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...contributed to the recent roller-coaster ride of the British pound. After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power. It's still the world's sixth largest economy, but other numbers are not so flattering. Britain's budget deficit - ?178 billion, according to the Treasury - is the largest as a proportion of GDP among G-7 nations. Unemployment stands at 2.46 million, a rate...
...would shortly publish a pastoral letter - a papal guide on how the church in Ireland should respond to charges of pedophilia among priests there. But it's unclear if it will address the church's broader crisis or the charges in Germany that allegedly involve him personally. (See the top 10 religion stories...
...top 10 songs...
Obama's trip will offer a challenge to the new top dog in Asia. China is now a larger trading partner of both Japan and ASEAN than the U.S. is, and the pace of U.S. investment in Southeast Asia has slowed in recent years. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a columnist for the Nation, a Thai newspaper. The rivals for the region's affections are not getting along. In recent weeks, China has attacked Obama for approving arms sales to Taiwan and meeting with the Dalai...
...meanwhile, were busy turning Holder into the poster child for White House weakness on terrorism, and some polls showed that most Americans agreed with them. "The only two people who still believe in civilian trials," says one of the meeting's attendees, "are Holder and the President."(See the top 10 unfortunate political one-liners...