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...What They're Buying In Detroit: The Detroit hatmaker who created Aretha Franklin's Inauguration Day church hat has sold out of the style and says it will be at least a month before he can order more fabric for the chapeau, adorned with Swarovski crystals and an enormous bow. Mr. Song's Millinery has received thousands of orders for the $500 handcrafted hat; the company also offers a similar version...

Author: /time Magazine | Title: The World | 1/29/2009 | See Source »

...While the parades go by, many economists believe that the global economy could fall into an unprecedented financial catastrophe. It cannot be called a depression because the events of the 1930s cannot be repeated. Government institutions and the fabric of world trade have changed too much. So has the composition of the population. Very few people now live on farms and have the opportunity to be self sufficient...

Author: /time Magazine | Title: The Economy: A Portrait Of The 2012 Inauguration | 1/20/2009 | See Source »

...kind of lace used most often in French haute couture. Obama accessorized the look with a sparkling crystal necklace and green leather gloves and shoes. Although the First Lady's office repeatedly said that Obama would not decide on her outfit until this morning, the choice - including the color, fabric and accessories - shows a lot of confidence and planning on the wearer's part. (See pictures of Michelle Obama's Jason Wu dress, her gown for the inauguration ball...

Author: /time Magazine | Title: Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo | 1/20/2009 | See Source »

...Cuban-born Toledo, who has been designing for 25 years and worked for a time at Anne Klein, is known in fashion circles as a "designer's designer" for her wit and whimsical sense of pattern, fit and fabric. The Manhattan-based designer also made the black tunic and palazzo pants that Obama wore to a fundraiser last June. But for her husband's swearing-in ceremony, Obama chose an elegantly sunny yellow, a color that for centuries has represented optimism. (See pictures of the fashion of Michelle Obama...

Author: /time Magazine | Title: Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo | 1/20/2009 | See Source »

...Bush clearly had these examples in mind as he wove an inventory of the familiar American virtues into the fabric of his urgent priorities. "In the 21st century," he said, "security and prosperity at home depend on the expansion of liberty abroad." This was one more formulation of Bush's central philosophy, which he said is threatened by the rise of an isolationist and protectionist mood. "If America does not lead the cause of freedom," he continued, "that cause will...

Author: /time Magazine | Title: Bush's Closing Argument: Was Anybody Listening? | 1/16/2009 | See Source »

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