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...crisis will last. It's a structural one. Nobody will get out safe and sound." The wine glut's impact is worldwide. In California, big grape growers and some wineries have gone into bankruptcy, including the Legacy Estate Group that owned prestigious brands such as Arrowood, Byron and Freemark Abbey. (The group was sold last month to a rival producer, Kendall-Jackson.) In South Africa, grape prices have dropped about 30% over the past two years, prompting a hunt by producers for new markets. In the Friuli region of Northern Italy, which specializes in Pinot Grigio and other whites, winemakers...

Author: /time Magazine | Title: Too Much Of A Good Thing | 10/19/2006 | See Source »

...wine glut's impact is worldwide. In California some wineries have gone bankrupt, including the Legacy Estate Group that owned prestigious brands, including Arrowood, Byron and Freemark Abbey. (The group was sold last month to Kendall-Jackson.) In South Africa grape prices have dropped about 30% this year, prompting a hunt by producers for new markets. In the Friuli region of northern Italy, which specializes in Pinot Grigio and other whites, winemakers' cellars are filling with unsold bottles...

Author: /time Magazine | Title: The Big Spill | 10/16/2006 | See Source »

...when Beatlemania breaks loose in the early '60s. Guys in leather jackets and girls in plaid jumpers cavort around a Volkswagen car (a Beetle, what else?). The Fab Four, caged by their superstardom, are seen in silhouette, trying to escape from spotlight bubbles; then they walk off, duplicating the Abbey Road cover amble - cute. Love follows the Beatles through their phases: psychedelic ("Strawberry Fields"), Hindu-mystical ("Within You, Without You") and political ("Revolution," with images of protests, then the letters in Peace and Love literally disintegrating...

Author: /time Magazine | Title: The Beatles Come Together | 6/30/2006 | See Source »

...Gecina made it the largest publicly traded real estate developer in Europe, and the country's biggest banks are reaching out, too. "We haven't seen the end of the expansion of Spanish banks into the rest of Europe," says Herce, citing the Santander Group's 2004 purchase of Abbey National and Banco Bilbao Vizcaya Argentaria's continued search for acquisitions. "They've learned how to collateralize loans, as well as the ins and outs of personal retail banking, and they've gotten very good at it." But what's good for developers and bankers isn't necessarily good...

Author: /time Magazine | Title: Can Spain Sustain? | 6/11/2006 | See Source »

...that have been sentenced and put away for stealing millions from Enron, WorldCom, and other corporations. Great authors make allusions. Ms. Austen did not lift the very language of Anne Radcliffe’s “Mysteries of Udolpho” to write her “Northanger Abbey.” She made allusions to that text and to its gothic conventions. Shakespeare’s texts play with ancient myth and the works of Ovid, but Shakespeare took those ideas and constructions much further. It takes knowledge to allude, and invention to create, but it takes...

Author: By Patrick Louis, CONTRIBUTING WRITER | Title: Writers Allude, Wheras Plagiarists Copy | 5/8/2006 | See Source »

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