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...problem anywhere close to the scale of the 1978 crisis (which forced health officials to consider mass burials at sea). But Britain's undertakers have offered a corporeal reminder of how financial crises can infringe in intimate ways. "We are the forth richest country in the world," MP Kawczynski says. "The idea that you would have to wait two months to bury someone close to you is despicable...

Author: /time Magazine | Title: Corpses Pile Up Amid Britain's Financial Crisis | 10/20/2008 | See Source »

...House of Commons committee after newspapers reported that the Icelandic Deposit and Investors Guarantee Fund had insufficient resources to cover its potential liabilities. "Are you satisfied, Minister, that British investors in Icelandic banks are fully guaranteed in the event of a bank collapse, then?" wondered Michael Fallon, the Conservative MP who chairs the committee. "I am satisfied that the law exists to guarantee them, yes," replied Ussher. Fallon persisted: "You are satisfied that the law exists to guarantee them?" "Yes," Ussher replied, "under a combination of European and British law." "So they will get all their money back?" Fallon asked...

Author: /time Magazine | Title: Iceland: Britain's Credit Crunch Scapegoat | 10/10/2008 | See Source »

...Stephen Pound, the Labour MP from Ealing North, will advocate caliginosity (dimness, darkness) on the floor of Parliament. "I shall be drawing the Prime Minister's attention in a fairly obscure and abstruse way to the word: 'Amid the global fiscal turmoil, we sought illumination but found only caliginosity.' " The exercise has already influenced Pound's speech: in the course of a 12-min. interview, he used the word 15 times...

Author: /time Magazine | Title: Hangman, Spare That Word: The English Purge Their Language | 10/3/2008 | See Source »

...Many Tories weren't so circumspect. Some wore pins and badges and T-shirts declaring their allegiance. Eleanor Laing, a Tory MP, appeared as the theoretically impartial chair of a debate about the U.S. elections sporting a sequined jacket decorated with stars-and-stripes and G.O.P. elephants. Talk at the many social events around the conference was dominated by the contest. "I rather like Sarah Palin," confessed one immaculately coiffed Conservative dame, as she waited in the powder room queue. "How can you say that?" interjected her neighbor. "That Palin woman is simply terrifying...

Author: /time Magazine | Title: Washington Antics Dismay Britain's Conservatives | 10/1/2008 | See Source »

...That message unsettles Tories. Their leader turns 42 on Oct. 9 and has only ever served as an opposition MP. "To do difficult things for the long term, or even to get us through the financial crisis in the short term, what matters more than experience is character and judgment," Cameron told delegates in his closing address to the conference. "I believe that to rebuild our economy, it's not going to take more of the same, it's going to take change ... Experience is the excuse of the incumbent over the ages. Experience is what they always say when...

Author: /time Magazine | Title: Washington Antics Dismay Britain's Conservatives | 10/1/2008 | See Source »

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