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...attending the factory's closing ceremony had other ideas. Florian Kaps, an Austrian entrepreneur and Polaroid enthusiast, and André Bosman, until then the engineering manager of the Enschede plant, met by chance on that fateful day. Together they decided to find a way to bring instant photography back to life. (See "Who We Were: America in Snapshots...

Author: /time Magazine | Title: After Polaroid, Keeping Instant Photography Alive | 7/21/2009 | See Source »

...actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over the Fed - could bring a "perceived loss of monetary policy independence" that "could raise fears about further inflation, leading to higher long-term interest rates and reduced economic and financial stability...

Author: /time Magazine | Title: Bernanke Defends Fed's Actions Before Congress | 7/21/2009 | See Source »

...German firm Müller-BBM, a leader in its field, had been hired at the start of the reconstruction to bring the theater's acoustics back to their former glory. However, in the past few months, as the financial crisis has torn through Russia, Vedernikov learned that the firm's contract had not been renewed. A Russian institute without Müller-BBM's expertise has been brought in to carry out the work instead - a move to which the music director is vigorously opposed. "When I hear [Moscow Mayor Yuri Luzhkov say] that it is very important...

Author: /time Magazine | Title: Bolshoi Blues: Trouble at the Legendary Theater | 7/20/2009 | See Source »

...wondered, of course, whether the sex in the book was based on your own experiences. Oh, no, no. The minute that you bring a unicorn into a story, you know that it's a fairy tale or a fable, because unicorns don't exist as animals. They exist as fantasy creatures...

Author: /time Magazine | Title: Gloria Vanderbilt's Erotic New Novel | 7/20/2009 | See Source »

...Rafsanjani's speech may even have been a smart move as far as his own career is concerned. "Rafsanjani very cleverly positioned himself as a unifying figure, emphasizing the need to bring everyone together," says Parsi. "That was an indirect attack on the Supreme Leader [Ayatullah Ali Khamenei], who has been widely accused of abusing his position by being so partisan in backing the Ahmadinejad faction. When the Supreme Leader is incapable of bringing about unity within the system, then anyone else who is capable of achieving that will strengthen his position relative to the Supreme Leader." (See pictures...

Author: /time Magazine | Title: In Iran, the Opposition Delivers a Sermon | 7/17/2009 | See Source »

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