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...many of these fashion conglomerates, success today stems from the ability to generate profits from high-margin businesses like accessories. Permira will certainly focus on that arm of the Valentino business, currently considered vastly underdeveloped. The real test, though, in this new game of private equity ownership in fashion will be how they read the fickle ways of an industry that in 10 years has gone from primarily family-owned labels to global luxury conglomerates. Many observers also feel that star power is necessary to generate sales. While others think that the brand should be the main focus...

Author: /time Magazine | Title: Replacing Valentino | 9/5/2007 | See Source »

Iran's Revolutionary Guard is notorious in the West as the troublemaking arm of the Islamic Republic, accused of supporting Hizballah and other militant groups, destabilizing the Iraqi government, and nurturing a covert nuclear weapons program. Inside Iran itself, however, the image of the Guards is more that of an economic powerhouse, with more influence and assets than even the Tehran bazaar, the institution whose cash has traditionally helped drive the country's politics...

Author: /time Magazine | Title: Iran's Rich Revolutionary Guard | 9/5/2007 | See Source »

...Iraqis are not guys in different uniforms, or women one might woo; they are walking frag bombs, more animal or mineral than human. And when the members of one squad stationed in at a checkpoint in Samarra see their sergeant blown up while sweeping a dump site (his severed arm lands in front of Salazar's camera), they gradually go a little nuts...

Author: /time Magazine | Title: Iraq War Films Focus on Soldiers | 9/1/2007 | See Source »

...part by real-time readings of electrical activity that the probe encounters as it passes different neural structures, surgeons aim for the subthalamic nucleus (STN), an olive-size clump of tissue deep in the basal ganglia that helps govern motor control. For much of the morning, Stipp's right arm has been shaking violently enough to rock the table...

Author: /time Magazine | Title: Rewiring the Brain | 8/30/2007 | See Source »

...various times in American history, public service and private effort went arm in arm. After Pearl Harbor, Rosie the Riveter and Uncle Sam exhorted people to help the war effort, and Americans responded. But since F.D.R., and especially since J.F.K.'s launching of the Peace Corps, national service has been seen by some as a Democratic or liberal idea. In the '90s, Newt Gingrich argued that the rise of big government programs robbed people of their initiative to volunteer. After Bill Clinton signed the bill to create AmeriCorps in 1993, then Senator John Ashcroft called it "welfare for the well...

Author: /time Magazine | Title: A Time To Serve | 8/30/2007 | See Source »

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