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...House of Lords as Baron Mandelson of Foy and Hartlepool to serve as Business Secretary. Sharing top billing is George Osborne, the Conservative Party's azure-blooded Shadow Chancellor, a cherub-cheeked 37-year-old son of a Baronet. Their interactions with each other and with Nathaniel Rothschild, scion of the eponymous banking dynasty, and Rothschild's friend and business associate Oleg Deripaska, a reclusive oligarch routinely described as Russia's wealthiest man, took place aboard Deripaska's super-yacht and in other opulent Adriatic locations over a long weekend in August. Throw in cameo appearances by Rupert Murdoch...

Author: /time Magazine | Title: Corfugate Scandal Cheers Gloomy Britons | 10/24/2008 | See Source »

...Osborne, born to affluence that might have been expected to inoculate him against the glint of gold, hardly seems immune himself. Five weeks before his speech to the Conservative conference, he had enjoyed the hospitality of Rothschild, an old university chum, in Corfu and attended, with Mandelson and a heady mix of the powerful and the outrageously loaded, Elisabeth Murdoch's 40th birthday dinner on the island. That's exactly the sort of high life former Prime Minister Tony Blair notoriously enjoyed during his tenure in Downing Street. Blair's vacations with well-heeled new best friends, from Italian media...

Author: /time Magazine | Title: Corfugate Scandal Cheers Gloomy Britons | 10/24/2008 | See Source »

...leak also awakened interest in Mandelson's dealings with Deripaska, a controversial figure whose multi-entry visa to the U.S. was revoked by the State Department in 2006. Mandelson and Deripaska have known each other for several years. Although invited to Corfu by his close friend Rothschild, Mandelson stayed on the oligarch's yacht because Rothschild's villa was full. In his E.U. post, Mandelson was theoretically in a position to assist the Russian's business interests. He angrily denied any impropriety in an interview with the BBC. "There has been innuendo in the newspapers that I gave favors...

Author: /time Magazine | Title: Corfugate Scandal Cheers Gloomy Britons | 10/24/2008 | See Source »

Considered the ultimate boy's toy, the Ferrari represents the pinnacle of success, for those willing to pay the price. It has been a collector's item for wealthy Italians like Gianni Agnelli and Roberto Rossellini and European royalty such as Baron de Rothschild and the Aga Khan. After Hollywood gave it a starring role in The Thomas Crown Affair in 1968, a legion of iconic owners, including Dean Martin, Elvis Presley and Steve McQueen, followed...

Author: /time Magazine | Title: Italian Stallion | 10/6/2008 | See Source »

...rescue the Wall Street bailout negotiations, although he didn't seem to suspend much except for an interview with an irate David Letterman, and he didn't fly back to Washington until he had finished a political meeting with the bepearled former Hillary Clinton supporter Lynn Forester de Rothschild and a bunch of network interviews and a speech to the Clinton Global Initiative in New York City on Thursday, which, as astute political observers noted, was the day after Wednesday. What's more, the Wall Street bailout negotiations seemed to be progressing pretty well without him; Democratic leaders...

Author: /time Magazine | Title: Oh, the Drama! McCain in the Theater of the Absurd | 9/27/2008 | See Source »

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