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...Lacroix's situation is indicative of the state of luxury overall, a business that is structured on a pyramid model wherein companies invest in the high-end image of a brand that will generate profits at the lower end of the price spectrum. Lacroix, who launched his label in 1987 with the financial backing of Bernard Arnault, chief of the mighty LVMH Moët Hennessy Louis Vuitton, is a product of a 20-year creative and business cycle that has come crashing down with the recent global financial crisis. Despite his enormous creativity and influence on fashion, Lacroix could...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...Pajitnov continues to design games today-his similarly colorful puzzler Hexic was packaged with Microsoft's Xbox 360 Premium Bundle at the console's launch. But Tetris remains his magnum opus. As prices for video-game development run into the tens of millions of dollars, Tetris' simple formula still beats them all. "It's awesome when you look at the industry and everyone spending millions on graphics and music and more and here we are with Tetris just kicking ass," Rogers told the AFP. "It is an enviable position...

Author: /time Magazine | Title: 25 Years of Tetris: From Russia With Fun! | 6/5/2009 | See Source »

...Acer became the first manufacturer to unveil a computer that will use Google's Android operating system, created for smartphones, that will boot up in less than 20 seconds. It will be on the market in the third quarter of this year. Taiwanese consumer electronics maker BenQ plans to launch a netbook running Google's Android operating system next year. (Watch a video about dropping your laptop from 3 feet off the ground...

Author: /time Magazine | Title: New Netbooks Debut at Taiwan Computer Show | 6/5/2009 | See Source »

Samuel P. Huntington was not afraid to launch his ideas onto the center of the intellectual stage, even when they sparked controversy. But friends and family said they will remember the bespectacled political scientist for his gentle, reserved nature and commitment to academia. The preeminent scholar of national security and civil-military relations died of congestive heart failure and complications related to diabetes on Martha’s Vineyard in December. He was 81. Huntington, who taught at Harvard for 58 years before retiring in 2007, was a gentle, yet quietly serious, presence in the government department, where he left...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Samuel P. Huntington | 6/4/2009 | See Source »

...science and technology, we will launch a new fund to support technological development in Muslim-majority countries, and to help transfer ideas to the marketplace so they can create jobs. We will open centers of scientific excellence in Africa, the Middle East and Southeast Asia, and appoint new Science Envoys to collaborate on programs that develop new sources of energy, create green jobs, digitize records, clean water, and grow new crops. And today I am announcing a new global effort with the Organization of the Islamic Conference to eradicate polio. And we will also expand partnerships with Muslim communities...

Author: /time Magazine | Title: Full Text: President Barack Obama's Speech to the Muslim World | 6/4/2009 | See Source »

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