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...That's not the end to London's advantages. Not only does London have a "deep pool of talent," says William J. Mills, ceo of Citigroup's Corporate and Investment Banking division for Europe, the Middle East and Africa. But compared with its Continental rivals, it offers "the most flexible labor laws." While the number of financial-sector staff in London rose 4.3% to 318,000 between 2002 and 2005, tough U.S. immigration rules applying to foreign talent helped New York's head count slide by 0.7% over the same period, according to a report published late last month...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...Keating, a four-star admiral who ran the Navy's operations during the start of the Iraq war, is currently the top-ranking officer at Northern Command, which is responsible for defending the United States and was the primary military command that responded to Hurricane Katrina. He replaces Admiral William Fallon, who is expected to take over at Central Command (responsible for the Middle East) shortly after his confirmation hearing on Captiol Hill today...

Author: /time Magazine | Title: Too Much Status Quo at the Pentagon? | 1/30/2007 | See Source »

...pushed into abrupt firings or show signs of yielding to pressure. He answered with a testy no! to reporters who repeatedly asked him whether he planned to jettison Chief of Staff Donald Regan, and an aide insisted that the President had no plans to sack CIA Director William Casey. But it is now quite probable that both men will be departing from their posts within the next month...

Author: /time Magazine | Title: Under Heavy Fire | 1/26/2007 | See Source »

...decision to seek a special prosecutor came only ten days after Meese says he uncovered evidence of possible wrongdoing. Nevertheless, Meese has been criticized for his handling of the investigation in the early stages. At first he spurned an offer from FBI Chief William Webster to provide bureau help. Instead he formed his own squad of three aides to help with the inquiry and waited five days before finally calling in the FBI. In failing to secure North's files, Meese may have given the former NSC official the opportunity to destroy important documents. Said a Justice Department official...

Author: /time Magazine | Title: Under Heavy Fire | 1/26/2007 | See Source »

...seaminess surrounds the trial of pig farmer Robert William Pickton, charged with murdering 26 drug-addicted prostitutes. The trial, which an earlier judge warned would be "as bad as a horror movie," began Jan. 22 and is expected to last a year. A jury will hear evidence on the first six charges of murder. (The remaining 20 charges will be brought to court after the first six.) Prosecutor Derrill Prevett described in his opening statement how police searching Pickton's ramshackle suburban pig farm about 15 miles east of Vancouver in 2002 found two women's heads in a freezer...

Author: /time Magazine | Title: The Case of the Serial Killer | 1/26/2007 | See Source »

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