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...first A-list recording artist to leave a traditional label for a truck full of Live Nation cash. Madonna announced a 10 year, roughly $120 million deal in 2007, while U2 revealed a 12 year touring and merchandising partnership earlier this week. Still, luring Jay-Z is a major coup for the publicly traded Live Nation. He is not only one of the world's top-selling rappers and concert draws, he's a former record company president. "If the [ex] president of Def Jam decides it's time to get off the sinking ship," says a producer...

Author: /time Magazine | Title: Jay-Z: Music's $150 Million Man | 4/3/2008 | See Source »

...Live Nation is expected to furnish Jay-Z, born Shawn Carter, with $5 million in seed money annually for his own label, publishing arm and management company, with significantly more funds available for future acquisitions and expansion. He will also receive a $25 million upfront payment and $10 million per album for a minimum of three albums over the next decade...

Author: /time Magazine | Title: Jay-Z: Music's $150 Million Man | 4/3/2008 | See Source »

...says the Mezzogiorno has discerned "a tacit convenience to underdevelopment." Elected officials campaign on their ability to keep public resources flowing in - Calabria alone gets $95 million a year to fund the socially useful jobs program - and claim victory when their area continues to be classified as backward. That label qualifies the Mezzogiorno for $4.2 billion in European Union aid, as well as another $12.8 billion from Rome's coffers. "Politicians have an interest in maintaining the status quo," he says. "There is no clear road map for bringing real development...

Author: /time Magazine | Title: Italian Elections: All Is Not Lost | 4/2/2008 | See Source »

...Because cesarean delivery is associated with higher maternal mortality and other health issues, these figures are alarming to some medical practitioners and natural-childbirth advocates, who label the Asian trend an epidemic. Their concern has been exacerbated by statistics recently released in the U.S., showing an increase in the cesarean rate - now at 31% of all births, up 50% from 10 years ago - coinciding with a rise in maternal mortality (although the nature of the correlation is not clear-cut and is debated by some experts). For every 100,000 births in the U.S. in 2003, 12.1 women died...

Author: /time Magazine | Title: The Labor Market | 3/20/2008 | See Source »

...your vision of the Versace label different from Gianni's? Ashika Vaswani, SydneyI always, always think of Gianni-if Gianni would approve of what I'm doing. Every fashion show, before the girls or the boys go on the runway, I close my eyes and think of him. Will Gianni approve of this? I tell myself, Yes, he will. He taught me everything I know. Even if my fashion changes, evolves with the millennium, the DNA is the same...

Author: /time Magazine | Title: 10 Questions for Donatella Versace | 3/20/2008 | See Source »

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