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...billion liters) consumed annually, but the rest of the world is catching up fast, and global growth prospects are huge, especially for so-called premium vodkas. "There was no way that an ambitious company like Pernod Ricard could pass up an opportunity to acquire Absolut, even though it has cost them dear," says senior drinks company analyst Jeremy Cunnington of Euromonitor International...

Author: /time Magazine | Title: Stiff Drink | 4/17/2008 | See Source »

...party. I was supposed to use the karat-testing machine, that day's price of gold, a chart in her book and a calculator to give people about 75% of the value of their gold, since 5% was going to the refinery and 10% to cover the cost of the party. I got to keep the rest. This seemed like the most difficult party in the world to run other than the Democrats...

Author: /time Magazine | Title: Joel Stein Sells His Gold | 4/17/2008 | See Source »

...stocks (especially in health care and consumer staples) may have shriveled too far. Real estate may have shrunk as a part of your portfolio too, but because most investors are homeowners, they already have a stake in that game. By all means, stick to your dollar-cost-averaging regimen, whereby market volatility actually boosts returns because you automatically buy while prices are down...

Author: /time Magazine | Title: Surviving Market Mayhem | 4/17/2008 | See Source »

...violinist (Jamie Foxx) living on the streets of Los Angeles in Joe Wright's drama The Soloist. Downey's career feels a lot more than six years removed from 2002, when Woody Allen said he couldn't afford to cast the unstable actor in Melinda and Melinda because it cost too much to insure...

Author: /time Magazine | Title: Robert Downey Jr.: Back from the Brink | 4/16/2008 | See Source »

...likely upshot of banning plastic is an increase in the use of paper bags, which cost more energy to produce and take up more space than plastic. Supposedly, paper is better anyway, because it has a higher recycling rate than plastic—around 20 percent versus a rather dismal one percent. But the comparison is not entirely apt: The country currently uses only 7 billion paper sacks per year, compared to 100 billion plastic bags. And paper has an organic, green image, making its users more likely to be the recycling type. When the average consumer, no more...

Author: By Juliet S. Samuel | Title: Unsustainable Environmentalism | 4/16/2008 | See Source »

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