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...Branson, whose consortium includes U.S. billionaire investor Wilbur Ross, hedge fund Toscafund and the First Eastern Investment Group, proposes an injection of $2.69 billion of new cash into Northern Rock, with half of that investment from the consortium. The remainder would be raised through an offer to existing shareholders to buy new shares for 25 pence (52 cents) each?as opposed to a share price that reached 110.1 pence ($2.28) on Monday during turbulent trading. The offered price values Northern Rock at $413 million, which is considerably less than its current market value of $960 million...

Author: /time Magazine | Title: Shareholders Balk at Virgin Bid | 11/26/2007 | See Source »

...Thompson spokesman put it, and the fact that Huckabee raised taxes and increased spending as governor. Thompson has even raised questions about Huckabee's multiple run-ins with the Arkansas Ethics Commission during his 10-year stint as governor over issues ranging from how he paid himself with campaign cash in the early 1990s to his claim in 1998 that some $70,000 in furniture donated to the governor's mansion actually belonged to him and his wife. (Most of the 14 ethics complaints against Huckabee were small-bore, but he did receive five admonitions from the Commission...

Author: /time Magazine | Title: Thompson's (Too) Late Arrival | 11/23/2007 | See Source »

...this family's core are the members of Marjinal, a punk band that has helped over a thousand street kids earn cash by teaching them how to busk. "Music gives these kids a way to survive, to make some kind of living," says Mike, Marjinal's lead singer. "Punk, to me, is addressing the things that are rotten in society. It tells us that we have the ability to be independent and take care of each other...

Author: /time Magazine | Title: Punk's Not Dead | 11/22/2007 | See Source »

...eaten at many exclusive kaiseki restaurants, including the renowned Hyotei and Kikunoi. I speak passable Japanese, and my epicurean husband happily devours everything from poison-blowfish sperm to stewed snapping turtle. Kitcho doesn't take credit cards, so we were prepared to pay $400 to $600 per person in cash. But in Japan--and certainly at Kitcho--protocol and relationships are sacred. You are nobody until someone introduces you properly. For us the magic word came from a friend, the Catalan chef Santi Santamaria, who had been introduced by the director of a well-known Japanese culinary school...

Author: /time Magazine | Title: The Ultimate Meal | 11/21/2007 | See Source »

...number of ongoing inquiries into allegedly illegal party financing during his tenure as mayor. The purported scams involved kickback schemes, bogus job arrangements, and even a spectacular 2000 video confession by a conservative fund-raiser who, before he died, recounted the illegal means by which cash was generated, and recalled delivering a suitcase full of slush money in Chirac's presence. Chirac has denied all such allegations as "lies, calumny, and manipulation," and dismissed the posthumous video confession as "abracadabrantesque...

Author: /time Magazine | Title: France's Chirac Under Investigation | 11/21/2007 | See Source »

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