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...theater has said it does not plan to replace the music director anytime soon. "His decision didn't come as a surprise," says Katerina Novikova, the Bolshoi's chief spokeswoman, echoing statements made by the theater's general director, Anatoly Iksanov, to the Russian press. "The Bolshoi management feels that the years that Mr. Vedernikov was with the company were fruitful, but maybe it is time [to move on]." Five prominent Russian conductors will now pass through the music director's role in Vedernikov's place, though the Bolshoi says he is welcome to come in as a guest conductor...

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

...Just before he found out that the folks who paid him were seeking someone else to do it, BusinessWeek.com's editor in chief John A. Byrne wrote, "What newspapers and magazines are going through right now is a business-model problem, not a readership problem." For Business Week, actually, it's a bit of both: the magazine's total audience declined during the first six months of 2009, according to the latest MRI data, while Fortune's and Forbes' grew. Interestingly, in the same period, its website, with the much touted Business Exchange - a business-news aggregator cum social-networking...

Author: /time Magazine | Title: Business Journalism: A Vanishing Necessity? | 7/20/2009 | See Source »

...pages in a year. This week, a banker valued the magazine at a dollar. "The rapid speed of the switch from print to digital, combined with the extreme severity of the economic downturn, has made it very tough for all weekly magazines," says Stephen Shepard, former editor in chief of Business Week and now dean of City University of New York's journalism school. Of all of them, though, Business Week is in a uniquely precarious position. (See the best magazine covers...

Author: /time Magazine | Title: Business Journalism: A Vanishing Necessity? | 7/20/2009 | See Source »

Economist David Rosenberg, of investment firm Gluskin Sheff & Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a lingering downturn in U.S. consumer spending. "The Canadian dollar's overvaluation is a major impediment to the manufacturing sector," says Rosenberg, former chief economist at Merrill Lynch in New York City, noting that the loonie has overshot its real value by about...

Author: /time Magazine | Title: Just When Canada Thought It Was in Recovery... | 7/20/2009 | See Source »

...Thai government passed legislation to make the industry more transparent and ensure that government revenue from concessions is funneled back into local communities. But a string of unsolved murders on Koh Mak indicates hazardous aspects of the harvesting trade linger. Pradit Jariya, 35, has been administrative chief of the island for a year now. It's quite an achievement, considering the fates of the three subdistrict chiefs before him. Last July, his predecessor was sitting by a lagoon when the M-16-toting occupants of a speedboat pumped into him what one Thai newspaper termed "many tens of bullets...

Author: /time Magazine | Title: Bird Bonanza | 7/20/2009 | See Source »

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