Word: timing
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Grainge's plans for his new position remain somewhat of a mystery. His approach emphasizes artist relations at a time when other companies would rather talk about formulating an effective digital-distribution strategy to combat music piracy. It's not that Grainge doesn't care about this issue - indeed, he wants the U.S. to become tougher on piracy. He says, however, that there is "no platinum-tipped magic bullet" to solve the problem. One thing that will help: forming a coalition of music, film and publishing companies to lobby both Congress and Internet service providers to enact tougher sanctions against...
...TIME's Pictures of the Week...
...similar strategy for managing a growing mountain of debt on this side of the Atlantic might work, with Washington increasing the top tax rate, say, from 35% to 45%. At the same time, rates could be increased by a smaller amount in lower brackets...
There's pressure on sterling from all sides. The currency fell below $1.50 for the first time in 10 months on Monday after an opinion poll published in a British newspaper suggested that none of the parties contesting the country's upcoming general election would emerge with overall control. A so-called hung parliament, investors deduced, would not likely result in a clear plan to tackle the country's dreadful public finances. (See pictures of the financial crisis in London...
...TIME's Pictures of the Week...