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Lacroix is not the only fashion house to teeter on the brink. The Antwerp-based designer Veronique Branquinho closed her business last week, blaming the dismal financial situation. Meanwhile, economic pressures are straining relationships inside famous luxury brands. Versace S.p.A. announced on Friday that Giancarlo Di Risio, the house's well-regarded chief executive officer since 2004, will step down. No official reason was given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...casualties occur in developing countries. A stark contrast to the one percent of global emissions attributable to some 50 of the least developed nations ... And the poor lack capacity to make their voices heard in international arenas or attract public and private investment. For those living on the brink of survival, climate change is a very real and dangerous hazard. For many, it is a final step of deprivation...

Author: /time Magazine | Title: The Human Cost of Climate Change | 6/4/2009 | See Source »

There didn’t seem to be a path within the established organizations to make this impact, so I leapt out of the predictable world of banks and community foundations to work with a fledging entrepreneurial youth service organization that was always on the brink of insolvency. In my three and a half years at City Year, we grew from one site to six, from a leaky and cold donated wharf office to a renovated center city space, from an independent privately funded start-up to a member of Americorps, receiving over half of our funds from the federal...

Author: By Judith H. Kidd | Title: The Restart Option | 6/2/2009 | See Source »

...managed to pull out a victory on opponents’ territory,” said Akpan, whose strike in the 102nd minute sent Harvard into the second round.The season ended with a 2-1 loss to No. 8 South Florida, with the Crimson pushing the powerhouse Bulls to the brink. “I thought we were brilliant,” Clark said after the match.Akpan led the team with 10 goals on the season, and was named a semifinalist for the Hermann Trophy, awarded to the top collegiate player. Fucito was a finalist for the Lowe?...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: SEASON RECAP: Harvard Makes Third-Straight Trip to Tournament | 5/30/2009 | See Source »

Meanwhile, people familiar with how Klaus thinks believe that he will give the Lisbon Treaty a last-minute backing. "He will go to the very brink, but he will sign it in the end," says Jan Strasky, a former Czechoslovak premier who has known Klaus for over four decades and once shared an office with him. "He has a control mechanism. He leaves the barricade when it becomes indefensible." In a sign that he may not intend to kill the reform pact outright, Klaus gave up a chance to chair the E.U.'s June summit in Brussels, at which...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

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