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...economy. That's a big impact from a small segment of the population. It's estimated that the top 0.1% of earners in Britain control as much as 4% of the nation's wealth - and over half of them are from somewhere else. According to the latest Forbes list of the world's billionaires, 17 of Britain's 41 billionaires are foreigners. They're drawn to the country in part by a tax break that exempts anyone born outside Britain from paying a 40% income tax on their overseas earnings. Few countries are as generous toward their foreign rich...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...Bush's latest strategy involves trying to contain Iran by arming Sunni counterweights in the region, like Saudi Arabia and other gulf states. Such a strategy is rooted in the cold war mantra that even if a regime was a "son of a bitch," it should be supported as long as it was "our son of a bitch." It doesn't work. Washington supported both Osama bin Laden and Saddam in the 1980s on precisely this logic, but after 9/11, Bush himself acknowledged that coddling the enemies of our enemies had not made them friends; instead it had helped...

Author: /time Magazine | Title: Rethinking Iran | 1/17/2008 | See Source »

...stars, temptation was everywhere. They were beautiful people mixing with others of equal allure. Their job was to sell romance. In what other job did going to work mean kissing? And there was no one to toss a bucket of cold water on their latest mad pash. A few Hollywood couples stayed hitched--Paul Newman and Joanne Woodward, 50 years and counting--but such exemplary marriages had less entertainment value than the connubial career of, say, Elizabeth Taylor, eight times wed and divorced, including two volatile turns with Richard Burton. The melodrama of the actress's life equaled anything...

Author: /time Magazine | Title: Star Pairs | 1/17/2008 | See Source »

...arranged, says Patricia Oberoi, a Delhi-based sociologist. There are 60 million singles ages 20 to 34, and 71% believe arranged marriages are more successful than "love" marriages. But with so many moving to cities or even abroad--up to a third of the population, according to the latest census--the Internet is proving preferable to the services of the village nayan. So-called matrimonial sites first appeared 10 years ago and today make up half the world's matchmaking sites. Like U.S. sites, they offer free viewing but charge about $40 to subscribe for three months. BharatMatrimony, a leading...

Author: /time Magazine | Title: We Just Clicked | 1/17/2008 | See Source »

Celebrity moms want the best for their kids too, and the fact that Shiloh Jolie-Pitt and Suri Cruise turn up in paparazzi photos sporting the latest Lit'l Ernie jeans or Burberry dresses can only boost the trend. The next growth spurt? Get ready for celebrity-designed children's wear to jump into the playpen...

Author: /time Magazine | Title: Downsizing Style | 1/17/2008 | See Source »

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