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...Northern Rock, nationalized early last year after a run on its deposits in 2007, slumped to a pretax loss of $1.2 billion in the first half, far worse than the $984 million shortfall recorded in the same period of 2008. A stellar six months at the investment-banking unit of London-based HSBC, meanwhile, helped prop up its falling profits. Income across Europe's largest bank fell to $5 billion, half the level hit a year earlier. At Barclays, the U.K.'s second-biggest lender, profits rose 8%, to $5 billion. (See pictures of London's financial crisis...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...first assisted under head coach Ted Donato ’91 from 2004-2007. During this time, Jay worked closely with the Crimson’s special teams unit. Under his leadership, Harvard’s power play was among the nation’s best, with the 2005-06 and 2006-07 squads killing penalties at 85.2 percent and 80.8 percent, respectively...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: Jay Back In Assistant's Role After Two-Year Hiatus | 8/3/2009 | See Source »

...fitting that as I was writing my previous book, an historical novel called Heyday published in 2007, I turned 50. Once your life has lasted a full historical unit of time - half a century! - and assuming you've been paying reasonably close attention, "history" becomes less of a bookish abstraction about treaties and battles and bills and dates, and begins to acquire a more palpable reality. Around age 50, I started to feel, in ways I really hadn't when I was younger, as if I could see and feel the rhythms of history. The year of my birth...

Author: /time Magazine | Title: Is China the New Us? Or Are We? | 8/3/2009 | See Source »

...lack of coordination between the military and diplomatic corps and the absence of a clearly defined mission. The report says Britain's goal of fighting terrorists has been diluted by the competing aims of counterinsurgency, counternarcotics, protection of human rights and state-building. (See pictures of a British unit in Afghanistan...

Author: /time Magazine | Title: Britain's Soul-Searching Over Its Role in Afghanistan | 8/3/2009 | See Source »

...scanners are a boon to police work, having an impact that is as significant as that of the police radio in the 1950s. "They truly are a force multiplier," says Sergeant Dan Gomez, the officer in charge of the Los Angeles Police Department's Tactical Technology Unit. In a typical 10-hour shift, Gomez says, a police officer traditionally could run perhaps 100 license plates through the system - calling the information in or typing into a computer, then waiting for a response. In comparison, says Gomez, the APLR system can process from 2,000 to 2,500 license plate "hits...

Author: /time Magazine | Title: License-Plate Scanners: Fighting Crime or Invading Privacy? | 7/30/2009 | See Source »

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