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Last December at a black-tie industry gala in New York City's famed Plaza Hotel, Ken Lewis strode past other top financial executives to the podium to accept the award for Banker of the Year. The financial industry was crashing, but Lewis looked to be at the top of his game. The CEO told the crowd, "It is incumbent upon all of us, especially those of us whose performance has left us in a strengthened leadership position, to help our industry find a new balance between our desire for economic growth and our need for market stability...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...events in runway gear. Victoria Beckham - who debuted her clothing label at this season's Fashion Week - has paraded around in everything from a tutu to something that made her look like a space robot. Last May, Madonna wore a pair of Louis Vuitton bunny ears to a gala for the Metropolitan Museum of Art's Costume Institute. Yet even at a place called the Costume Institute, the headpiece looked a little ridiculous. "Of course, Madonna did all the Louis Vuitton ads," Morgan points out, "so I guess it was good synergy." That may be, but she still looked like...

Author: /time Magazine | Title: Runway Fashion: Does Anybody Really Wear That? | 9/16/2009 | See Source »

...featuring Marilyn Monroe's sultry serenade, "Happy birthday, Mr. President." The event fueled speculation that the Chief Executive and the Playboy centerfold were having an affair. It also was reportedly the model for the 50th birthday party of another philandering President, Bill Clinton - a Radio City Music Hall gala that raised $10 million for the Democratic Party in 1996. "For obvious reasons, White House officials said, First Lady Hillary Rodham Clinton had something a little different in mind," the Baltimore Sun reported at the time. (See the Top 10 political sex scandals...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

...that's how OBT made it through. The company and community pulled together a one-night gala event, Dance United, which raised the $850,000 that the company was starved for. Now armed with some extra dollars going into the 2009-10 season, Portland's ballerinas may be able to dance away the recession. Artistic director Christopher Stowell called moving forward an "incredible gift...

Author: /time Magazine | Title: Arts Groups in Tough Times Think Locally | 7/24/2009 | See Source »

...proceedings, an unseen metajudge. The winner, as the show's relentlessly cheery hosts Ant and Dec continually pointed out, would not only trouser the $160,000 award but also - and here the duo lowered their voices in awe - perform for the Queen at the Royal Variety Show. The annual gala requires the Queen to sit through a hodgepodge of musical numbers, pasteurized comedy and novelty acts, a torment that might have been secretly devised by republicans to drive the monarch into retirement. Nevertheless, all the contestants dutifully averred that such an opportunity would be the highlight of their existence...

Author: /time Magazine | Title: How Susan Boyle's Loss Could Be Britain's Gain | 5/31/2009 | See Source »

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