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...long before Russia planted a metal flag in the sea floor beneath the North Pole last month, Greenland had been eyeing its own potential reserves of oil and gas surrounding the island. Shrimp processing is the biggest contributor to the territory's GDP today, but big oil could offer a much shorter path to self-reliance. In September, Exxon Mobil, Chevron and Denmark's Dong Energy joined the ranks of those who have been looking for oil off Greenland's west coast, and last month the U.S. Geological Survey released an estimate that an area off Greenland's northeast coast...

Author: /time Magazine | Title: Greenland to World: "Keep Out!" | 9/21/2007 | See Source »

...latest I-technology?true power shopping takes place in hushed quarters behind closed doors and outside the purview of the average eye. And so on a recent Thursday at the Neiman Marcus store in downtown Dallas, what might have come across as a pristine but lightly traveled main floor was in fact a bustling $4 billion juggernaut in action, the unseen hum of luxury being served up like nowhere else...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...that would crown their collection. Or the associate might call about the $150,000 Buccellati diamond and 18-karat yellow-gold cuff, which would just match the piece they bought last spring. Across the way in handbags, the season's Chanel bags didn't even make it to the floor. They never do. Long before the stock arrives, associates have matched bag styles to customer tastes and, notifying customers by phone, sold out of the goods...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...takes two craftsmen two days to complete). When the ranks of artisans capable of handweaving intrecciato pieces began to dwindle, the house opened a free school, Scuola della Pelletteria Bottega Veneta, to train future employees. From perfectly blended stripes on a handbag to shoes, bomber jackets and even a floor lamp seamlessly encased in leather, intrecciato shows up in every category of the Bottega Veneta brand. Even the house's 18 karat-gold fine jewelry is painstakingly woven by hand...

Author: /time Magazine | Title: What's in a Weave? | 9/21/2007 | See Source »

...Levin-Reed, which reached the Senate floor Thursday afternoon, is the most carefully engineered measure designed by Democrats to limit the scope of the war. It directs the Secretary of Defense to reduce the number of U.S. combat troops in Iraq and alter the remaining forces' mission to three smaller roles: force protection, training of Iraqi forces and counter-terrorism operations against al-Qaeda...

Author: /time Magazine | Title: The Dems' Best Chance on Iraq? | 9/20/2007 | See Source »

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