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Federico's greatest achievement was the construction of the Palazzo Ducale. Today, the palace looms over Urbino much as it did then, like a giant yellow-brick wedding cake, but what's notable is what's missing. Every contemporaneous castle...

Author: /time Magazine | Title: Global Life: A Tribute to Art | 10/9/2005 | See Source »

...goal is for Italian banks to be at the service of Italian businesses. In practice, this has meant keeping foreign firms out. It's a shortsighted view and dangerous: some blame the insulated Italian banking industry for the $9.6 billion Parmalat scandal of 2003, as the mega-leveraged dairy giant was able to create new debt wherever it turned...

Author: /time Magazine | Title: Can You Bank on Italy? | 10/9/2005 | See Source »

...story says a lot about what Icahn's latest target, media giant Time Warner (which publishes TIME), is up against as the renowned Wall Street maverick pushes the company to boost its stock price, stalled at about $18. Icahn's prescription is strong (and expensive) medicine: a $20 billion stock buyback and the spin-off of its vast cable operations. Icahn, the Princeton University philosophy major from Queens, N.Y., who staked his earliest ventures with money he won playing poker in the Army, loves taking on the big boys. He won't be bluffed--and he often wins...

Author: /time Magazine | Title: Turning Up the Heat | 10/3/2005 | See Source »

...creature that can grow up to 13 m, with tentacles as long as a city bus and eyeballs the size of a human head shouldn't be that hard to find. But scientists have never caught a glimpse of a live giant squid in the wild. The cephalopod's reign as the Greta Garbo of the undersea world, however, is over: last week two Japanese scientists?Tsunemi Kubodera and Kyoichi Mori?published the first photographs of a giant squid in action, captured by a robotic camera 900 m below the surface of the Pacific Ocean. For obsessive squid hunters...

Author: /time Magazine | Title: Catch of the Century | 10/3/2005 | See Source »

...fact, sperm whales are the main predators of giant squid, and the Japanese found the squid by following the whales off the Ogasawara islands, about 1,000 km south of Tokyo. Starting in 2002, the team searched for squid in the area for around two weeks every year, lowering into the waters a digital camera and weighted hooks baited with common squid and mashed shrimp. Depth mattered: the giant squid were believed to live about 1,000 m down. "At that point, our squid-watching turned unmistakably into squid-hunting," says Kubodera. No squid took the bait until Sept...

Author: /time Magazine | Title: Catch of the Century | 10/3/2005 | See Source »

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