incumbent Ken Livingstone, a wily and resilient left-winger who has introduced tolls for cars entering central London and is promising to boost the capital's stock of affordable housing. Johnson has not yet revealed a detailed manifesto but speaks of increased "financial rigor" and an admiration for the education policies of New York City mayor Michael Bloomberg. He sums up his political philosophy in a pithy phrase, "Less bossiness, more incentives," explaining "I'm a libertarian...

Author: /time Magazine | Title: The Clown Prince | 1/3/2008 | See Source »

...speechwriters, there are three stock rhetorical approaches: declare victory (even if you didn't win); declare viability (and the desire to fight another day), or decide that the results didn't matter (and that the cause continues...

Author: /time Magazine | Title: What to Say the Day After | 1/3/2008 | See Source »

...populism of John Kerry. By tradition and ideology, the Grand Old Party has long avoided directly addressing America's deepening gulf in opportunity and income. For years, the conservative vision has held that all citizens, even the short order cook or the assembly line worker, benefit from a rising stock market and a falling estate...

Author: /time Magazine | Title: How Will Huckabee's Populism Play? | 12/26/2007 | See Source »

...similarly unlikely rescuer. The Abu Dhabi Investment Authority, a $625 billion sovereign wealth fund (SWF) run by the tiny Persian Gulf emirate, announced it was forking over $7.6 billion for a 4.9% stake in Citi. Though Citi still faces difficulties, the cash infusion helped stabilize its plunging stock price and signaled to rattled markets that money was available to help subprime victims survive the turmoil...

Author: /time Magazine | Title: Governments Get a SWF Financial Kick | 12/20/2007 | See Source »

...candidate who the latest polls say is set for an easy victory. Lee's camp responded by saying their candidate had "exaggerated" his involvement with the company in the video, and reiterated that Lee did not found BBK. But despite renewed questions over his possible involvement in the stock scandal, most observers believe a Lee victory is still all but certain. With outgoing President Roh Moo Hyun deeply unpopular because of his perceived failures to create more job opportunities or to combat rising housing prices, Korea's electorate seems more eager for a leader who can revive the economy than...

Author: /time Magazine | Title: Probe Roils South Korea Election | 12/18/2007 | See Source »

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