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...Crisis, a free consulting service for arts groups on the verge of a nervous breakdown. Kaiser is something of a rescue artist. Over the years, he has swooped in as a director to save the Alvin Ailey American Dance Theater in New York City, the Kansas City Ballet and London's Royal Opera House, which had just canceled every performance for the next year and a half when he got there in 1988. In February the Kennedy Center launched a website--artsincrisis.org--where beleaguered administrators could go for advice on fundraising, programming, budgeting and marketing. Kaiser and his staff sometimes...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...terrorist organizations. Many people were skeptical of alarm bells emanating from such well-heeled manufacturers until Interpol backed up the claims. "North African radical fundamentalist groups in Europe, al-Qaeda and Hizballah all derive income from counterfeiting," John Newton, an Interpol officer specializing in intellectual-property crime, told the London Times in 2005 when it came to light. "This crime has the potential to become the preferred source of funding for terrorists...

Author: /time Magazine | Title: Knock It Off: A Thai Museum for Counterfeit Goods | 6/8/2009 | See Source »

...Brown - only two years into his premiership - could yet cling on. Rebel MPs have so far shown little sign of uniting around a single replacement for Brown. Even if they manage to, choosing a second successive unelected Prime Minister would make an immediate general election almost inevitable. - Adam Smith / London...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...Baltic Dry Index is the worldwide benchmark for shipping rates of raw materials, and it has registered some eye-popping gains over the past month. The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...East Asia-to-Europe voyage is reportedly currently maxing out at a paltry $500. Though the pace of the drop in rates has slowed, there are signs that charter prices have still not bottomed out, having dipped below the record lows of the 2002 stock-market crunch. According to London ship broker Clarkson, a 3,500-TEU gearless Panamax vessel - the largest vessel that can go through the Panama Canal - pulls in $6,500 a day, down 34% on the $9,500 it was charging in February...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

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