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...teams often "swarm all over our embassies and reduce local protocol to rubble." In this case the ghoulish exercise of selecting a death camp for Reagan to visit appalled many Germans. White House aides would not explain just why Bergen-Belsen was finally chosen. It is conveniently close to Frankfurt, its park-like setting is photogenic, and, since the camp was burned to the ground in 1945, there is little to remind visitors of its gruesome past except a monument...

Author: /time Magazine | Title: V-E Day: A Misbegotten Trip Opens Old Wounds | 4/12/2005 | See Source »

...David Salle, the painter whose voyeuristic conjunctions and overlays of imagery from all over had made him another brand name in Boone's stable. But only Schnabel has actually launched a plausible career for himself as a director. Although he still exhibits art and had a large retrospective in Frankfurt last year, his next movie project is likely to overshadow anything he has done lately for a gallery. His adaptation of The Diving Bell and the Butterfly, the memoir of a French magazine editor left paralyzed by a stroke, is scheduled to star Johnny Depp...

Author: /time Magazine | Title: How Does '80s Art Look Now? | 3/28/2005 | See Source »

...that policy this year, putting Bank of Italy governor Antonio Fazio on the defensive. The attraction for foreigners: Italy's banking sector is highly fragmented and not very competitive, according to Credit Suisse First Boston, meaning that greater efficiencies - and profits - can be wrung out of them. Lucky Break? Frankfurt prosecutors called off a probe into six Citigroup traders accused of manipulating the European government bond market last August, although a change to Germany's law made since could now make such trades illegal. Financial watchdogs elsewhere in Europe are still investigating...

Author: /time Magazine | Title: Bizwatch | 3/27/2005 | See Source »

...today Giovanni Angelini, 60, has a different European adventure on his mind. As CEO of Shangri-La Hotels and Resorts, a group of 46 luxury properties in Asia, he is finally returning to the continent of his youth, with plans for a London hotel in 2009. Next stops: Paris, Frankfurt, New York City, San Francisco, Los Angeles and Boston. He aims to capitalize on the some 2.5 million Chinese tourists who travel abroad each year. Angelini spent a decade looking for the right London site, one that made financial sense, he says: "I don't want to go over there...

Author: /time Magazine | Title: World Beaters | 3/21/2005 | See Source »

...today Giovanni Angelini, 60, has a different European adventure on his mind. As CEO of Shangri-La Hotels and Resorts, a group of 46 luxury properties in Asia, he is finally returning to the continent of his youth, with plans for a London hotel in 2009. Next stops: Paris, Frankfurt, New York City, San Francisco, Los Angeles and Boston. He aims to capitalize on the some 2.5 million Chinese tourists who travel abroad each year. Angelini spent a decade looking for the right London site, one that made financial sense, he says: "I don't want to go over there...

Author: /time Magazine | Title: People to Watch in International Business | 3/20/2005 | See Source »

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