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...expected in May, further fanning investor fears over inflation. Stock markets around the world have cracked sharply lower the past few weeks, with the Dow Jones Industrial Average losing all the ground it had gained so far this year. Japan's stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday's Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy, rose 0.3 percent), the stock...

Author: /time Magazine | Title: Are the Inflation Fears Justified? | 6/14/2006 | See Source »

...hailed in 1993 as a hero for bringing back the collection (dating from 560 to 546 B.C.) from New York's Metropolitan Museum of Art after a lengthy, multimillion-dollar legal battle. Turkish curator Kazim Akbiyikoglu, along with six others, was arrested for stealing the famous Croesus gold brooch (shaped like a seahorse) and several coins and replacing them with well-crafted fakes...

Author: /time Magazine | Title: Were Turkey's Stolen Treasures an Inside Job? | 6/14/2006 | See Source »

...York City carrying a sample of the 47-volume report. He spread the papers on the desk of Times Managing Editor A.M. Rosenthal, whose eyes widened. 'The decision to publish,' said Rosenthal, 'was made almost the moment it came into our hands.' Rosenthal dispatched Assistant Foreign Editor Gerald Gold to Washington, where he set up headquarters with Sheehan ... They were joined by a team of eight or nine Times men and women selected not only for their knowledge of Viet Nam but also their ability to keep a secret." Read more at timearchive.com...

Author: /time Magazine | Title: Letters | 6/12/2006 | See Source »

...properties, mostly to British, but now it is down to 18 to 20 a month," says Francisco Toro, director of Mark-Sol real estate agency in Fuengirola on the Costa del Sol. "When we get a client now, we must cosset him and treat him like gold dust. We have to work harder and spend more money on publicity." The influx of foreign cash has its darker side, too. Arrests earlier this year of 25 people in Marbella - including the mayor, her deputy mayor, two city councillors and the former chief of urban planning - offer a sobering glimpse...

Author: /time Magazine | Title: Can Spain Sustain? | 6/11/2006 | See Source »

...first photos of a famous baby are like Incan gold to paparazzi. What's a star to do? BRAD PITT and ANGELINA JOLIE sold snaps of Shiloh Nouvel for millions and gave the moolah to children's charities. They're not alone. Kevin Federline and Britney Spears took the reported $500,000 they got for the first photos of son Sean Preston and donated it to victims of Hurricane Katrina in Brit's home state, Louisiana...

Author: /time Magazine | Title: People: Jun. 19, 2006 | 6/11/2006 | See Source »

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