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Thieves sometimes try using artworks as collateral for other underworld deals. The masterminds of the 1986 robbery of Russborough House near Dublin, who snatched 18 canvases, tried in vain to trade them for Irish Republican Army members held in British jails. Others demand a ransom from the museum that owns the pictures. Ten years ago, thieves in Frankfurt, Germany, made off with two major canvases by J.M.W. Turner that were on loan from the Tate Gallery in London. The paintings, worth more than $80 million, were recovered in 2002 after the Tate paid more than $5 million to people having...

Author: /time Magazine | Title: Art: Up For Grabs | 9/6/2004 | See Source »

Like his father and grandfather before him, Donal Glennon has worked for Guinness all his life. He started at 16, as a messenger at the landmark St. James's Gate brewery in Dublin, and today, at 51, he's an accomplished brewer. His family ties to the beermaker stretch back nearly a century, to the days when 1 out of every 10 Dubliners either worked for Guinness or was supported by someone who did. The company was a classic paternalistic employer: it built affordable housing for its workers, and provided pensions, health care and education benefits long before they were...

Author: /time Magazine | Title: Can This Stout Keep Its Clout? | 9/5/2004 | See Source »

...Guinness has a secret weapon, though, which gives the company a strong incentive to stay at home: Ireland's 10% corporate tax rate, compared to 34.5% and roughly 38.3% for Guinness's rivals in the Netherlands and Germany. That would make it difficult for Diageo to justify selling its Dublin operations. If Guinness were an acquisition target, "you would never get the price to compensate for that," says Graeme Eadie, an Edinburgh-based beverage analyst at Deutsche Bank. And even if it no longer builds houses, Guinness is still known as a generous employer, providing complete health care for families...

Author: /time Magazine | Title: Can This Stout Keep Its Clout? | 9/5/2004 | See Source »

...days the scientific grapevine had been buzzing with the news that Stephen Hawking, the brilliant physicist whose disease has put him in a wheelchair, heir to the revered Cambridge professorship once held by Isaac Newton, would be making a big announcement at a conference in Dublin, Ireland. Sure enough, last week before an array of TV cameras and hundreds of colleagues at the ordinarily obscure International Conference of General Relativity and Gravitation, Hawking declared that he had solved what he called "a major problem in theoretical physics." Black holes, he said, do not forever annihilate all traces of what falls...

Author: /time Magazine | Title: Hawking Cries Uncle | 8/2/2004 | See Source »

Whether he's right is another question. Many of the scientists present in Dublin last week were skeptical of his solution and said they would need to study it much more carefully before passing judgment. Says Preskill: "The mechanism he has in mind may not be so revolutionary." Nevertheless, Hawking acknowledged that Preskill had been right all along and paid off with the agreed-on prize: an encyclopedia. (The joke is that an encyclopedia, unlike a black hole, yields information easily. Hawking offered one on cricket, but Preskill held out for Total Baseball: The Ultimate Baseball Encyclopedia, which...

Author: /time Magazine | Title: Hawking Cries Uncle | 8/2/2004 | See Source »

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