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When Stuart Vevers moved to Madrid as the new creative director at Loewe last January, his knowledge of the city was close to nil. "I'd been here once for an interview," says the 34-year-old Brit. "The trip lasted about four hours." Twice weekly Spanish lessons prepared him for a new language but not a new culture. "After living in New York, Paris and London, Madrid is a complete change," he says. "It's about half the size, so at times you feel a bit more like you're in a town." That, combined with the city...

Author: /time Magazine | Title: Madrid | 11/17/2008 | See Source »

...young people - and they are legion, with 70% of the population under the age of 35 - the film is a big draw. "Why shouldn't this man, who transformed an entire country, enjoy raki, like dancing, miss his mother or not like sleeping in the dark?" asks pop singer Nil Karaibrahimgil. "Do these [facts] change what he did or diminish it? Being introduced to Mustafa made Atatürk even more of a hero in my eyes." Some 800,000 people have seen Mustafa so far - more than the latest James Bond movie - proving perhaps that taking on Turkey...

Author: /time Magazine | Title: A Turkish Film Draws Fire for Its Portrait of Atatürk | 11/13/2008 | See Source »

...appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines the value of American currency vs. the yen - and a stronger yen is bad news for Japan. It makes the country...

Author: /time Magazine | Title: Will the Fed's Rate Cut Help? The Japan Lesson | 10/30/2008 | See Source »

...from its grant dollars by adopting an enforced-collaboration model in 2004, linking work at four cancer centers into a consortium managed by PricewaterhouseCoopers and providing them all with patients, tissue samples and a set of targets and goals. "The odds of a cure coming from one center are nil," Giusti says. "You need a mutual fund to fight cancer." From not having a single drug in the pipeline, the MMRF now has 30, half of them in clinical trials. The average lifespan of a multiple-myeloma patient has been extended by three years, to seven...

Author: /time Magazine | Title: He Won His Battle With Cancer | 9/4/2008 | See Source »

...green chairman of the Senate Environment and Public Works Committee, Lieberman and Warner added provisions to protect low-income consumers and managed to get the bill voted out of committee; it is scheduled for a Senate floor debate early next month, but its chances of passage are next to nil. As G.O.P. opposition to the bill hardened - the business lobby argued that it would cripple the U.S. economy by raising electric rates and damaging America's ability to compete with China - McCain was cagey about whether he would support it. Most coal-state Democrats and all but a handful...

Author: /time Magazine | Title: McCain's Gift to the Green Movement | 5/14/2008 | See Source »

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