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...economy has emerged from the abyss. At the depths of the special period, the country had almost no petroleum, electricity, food, transport or production. Today Havana blooms with chicly renovated hotels, neon signs, crowded restaurants and nightclubs. The U.S. dollar has swallowed the Cuban peso. Farmer's markets and mom-and-pop entrepreneurs fuel a production boom of sorts. Cars outnumber bicycles again in Havana, and many of them are 1990s Nissans, not 1950s Chevys. Foreign investors not only share ownership of new projects but also own some outright and ship much of their profits home. Modern telecommunications have replaced...

Author: /time Magazine | Title: Clash Of Faiths | 1/26/1998 | See Source »

...Never mind that the IMF functions as a U.S.-driven-body that tends to open up foreign markets to U.S. companies. Here's an easy-to-understand reason to support it: The bailout would prop up Mom-and-Pop mutual funds which stand to lose millions in an Asian collapse...

Author: /time Magazine | Title: IMF Spooks GOP Nativists | 1/20/1998 | See Source »

...helping them gain ground. FUBU, which means "for us, by us," began in 1992 when Daymond John, at 24, started selling tie-top hats on the streets of New York City. The hats caught on, so he drew up some ideas for coats and shirts and asked his mom to teach him to sew. Then she remortgaged their house for $100,000, gave him the money and let him turn the place into a mini-factory. He has a really nice mom...

Author: /time Magazine | Title: Fashion: Getting Giggy with A Hoodie | 1/19/1998 | See Source »

Even more than hard work, luck or an agreeable mom, FUBU's success was due to a strategy straight from Phil Knight's playbook: it got the ubiquitous LL Cool J to sign an endorsement deal. The trick to hip-hop-fashion money, even more than offering slick styles, is somehow to get a rapper--preferably one on heavy rotation on MTV--to wear your stuff. Dr. Dre is dipped in Karl Kani, Mase gets giggy in Mecca, and Busta Rhymes is decked in Ecko. "Videos are hands down the best advertising you can have," says Mike Clark, the chief...

Author: /time Magazine | Title: Fashion: Getting Giggy with A Hoodie | 1/19/1998 | See Source »

...Hard to believe, Mom...

Author: /time Magazine | Title: Alzheimer's: This Long Disease | 1/12/1998 | See Source »

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