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...string of success stories has transformed a design scene once considered frivolous - back when banking was choice - into one of the few sectors driving Iceland out of its economic quagmire. In September, the Ministry of Industry bestowed its first million-dollar grant to a fashion house, Andersen & Lauth. The company's creative director, Gunnar Hilmarsson, was also recently crowned chairman of the year-and-a-half-old Design Centre. Although it was created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

Since then, e-mail has played an increasingly important role in prosecutions. Unlike wiretaps, e-mails eliminate the problem of entrapment. They are records of what someone was saying voluntarily, on their own. Accounting firm Arthur Andersen was indicted for its role in Enron's financial fraud in part because of an e-mail that told employees to eliminate any unnecessary paperwork. A shredding party ensued. In the Martha Stewart insider-trading case, jurors said one of the more damaging pieces of evidence had to do with the fact that Stewart tried to alter an e-mail that had been...

Author: /time Magazine | Title: The Bear Stearns Verdict: A Blow to E-Mail Prosecutions | 11/12/2009 | See Source »

...story is a hybrid: a loose retelling of Hans Christian Andersen's fable The Little Mermaid crossed with souvenirs from Miyazaki's youth. "We used to have tin toys that would float in the bath," he says, "and I thought it might be good to revitalize some old-fashioned toys like that. So I started thinking of a goldfish." The young fish, named Brunhild, is swimming with her sisters in Miyazaki's sea when she escapes this seeming paradise, floating up to the surface and getting her snout stuck in a jar. A 5-year-old boy on the shore...

Author: /time Magazine | Title: Ponyo: A Hit from the Creator of Spirited Away? | 8/24/2009 | See Source »

...Andersen is the author of Reset: How This Crisis Can Restore Our Values and Renew America, which originated as a TIME cover story...

Author: /time Magazine | Title: The Avenging Amateur | 8/10/2009 | See Source »

...Read Kurt Andersen's RESET blog on TIME.com...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

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