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...created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared. "People are looking into how we can survive in the future," says Hilmarsson. "Design and fashion have now become a high focus, not only within the sector, but also politically." Indeed, in May of this year, the promotion of design both at home and abroad was incorporated into the agenda of Iceland's new Social Democratic Alliance and the Left-Green Movement coalition government. (See women in fashion...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

...part of the policy shift, Kurt Campbell, the U.S. Assistant Secretary of State for East Asian and Pacific Affairs, visited Burma earlier this month - the first such high-level tour in nearly 15 years. In a significant concession, Campbell was allowed to meet for two hours with the opposition leader and Nobel Peace prize laureate Aung San Suu Kyi. Her party won by a landslide in 1990 elections that the junta then ignored; and her continued detention has angered the West. But not everyone was available to meet Campbell: junta supremo General Than Shwe stayed holed up in his army...

Author: /time Magazine | Title: Why Obama Will Meet with a Leader of Burma's Junta | 11/14/2009 | See Source »

...median of 71% of the population said they have a lot of confidence in Obama to do the right thing in world affairs. Just a year earlier, President George W. Bush had scored just 17% in the same measure. In some parts of Asia, Obama's popularity is particularly high, with 85% of the Japanese public and 81% of the South Korean public expressing confidence in the new American president...

Author: /time Magazine | Title: Obama in Japan: Public Solidarity Masks Tension | 11/14/2009 | See Source »

...give cost cutting real momentum. The tough trading conditions following the Sept. 11 terrorist attacks were, after all, a "catalyst for the success of [the Air France-KLM merger] at the time," says Howard Wheeldon, an aviation expert at brokers BGC Partners in London. (Read "British Airways: High Costs Fuel Record Loss...

Author: /time Magazine | Title: Will the British Airways and Iberia Merger Lift Off? | 11/14/2009 | See Source »

...other words, "If you put one high-fare, loss-making airline together with another high-fare, loss-making airline," Michael O'Leary, head of low-cost rival Ryanair, told Bloomberg, "you will get an airline with higher fares making much bigger losses...

Author: /time Magazine | Title: Will the British Airways and Iberia Merger Lift Off? | 11/14/2009 | See Source »

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