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...later joined the business, opening more shops in Paris, London and New York City. (One brother famously traded a string of rare pearls and $100 for a mansion on Manhattan's Fifth Avenue.) No order was too extravagant: Cartier created 27 tiaras for people attending the coronation of King Edward VII in 1902. King Farouk of Egypt had solid-gold toothpicks specially made, the family of King Edward VII ordered jeweled can openers, and W.K. Vanderbilt requested 18-karat-gold yo-yos. Mrs. Cornelius Vanderbilt filled a cake with Cartier jewels as a birthday gift for the Prince of Wales...

Author: /time Magazine | Title: Rock Star | 9/14/2004 | See Source »

Price wars are nearly unheard of in the mutual-fund industry, but last week Fidelity Investments, run by Edward C. (Ned) Johnson III, right, cut expenses on five of its index mutual funds. The move, which follows other fee cuts, like the elimination of many funds' sales charges, was a direct swipe at index-fund leader Vanguard Group and a nod to the increasing popularity of exchange-traded funds--low-cost baskets of stock that track particular indexes and trade on stock exchanges. Expenses on the five funds, which are pegged to such benchmarks...

Author: /time Magazine | Title: Money: Fido Goes Cheapo | 9/13/2004 | See Source »

...least in closed session, an official said. Also during last week?s Senate hearings on intelligence reform, Defense Secretary Donald Rumsfeld - who had strenuously opposed Scowcroft?s recommendations, which would strip key intelligence agencies and their multi-billion dollar budgets out of the Pentagon - acknowledged when pressed by Senator Edward Kennedy that he?d been briefed on the Scowcroft report and could think of no reason why it remains classified. The White House declined several opportunities to comment this week, and a Scowcroft aide said he was traveling and could not be reached...

Author: /time Magazine | Title: Reforming Intelligence: A Forgotten Report | 8/21/2004 | See Source »

...father, Charles Edward Adams, was a noted New York burgher. He was chairman of the U.S. Industrial Alcohol Co., which produced acetone and ethanol from the fermentation of molasses, and which, possibly before Charles joined the firm, was tainted by an incident called the Great Molasses Flood of 1919. In January of that year, according to one vivid report, a ?a storage tank holding 2.5 million gallons of molasses exploded, creating a 15-foot tidal wave of sweetness that rushed at 35 mph through downtown Boston, leaving everything brown and sticky like a Mexican restaurant men?s room.... The Great...

Author: /time Magazine | Title: Three Reasons to Love New York — Part III | 8/13/2004 | See Source »

...certifies specialists, who have to pass exams on how to handle monetary issues related to divorce, according to its president, Fadi Baradihi. The institute's membership of 1,500 is growing about 20% annually. "In divorce, one party may try to hide income from a spouse," says divorce expert Edward DeGennaro, based in Greenvale, N.Y. "We are trained to look out for this and help our client get his or her fair share of assets...

Author: /time Magazine | Title: Investing: Coming to The Rescue | 8/9/2004 | See Source »

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