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...London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member of Brown's Cabinet, said Labour was "intensely relaxed about people getting filthy rich...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

Obama expects to spend less than 6 hours on the ground, meeting first with the recently reelected Afghan President Hamid Karzai in Kabul, followed by a larger meeting with Karzai's cabinet. Later he will attend a rally with about 2,000 troops at Bagram Air Base, and he plans to visit with wounded soldiers at the base hospital. "We plan to engage president Karzai," said National Security Advisor James Jones, in a briefing during the flight, "to make him understand that in this second term there are things he has to do." Among the issues on the table: government...

Author: /time Magazine | Title: Obama Makes Surprise Visit to Afghanistan | 3/28/2010 | See Source »

Leftists described the election and its result as a referendum on the right's national leadership - a claim difficult for Sarkozy's government to deny, given that 20 Cabinet members (including eight full ministers) who ran in the polls were roundly defeated. "The President of the Republic, the government and its majority must take into account this thrashing defeat and recognize their failure," said 2007 Socialist presidential candidate Ségolène Royal, who triumphed in the Poitou-Charentes region. "The French people have spoken, and I believe they must be heard," echoed Socialist Party leader Martine Aubry. "Hearing...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

...what Rozès calls "the real leadership crisis" on the right - a split between Sarkozy and conservative legislators who have publicly challenged the President's moves over the past year and increasingly see him as ideologically inconsistent. The biggest complaint has been Sarkozy's "opening" policy of extending Cabinet positions and élite administrative appointments to officials on the left. The President says he is trying to take a bipartisan approach, but right-wingers grouse that he is giving opponents spots they want for themselves. Conservatives have also resisted Sarkozy's ecology-minded tax on carbon emissions...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

Sarkozy's initial response was a cosmetic Cabinet reshuffle, shelving of the carbon tax and a promise of more reforms - albeit only those conservatives support. What he didn't do was admit he'd made mistakes and pledge to be more attentive to criticism. He might have...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

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