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Luxury quotient: Sogo and Seibu sales have beaten expectations, with an '04 operating profit of $315 million. Wada plans to redesign Seibu outlets throughout Japan and open a new Sogo store in Osaka. "I want to live in a world where money is not a concern," he says. He won't be finding such a place soon...

Author: /time Magazine | Title: The New Luxury Leaders | 9/14/2004 | See Source »

...independence. In November he hauled L. Paul Bremer, the U.S. proconsul, back to Washington for consultations and set a timetable to restore sovereignty to Iraq, having concluded that the Iraqis would not fall in line behind an American, no matter who he was. Bush knew that Bremer was getting beaten up in the media for the occupation's failings, so when the two went walking outside within sight of the cameras, Bush put his arm around Bremer while photographers took the shot. "Access to power is power in Washington," Bush once told an aide...

Author: /time Magazine | Title: Inside The Mind Of George W. Bush | 9/6/2004 | See Source »

...Sarkozy's announcement was imminent last week, Chirac pre-empted him to leak confirmation after a private meeting between the two men, which was described as "warm" by Elysée officials. They said Chirac fully backed the Sarkozy bid he had sought so long to prevent. "Chirac was beaten, so he's trying to save face by giving the impression he is still master of the game," says a Sarkozy adviser, who mocks any notions that fences have been mended between the rivals: "They hate each other." The Sarkozy camp is hoping Chirac won't want to be made...

Author: /time Magazine | Title: Ready For The Showdown | 9/5/2004 | See Source »

...dead. The storm went on to hit China 's southeastern coast - from where officials had evacuated 1 million people - causing heavy damage but just two fatalities. Mean Streets BRAZIL A series of coordinated attacks in S?o Paulo left six homeless people dead and nine others hospitalized. All 15 were beaten with metal piping as they slept on downtown pavements. Police believe the attacks were carried out by a member of a hate group seeking to rid the streets of unwanted elements. The assaults evoked dark memories of a similar case in Rio de Janeiro in 1993 in which off-duty...

Author: /time Magazine | Title: Worldwatch | 8/29/2004 | See Source »

...thanks to a string of 15 consecutive victories last year. The pair made history on Tuesday by becoming the first U.S. team to win an Olympic gold medal in beach volleyball. They would have been the first to win any medal for the U.S. in the sport but were beaten to that honor by about an hour by teammates Holly McPeak and Elaine Youngs, who won bronze in a tough three-set match against Australians Natalie Cook and Nicole Sanderson. It was a particularly poignant victory for McPeak, who, at 35, is one of the grand dames of the sport...

Author: /time Magazine | Title: A Good Day at the Beach | 8/25/2004 | See Source »

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