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...model - and with Indian-like feather headdresses towering above them, the slightest twist of an ankle caused audible gasps in the audience. The clothes were packed with Galliano's notoriously wide-ranging references - from punk to pregnant Kate Moss to Marilyn Monroe (a New York city-sidewalk grate blew air up from below to recreate the Marilyn effect). Before putting pen to sketch pad, Julien Macdonald had a long conversation with Bernard Arnault, chairman of LVMH, and Yves Carcelle, the man in charge of its fashion brands. "We decided it was time to explore new territory," said Carcelle. That meant...

Author: /time Magazine | Title: Haute Couture Evolves | 7/14/2002 | See Source »

...unnerving analogies don?t stop there. The twenties and the combined eighties and nineties blew up huge stock market bubbles around technology - automobiles, radio, aviation, electronic utilities and appliances in the 1920s, and more recently, the Internet, chips, software, bandwidth and biotech. The small top tier of Americans with the large stockholdings are always lopsided beneficiaries, which increases the concentration of wealth and income in the top one percent (especially the top one-tenth of one percent). By 1928-29, the top one percent share of total U.S. wealth (some 40-44%) and income (some 17-19%) maximized at levels...

Author: /time Magazine | Title: Absolute Wealth Corrupts Absolutely | 7/2/2002 | See Source »

...shopping season is under way--with the rich Democrats who write big campaign checks browsing for a candidate to support--and Gore may be a too familiar face in a crowded field. In 2000 he had the party's nomination and its fat-cat donors all to himself--but blew the race. This Friday, Saturday and Sunday the big-money players will be wooed at two competing events: Gore's "donor retreat" at the Peabody Hotel in Memphis, Tenn., and North Carolina Senator John Edwards' gathering of givers on St. Simmons Island, Georgia. And Edwards is holding his retreat...

Author: /time Magazine | Title: Time to Pass the Plate | 7/1/2002 | See Source »

...loved the outdoors, but working for the Forest Service was no picnic. Hernandez says Terry would mark timber for loggers, using spray paint that the wind blew into her face even as trees came crashing down around them. She went on ground patrol, sometimes stumbling over a corpse or a marijuana crop. Hernandez says she and her friend were victims of a sexual-harassment case, which was not settled to their satisfaction. That may have been one reason Barton decided to leave California in 1994. Another reason: to try to save her marriage...

Author: /time Magazine | Title: The Heart Of The Fire | 7/1/2002 | See Source »

...considering that France held the tournament with only half as many arenas. Yet, each co-host was determined to outdo the other, every architectural wonder spurring on its long-standing rivalry. South Korea and Japan spent $2.7 billion and $4.6 billion on infrastructure, respectively. The Korean city of Daegu blew its entire annual budget in the lead-up to the tourney, constructing Korea's largest Cup stadium even though this town, too, has no football club. "It's a nice place, but there's no real reason to ever come back again," says sales clerk Nam Soo Ri, standing...

Author: /time Magazine | Title: The Morning After | 7/1/2002 | See Source »

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