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When Chinese Premier Wen Jiabao's London visit was also disrupted by snow, Britain's international humiliation was complete. Still, say this for Londoners: They can laugh at themselves. "Good thing Hitler's dead," remarked a stock clerk in a supermarket. "He couldn't get us with the Blitz, but the place is so incapacitated now, he'd walk right in." Meeting adversity with a sort of gloomy wit is not a characteristic that always serves Brits well; they sometimes crack jokes when they should be complaining. Yet in this coldest of economic climates, an unquenchable sense of humor...

Author: /time Magazine | Title: The Moment: London | 2/5/2009 | See Source »

...sharply curtail service on most Tube lines, it caused chaos at airports, and it halted London's entire fleet of red buses. As disgruntled commuters were quick to point out, unlike today, buses continued running throughout intensive aerial bombardment during World War II. That comparison resonated with one elderly supermarket stock boy in an affluent London suburb. "A fine country, isn't it?" he observed, as customers loaded up on provisions against the possibility of snow-driven food shortages. "Good thing Hitler's dead. He couldn't get us with the Blitz, but the place is so incapacitated...

Author: /time Magazine | Title: Snow Business Means No Business in London | 2/3/2009 | See Source »

...Gist: Even Barack Obama can't match the Super Bowl's hype. By the eve of "the world's biggest single-day sporting event," even casual fans can recite the betting line, retrace Kurt Warner's journey from an Iowa supermarket to the cusp of the Hall of Fame, or explain why the Steelers' zone-blitz scheme bedevils opponents. St. John's book is not for those casual fans. The veteran sportswriter and Wall Street Journal columnist spent a year covering the foot soldiers who prep the gridiron for glory-and who ensure the event is delivered to an electrified...

Author: /time Magazine | Title: Behind the Scenes at the Super Bowl | 1/29/2009 | See Source »

...head of City's securities arm, who repackaged the bad Cuban debt--and went on in the 1920s to find ever more creative ways to sell securities and lend to the burgeoning middle class. Mitchell, who became president of the bank in 1921, built City into the first financial supermarket. When everything financial turned toxic in the early 1930s, he became the most prominent scapegoat for the disaster. He was the main target of the famous Pecora hearings in Congress, was arrested for--but not convicted of--tax evasion and resigned in disgrace. The Glass-Steagall...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall Act and established Citigroup as the greatest financial supermarket on earth...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

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