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...luxury sector, now a $140 billion business growing at approximately 7% a year, according to the Telsey Advisory Group (TAG), an independent research firm based in Manhattan, has been populated by a handful of familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG. So it's not surprising that...

Author: /time Magazine | Title: Art Of The Deal: Green Is the New Black | 9/11/2006 | See Source »

...capital"? Is Latin America "the new horizon of socialism"? [an error occurred while processing this directive] Behind the high-toned banter, however, lay a visceral political yearning. France's left has not held the nation's presidency since 1995, and it is hungry for power. It might be thought odd, then, that the person who has the strongest chance of winning the top office in next May's presidential election didn't take part in any of the earnest, furrowed-brow debates. Sure, Ségolène Royal was there at the beginning of the proceedings...

Author: /time Magazine | Title: Where's the Gray Suit? | 9/10/2006 | See Source »

Until now, the issue of what our interrogators did to the al-Qaeda operatives in their custody was as remote as the secret prisons in which they have been kept: a list of techniques with odd names like "water boarding" to match up with grainy head shots above long Arabic names. But we learned from President Bush last week that the CIA's 14 high-value detainees have been moved to a U.S. base, the Cuban outpost of Guantánamo Bay. And because they will face some kind of trial, the issue of torture moves closer to our political shore...

Author: /time Magazine | Title: The Unofficial Story of the al-Qaeda 14 | 9/10/2006 | See Source »

...worth, the National Institute of Standards and Technology has published a fact sheet responding to some of the conspiracy theorists' ideas on its website, www.nist.gov. The theories prompt small, reasonable questions that demand answers that are just too large and unreasonable to swallow. Granted, the Pentagon crash site looks odd in photographs. But if the Pentagon was hit by a cruise missile, then what happened to American Airlines Flight 77? Where did all the real, documented people on it go? Assassinated? Relocated? What about eyewitnesses who saw a plane, not a missile? And what are the chances that an operation...

Author: /time Magazine | Title: Why the 9/11 Conspiracy Theories Won't Go Away | 9/3/2006 | See Source »

...frugal, bespectacled and leery of tech stocks doesn't mean he isn't a playa. WARREN BUFFETT, 76, the world's second-richest man, just married ASTRID MENKS, 60, at his daughter's Omaha, Neb., home. That's no big surprise: they have been together for decades. The odd thing is Buffett was married to his first wife until her death in 2004, and she approved of his relationship with Menks (she introduced them). After the 15-min. civil ceremony, the wedding party dined at a seafood place. And, since you can't put a price-to-earnings on happiness...

Author: /time Magazine | Title: People: Sep. 11, 2006 | 9/3/2006 | See Source »

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