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...course, there's the global financial crisis, which has hit Russia particularly hard. On top of all the economic woes, there's a shrinking population, a military that remains something of a joke and a problem with AIDS. Plus, you still can't (or shouldn't) drink a glass of tap water in central Moscow...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...emotions resonate," says the filmmaker, she intercut interpretive dancers in Korean garb with scenes of barbed wire and chilling landscapes. Playing off kitsch paeans to North Korea's Dear Leader, Heikin adds, "the whole film sort of went operatic." Ominous music in the repetitive manner of Philip Glass underscores, and ultimately overplays, the film's stories. (Read "North Korea: The Coldest...

Author: /time Magazine | Title: Gulag Kingdom | 7/27/2009 | See Source »

...shabby doesn't begin to convey its dilapidation: the walls are a mess of peeling paint, and a cascade of empty boxes partly blocks the entrance to this attic annex of London's Royal Courts of Justice. It's a far cry from the limestone and sandblasted glass interiors of the city's designer shops that are such a magnet to Russia's superrich. Yet here and in a neighboring courtroom, four prominent Russian oligarchs have been indulging in what may turn out to be the most expensive shopping spree of their lives. Never mind haute couture: it's English...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

From now through July 2010, one of Paris' hottest tables will be the sole 12-seater located inside a 24-ton glass-and-steel structure that has been constructed on the roof of the Palais de Tokyo contemporary-arts center, in the 16th arrondissement. The temporary restaurant has been conceived as a UFO-like installation by artist Laurent Grasso, who is famous for his unsettling science-, space- and paranormal-inspired works designed to reinstill mystery in a world that has been stripped of its uncertainties by science - or so Grasso believes. For a dozen lucky diners at a time, however...

Author: /time Magazine | Title: Griddler on the Parisian Roof | 7/23/2009 | See Source »

...What would you want to see change? I would hope that folks in the Obama Administration would somehow link bonuses to long-term corporate productivity or long-term shareholder value - long-term meaning four to five years instead of five months or a year - and reinstate the Glass-Steagall Act [that separated investment and commercial banking]. These are big reforms, but they'd give you a more stable landscape to make even more changes. Part of what I learned is that the very kinds of daily practices that created the boom in the first place - wanting to book as many...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

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