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There's also a supply-cycle risk in the industry, which tends to overproduce, often related to the timing of newly planted vines. New plantings generally take three to five years to bear enough fruit to turn a profit, and demand for a particular grape can dry up in that time. Investors are betting that high-end wine is less susceptible to oversupply, primarily because there are only limited areas in the U.S. and Europe where land and climate conditions are right for growing high-quality grapes...

Author: /time Magazine | Title: Fruit of the Vine | 10/18/2007 | See Source »

...collage of Drew Faust’s face on the back. She collects items haphazardly, but balks when she realizes that the clothes weigh more than 20 pounds. Ex-nay on the ironic collage. Hays eventually leaves with an assortment of black clothing and a large white teddy bear. She intends to cut off its feet and use them to elevate the shoulders of the dress. “It’s the idea of ‘metropolis’ being a Greek paradigm—I’m making Grecian-inspired clothing with rigidly structured aspects...

Author: By Diane J. Choi, CRIMSON STAFF WRITER | Title: Alexandra M. Hays '09 | 10/17/2007 | See Source »

...piece is appropriate if you’re traveling and you might get sleepy,” Hays said, explaining the vampiric collar stuffed with teddy-bear fluff topping off her corseted dress. Her piece was deemed “very creative” by Professor McCarty, but Hays was marked off for exceeding the 24 hour limit. Her seven hour tardiness, however, was balanced by her left-over $20. After all, she will have to buy a new teddy bear...

Author: By Nicola C. Perlman and Nicole G. White, CRIMSON STAFF WRITERS | Title: Competition: Metropolitan | 10/17/2007 | See Source »

...Britain playing the role of the Russian bear at the other end of the globe? Not exactly. Six other countries (Argentina, Australia, Chile, France, New Zealand and Norway) have also laid claims to sectors of Antarctica; those of Chile and Argentina overlap with the British claim. (The United States recognizes none of them, but reserves the right to make its own claim down the line.) Each of those seven claims include coastline, and every coast presents an opportunity under Article 76 of the U.N. Convention on the Law of the Sea: If you can prove that the continental shelf extends...

Author: /time Magazine | Title: The British Are Coming — to Antarctica | 10/17/2007 | See Source »

...freer media and better infrastructure, but his increasingly ham-fisted attempts to stay in power have eroded public confidence. A recent survey by the U.S.-based International Republican Institute found that Musharraf's ratings have reached rock bottom. "As the national mood continues to sour, President Musharraf continues to bear the brunt of this voter dissatisfaction and his approval rating has dropped to an all-time low of 21%, from a high of 63% in September 2006," says the report...

Author: /time Magazine | Title: Preparing For Bhutto | 10/17/2007 | See Source »

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