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Berlusconi's media empire began with the local TV station for Milano 2, a subdivision Berlusconi built outside of Milan when he was a young construction entrepreneur in the 1960s. A pioneer of private commercial television in Europe, he then sidestepped Italy's antimonopoly laws banning national private television by buying up scores of local stations. With assets spanning Italy's largest publishing company, an ad agency and the AC Milan football team, Berlusconi built up his Fininvest empire to become Italy's richest man. In 1993 he entered politics, declaring his newly launched party to be a "pole...

Author: /time Magazine | Title: How Silvio Berlusconi Uses Women on TV | 11/30/2009 | See Source »

...term Black Friday itself was originally used to describe something else entirely - the Sept. 24, 1864, stock-market panic set off by plunging gold prices. Newspapers in Philadelphia reappropriated the phrase in the late 1960s, using it to describe the rush of crowds at stores. The justification came later, tied to accounting balance sheets where black ink would represent a profit. Many see Black Friday as the day retailers go into the black or show a profit for the first time in a given year. The term stuck and spread, and by the 1990s Black Friday became an unofficial retail...

Author: /time Magazine | Title: Black Friday | 11/27/2009 | See Source »

...Graduated from Punjab University in 1948 and went on to earn economics degrees at Cambridge and Oxford. Served on the faculty at Punjab and the Delhi School of Economics in the 1960s...

Author: /time Magazine | Title: Manmohan Singh, India's Prime Minister | 11/24/2009 | See Source »

...decades. Brits have always been uncomfortable about sex - unless they're laughing at it. This is a nation of dropping trousers, pinging brassieres, guffaws, sniggers and euphemisms for sex like "slap and tickle," an image crystallized in a series of low-budget, high-smut farces filmed mostly in the 1960s and '70s that were known as the Carry Ons after the first two words in every title. Even now, the country is collectively clutching aching sides over the appointment of Belgian Prime Minister Herman Van Rompuy as President of the European Union. It may be a joke that an obscure...

Author: /time Magazine | Title: Sex, Please, We're British: London's Erotica Expo | 11/24/2009 | See Source »

...evil, next to diaries from the Soviet Gulag and Holocaust concentration camps. But when Nien Cheng's harrowing Life and Death in Shanghai was published in 1986, the bamboo curtain was just lifting on the decade of madness that had seized the People's Republic beginning in the mid-1960s. Cheng was an improbable survivor of Chairman Mao's brutal campaign, a porcelain-boned diplomat's wife who spent the precommunist years swathed in silk. Yet as she recalled in her best-selling account, she would learn to "fight, whatever the price...

Author: /time Magazine | Title: Nien Cheng | 11/23/2009 | See Source »

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