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...meantime, British holidaymakers used to vacationing in France or Spain are making plans for breaks closer to home. Outside the Bank of England, which moved to its present central London site in 1734, one oil-industry worker with a fondness for European travel says he'll "just sit tight" until the pound gets stronger again. Behind him, the city's buses shuttle workers home, with posters on their sides trumpeting the latest movie releases: Slumdog Millionaire, Seven Pounds, The Broken. They almost read like signs of the times...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

...country where the media fall under tight government supervision, freelance Web investigations help fill a watchdog role the press usually cannot. Web exposés are "a general phenomenon on the Internet anywhere," says Xiao. "What's new in China is that because of the lack of freedom of information, the lack of free speech for ordinary citizens, 'click-to-kill' is particularly focused on otherwise unaccountable officials. That is unique...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

...loans. But if a company can't reorganize in 210 days, and is forced to cancel its leases, it won't have a place to sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

Laramie, Wyoming was just like any small Western town: a tight-knit community, says its resident limo driver Doc O’Conner (Brian Cass) in “The Laramie Project,” where “everyone knows everybody else’s business.” But the town was shaken to its core when a homosexual student at the University of Wyoming, Matthew Shepard, was found severely beaten nearby. The Harvard-Radcliffe Dramatic Club production, which ran at the Agassiz Theatre this past weekend, details the reactions and thoughts of Laramie’s citizens...

Author: By Marissa A. Glynias, CONTRIBUTING WRITER | Title: Projecting the Evil of 'Laramie' | 1/22/2009 | See Source »

...Obama team, meanwhile, seems to have learned from Bush about dealing with the press. During the campaign, Obama, like Bush, exercised tight message control, limited press availability and disregarded old-media courtship rituals. Incoming press secretary Robert Gibbs pointedly told the New York Times Magazine that Obama never sat down with the Washington Post editorial board. "You could go to Cedar Rapids and Waterloo [Iowa] and understand that people aren't reading the Washington Post...

Author: /time Magazine | Title: In the Obama Era, Will the Media Change Too? | 1/15/2009 | See Source »

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