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Because of Detroit's disastrous past decade, the renovation took longer than expected, and the museum struggled: attendance, which is highly dependent on special exhibits, fell sharply. Last year Beal reduced the DIA's budget, from $32 million to $26 million, partly by laying off 20% of the museum's staff. Cultural sites nationwide are struggling to weather the economic crisis, but the challenge facing Detroit's institutions is especially severe; they can no longer rely on support from the region's ailing auto industry. Raising money, Beal says, "has been unbelievably challenging." (See TIME's special report "The Committee...
...Christian art. And Christianity is infused throughout the museum, especially in the European collections. Beal, who is fond of Islamic ceramics, says, "It's also important for non-Muslims to see this and understand the depth and beauty of Islamic art." His next challenge is to raise $1.5 million to open an Asian-art gallery...
...what Europe stands for, which for an outsider is quite ill-defined. What is Europe's foreign policy? When I was E.U. trade commissioner, I represented an economic superpower of 500 million people. And that meant I could do better trade deals. I was able to represent the E.U. more clearly. In foreign policy, there are times when speaking with one voice - and it doesn't have to be mine - allows us to engage better on issues, and enables us to do things more effectively. For example, if we are trying to do things around development, then as 27 nations...
...COMPANY: Li Ning SECTOR: Sportswear REVENUE IN 2008: $979 million THE LESSON: Be nimble...
...Shaquille O'Neal (who is under a five-year contract with the brand). But it still maintains its value-for-money approach to marketing - recently making a big push, for example, into badminton, a sport largely ignored in the West but played and watched by some 300 million Chinese. Li Ning - sponsored shuttlecock star Lin Dan graces billboards and TV ads around China, and the firm opened a "badminton paradise" last year in Singapore, its first international outlet. Although badminton won't feature as prominently in its first American shop, which opened in January, the firm's determination to bring...