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...Paris Investment Agency, looks at what's happening in world financial markets and says, "The economy of Paris will resist the shock better than London. We're more diversified." And in Brussels, at the European Trade Union Institute, economist Andrew Watt draws some uncomfortable historical parallels. "There was some idea that the financial sector was immune," he says. "It's like pinning your hopes on anything, whether it's textiles in the north of England or the car industry around Birmingham. It expands for a while, and then it takes a nasty knock...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...were willing to stay in a less-than-perfect relationship become less willing once the credit cards are taken away," he says. But recently some lawyers have noticed that as stock prices have plunged, they've gotten inquiries from business owners and investors looking to unhitch now, with the idea that being poorer on paper will work to their advantage when dividing assets...

Author: /time Magazine | Title: Will the Market Kill Your Marriage? | 10/23/2008 | See Source »

...years ago, when Khaled Samawi opened Ayyam Gallery, Damascus' first major showcase for contemporary Syrian art, the city's artistic community "accused me of exporting Syrian culture," he says. "There was still this romantic idea that artists have to be poor." Not anymore: prices have risen as much as 1,000%, and top works can command up to $200,000. Ayyam Gallery is expanding to Dubai and Beirut and has an exhibition in New York City. Many buyers aren't megarich Saudi oil princes but wealthy Syrians with newfound avant-garde tastes and an eagerness to promote their culture. "People...

Author: /time Magazine | Title: Postcard from Damascus | 10/23/2008 | See Source »

...from what Derek White and Michael Keane imagined when they started digging up the addresses of repossessed houses to sell to Santa Barbara, Calif., real estate agents back in 1996. The idea came from White, an agent who knew the value of listing leads; the methodology, from Keane, a computer programmer, who wanted to use a new thing called the Internet. In 2000, James Saccacio, a onetime corporate banker who had been doing turnaround work, took over as CEO. "What intrigued me about the business were the natural barriers to entry," he says. "I asked people, Could someone do this...

Author: /time Magazine | Title: House Hunters | 10/23/2008 | See Source »

...receive regular traffic year-round. Others, like the one from Impact Community Church in Elk Grove, Calif., draw visitors with specific sermon topics. Barry Smith, senior pastor at Impact, started an online confession board last spring to enhance his four-week sermon series on the theme of secrets. The idea, says Smith, "was not so much theological as psychological"--a way to aid people carrying the shame of long-held secrets. For at least two of his congregants, the effort was transformative. A former prison guard--let's call him Jack--had been unfaithful to his wife and says...

Author: /time Magazine | Title: When Confession Takes Place Online | 10/23/2008 | See Source »

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