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...only glum faces in the art world belong to museum directors, who because of a new tax law may have a harder time obtaining these treasures. Tucked into the Pension Protection Act, which President Bush signed into law in August, the law imposes stricter limits on the popularly used method by which art collectors donate their works to museums. In the past, collectors would often hand over partial ownership of a painting--usually from 10% to 20%--and take a tax deduction for an equivalent percentage of the appraised value. The write-off on subsequent donations could rise each time...

Author: /time Magazine | Title: Portrait of a Bull Market | 11/13/2006 | See Source »

...BRITNEY SPEARS and dancer turned rapper KEVIN FEDERLINE sued each other for divorce and custody of their two kids. 1) Total time Brit spent in her first marriage: 55 hr. 2) Status of K-Fed when the two started hanging out: single--unless you count the pregnant girlfriend. 3) Method by which they developed a trusting and intimate relationship: doing a reality show. At the end of the day, it says something when a wife files for divorce, then goes ice skating, and the next day her spouse shouts from a stage, "You know I'm a free man, right...

Author: /time Magazine | Title: People: Nov. 20, 2006 | 11/12/2006 | See Source »

...dreaded secret police; in Berlin. Rumored to be the model for John le Carré's shadowy Karla (a suggestion the author has denied), Wolf placed his 4,000 spies in such enemy territory as NATO headquarters, cannily converted West German agents to his team, and famously touted the "Romeo method"--the wooing of lonely government secretaries to gain access to confidential files. Among his best-known feats: placing an operative in the inner circle of West German Chancellor Willy Brandt, who retired in 1974 after the aide's allegiance was revealed...

Author: /time Magazine | Title: Milestones Nov. 20, 2006 | 11/12/2006 | See Source »

...secret police; in Berlin. Rumored to be the model for John le Carré's shadowy Karla (a suggestion the author has denied), Wolf placed his 4,000 spies in such enemy territory as NATO headquarters, cannily converted West German agents to his team, and famously touted the "Romeo method"-the wooing of lonely government secretaries to gain access to confidential files. Among his best-known feats: placing an operative in the inner circle of West German Chancellor Willy Brandt, who retired in 1974 after the aide's allegiance was revealed...

Author: /time Magazine | Title: Milestones | 11/12/2006 | See Source »

...start due to injury in his collegiate career. These days, he practically limps back to the huddle, hobbles to the sidelines, then breaks off a run of 25 yards where he dashes past a safety and stiff-arms a linebacker. It evokes Jim Brown, who used a similar method of self-preservation, or, more intriguingly, psychology...

Author: By Jonathan Lehman, CRIMSON STAFF WRITER | Title: Rushing Record On Tap In Philly | 11/9/2006 | See Source »

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