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...canceled their IPOS as London's FTSE 100 hit its lowest levels since 1997. Buy The Chinese Skies China will lift rules restricting foreigners from owning more than 35% of an airline, although Chinese partners must still hold a majority. China Eastern is already 35% foreign-owned. INDICATORS Designer-Label Food The E.U. Parliament passed requirements to label foods with over .5% genetically modified content. The bill, which requires member-state approval, was denounced by the U.S., where Europe's GM rules already block $300 million in annual exports. Over 1 Billion Served The billionth personal computer was shipped last...

Author: /time Magazine | Title: Is Europe's Air Traffic out of Control? | 7/7/2002 | See Source »

...which in April approved botox injections for wrinkle removal only, has not yet endorsed botox as a treatment for migraines--although doctors are able to administer it to patients "off label." The treatments are neither easy nor cheap. They involve 30 or 40 injections around the head, temple, jaw, neck and shoulders, cost $1,000 or more and wear off after three or four months. Some patients will still prefer less invasive preventive measures, such as getting plenty of sleep and cutting back on red wine, chocolate and aged cheeses...

Author: /time Magazine | Title: How to Prevent a Migraine | 7/1/2002 | See Source »

...against Padilla by the Justice Department are so controversial that Newman will get the help she needs. Experts from the American Civil Liberties Union and the Cato Institute are crying foul over an Administration strategy that puts Padilla at the center of a sobering constitutional question: Can the President label an American citizen an "enemy combatant"--a hostile agent of a foreign foe--order the military to hold him indefinitely and prevent him from seeing his lawyers? That's what President Bush has done. Civil libertarians began speaking out last November, when Bush announced that some terrorists would be tried...

Author: /time Magazine | Title: Uncharted Legal Territory | 6/24/2002 | See Source »

...surrounded by McCartney's famous friends, including Ringo Starr and Eric Clapton, in an Irish castle the couple rented for an estimated $3 million. One convenience that Mills chose not to take advantage of was having McCartney's daughter Stella, a well-regarded designer with her own label, make the wedding dress; instead, Mills sketched the gown herself, fueling rumors that she and Stella are not on chummy terms. Even wealth and fame can't guarantee peace in stepfamilies...

Author: /time Magazine | Title: People: Jun. 24, 2002 | 6/24/2002 | See Source »

...decade-long career, Blass went from being a $25-dollar-a-day design sketcher to a couturier with a licensing empire that put his name on everything from bed linen to perfumes and chocolate, and that was worth $50 million when Blass retired from designing in 1999. His label was taken over by Swedish designer Lars Nilsson in 2001. DIED. JOHN GOTTI, 61, Mafia don and godfather of one of the most powerful crime families in America, of throat cancer; in a prison in Springfield, Missouri. Gotti, who had a proclivity for money and women, was a smooth-talking, scrupulously...

Author: /time Magazine | Title: Person of the Week | 6/17/2002 | See Source »

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