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If the amount of water on the planet can't be changed, the way we use it has to. Water is wasted in rich countries and poor ones, in irrigation and industry, in bottles and pipes. "We're waking up," says Peter Gleick, head of the Pacific Institute, an environmental...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

After the French Revolution, Dom Pérignon's legacy was kept hushed until the 20th century, when it re-emerged as a sensation. In 1936, Doris Duke purchased 100 bottles of the first vintage sold in the U.S.; 68 years later, a case of that vintage sold at auction for...

Author: /time Magazine | Title: On the Bubble | 12/2/2008 | See Source »

For the past several months, luxury businesses have been battening down to cope with a sinking economy. As the consumer pulls back on discretionary spending, luxury executives and retailers are scrambling to redefine themselves. Tiffany & Co. is opening smaller stores. J. Crew has set up shop in a former Tribeca...

Author: /time Magazine | Title: Whither Luxury? | 12/2/2008 | See Source »

He's getting back into it now, despite the constant anxiety over money. He plays for tourists in Old Havana but earns just a few dollars a night. The strings for his instrument are made out of recycled telephone wire; he cuts his guitar picks from shampoo bottles. He is...

Author: /time Magazine | Title: The Sound of Change: Can Music Save Cuba? | 11/26/2008 | See Source »

Nearby, a man repairs a machine that shreds plastic bottles into nickel-size shards. Like most residents of the village, he migrated here from the countryside in the early '90s. "We came to work, because it's better than Henan," he says. Now he isn't so sure, but he...

Author: /time Magazine | Title: In China, Hard Times at the Scrap Heap | 11/20/2008 | See Source »

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