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...most modern democratic standards, Silvio Berlusconi's wild 15-year political ride would seem closer than ever to crashing. The 72-year-old Italian Prime Minister is facing a swirl of questions linked to his personal life, including the latest allegations that a high-paid escort stayed with him at his Rome residence the night of Nov. 4 as results were coming in of Barack Obama's election victory. But as damning as the news may appear, it is still too early to predict the demise of the billionaire TV tycoon, who rose to power in 1994 with an often...

Author: /time Magazine | Title: Berlusconi in Crisis After Allegation of Affair | 6/23/2009 | See Source »

...Henry Clay Frick, whose private collections are now significant museums in Houston and New York City, respectively. But they are serious about sharing their newfound enthusiasm. Swapan Seth, an advertising executive and collector in New Delhi, rents out an empty flat every few weeks to show off his latest finds to his friends, curating the shows and hanging the pieces himself. He spends at least two hours a day reading about art, educating himself about the artists he likes and how they fit into the world's larger artistic community. Seth buys most of his art online, but when...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...otherwise have to seek training abroad. Paul recently worked with the staff of digital archive Tasveer Ghar, who had received funding from Heidelberg University to catalog her collection. Poddar went even further and opened his entire collection to students at Jawaharlal Nehru University, who then curated the foundation's latest show. "They're going to be the curators and critics of the future," he says. "They need a place where they can make mistakes...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...groups. The White House--backed arrangement gives Fiat a controlling stake in the embattled 84-year-old company, which will be called Chrysler Group LLC and could serve as a model for the reorganization of larger rival General Motors, which filed for bankruptcy on June 1. The pact--the latest attempt to salvage America's sagging auto industry--creates the world's sixth largest car manufacturer. Analysts expect Chrysler to capitalize on Fiat's strengths by introducing smaller, more economical vehicles over the coming years...

Author: /time Magazine | Title: The World | 6/22/2009 | See Source »

...might Flight 447 have been flying at the wrong speed? The latest theory is that one of its three Pitot tubes - external sensors used to measure airspeed - iced up, leading to an inaccurate reading. That would have shut down the aircraft's autopilot - one of those 24 messages indicated that had occurred - and compelled the flight-control computer to shift more responsibility to the pilots. Turbulence would have further whittled away at their safe-speed range. "They might have slowed down inadvertently and flown into a stall," says Hans Weber, an aviation-safety expert at Tecop International...

Author: /time Magazine | Title: Spotlight: Air France Flight 447 | 6/22/2009 | See Source »

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