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...traded in high-priced fashion for quality, durable goods at a lower price, according to a recent report by Bain & Company. As a result, the luxury market is expected to shrink by 10% in 2009, with apparel being hit the hardest. So, when French couturier Christian Lacroix filed for court protection from creditors (similar to Chapter 11 bankruptcy protection in the United States) on May 28, it came as no surprise - especially since the filing was timed to same-store sales comps for May, which for department stores like Neiman Marcus and Saks Fifth Avenue were down a whopping...

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

...zone last month has finally been lifted. On Thursday Colombo announced that the doctors, who were treating patients in areas held by the Liberation Tigers of Tamil Eelam in the final days before those areas were gained by Sri Lankan government forces, are now in government custody and face court action for collaborating with the Tigers...

Author: /time Magazine | Title: Why Doctors from Sri Lanka's Combat Zone May Face Jail | 6/5/2009 | See Source »

...reveal all the details of the confessions [by the doctors], but you will see when they appear in court," Samarasinghe said, indicating that the doctors were likely to retract accusations that government forces were responsible for the shelling. When AP reported the May 12 shelling incident, the government reiterated that government forces had already suspended the use of heavy weapons inside the combat zone three weeks earlier. "There was a lot of publicity that we launched an attack on a hospital. That publicity was given due to the three doctors," Samarasinghe said. "Now they are in the custody...

Author: /time Magazine | Title: Why Doctors from Sri Lanka's Combat Zone May Face Jail | 6/5/2009 | See Source »

...minister did not say when the trial would begin, but he did say law requires the government to produce the doctors in court once a month during their detention. He also said there was legal provision with the constitution allowing the detention to be challenged at the country's Supreme Court...

Author: /time Magazine | Title: Why Doctors from Sri Lanka's Combat Zone May Face Jail | 6/5/2009 | See Source »

Indeed, Shamanov, who led the 58th Army in Chechnya's western sector during the Second Chechen War, was investigated by Russian prosecutors after the European court's ruling - but they concluded that there was no evidence of a crime. Then in December 2008, the Kremlin notified the Council of Europe that it was reviewing the decision. However, it's unlikely that the investigation will yield any new results. (See pictures of Russians in Ossetia...

Author: /time Magazine | Title: Russia Promotes Officer Accused of War Crimes | 6/4/2009 | See Source »

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