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...account for 49% of world economic output, up from 39% in 1990. "For the first time in many decades, the global economy enjoys multiple sources of economic growth, of which the U.S. is not the most important," says Gail Fosler, chief economist at the Conference Board, a business-research outfit in New York...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

Seated in cubicles in a nondescript office in Hong Kong, 1,500 workers are turning the wheels of the global economy. Employing e-mail and the telephone, these merchandisers at Hong Kong-based trading outfit Li & Fung connect the far-flung dots of today's international manufacturing system. Without leaving their desks, they make sure that Victoria's Secret gets its bras, American Eagle Outfitters its T shirts, and Disney its stuffed Winnie the Poohs. One moment, the workers in Hong Kong are haggling over the phone with fabricmakers for the best price on denim; the next, they're ensuring...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

...motley Mylar. It's done by a crew of about 110 volunteers perched on roofs and setbacks of seven buildings from 43rd to 48th Streets. They work under the guidance of confetti master Treb Heining, the Newport Beach, Calif., balloonatic whose company, Treb, Inc., is the go-to outfit for balloon effusions at the Republican National Conventions. Since 1991 Treb has coordinated the confetti fete for the Times Square Alliance, the business association in charge of the big show...

Author: /time Magazine | Title: A Very Confetti New Year's | 1/2/2007 | See Source »

...Where was President Bush when he wore this outfit? And what was the occasion...

Author: /time Magazine | Title: The Big Quiz of 2006 | 12/17/2006 | See Source »

...you’re ready to combat global warming, one carbon emitting clothing company at a time. 3. Miranda Priestly’s Dennis Basso black mink coat and Prada handbag, “The Devil Wears Prada”: Every girl needs at least one PETA-offending outfit. 4. Borat Sagdiyev’s Brigitewear thong swimsuit, “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan”: Kidding! 5. Olive Hoover’s brontosaurus t-shirt and matching red cowboy boots, “Little Miss Sunshine”: The perfect...

Author: By Lindsay A. Maizel, CRIMSON STAFF WRITER | Title: Top Five Movies of 2006 that I Want to Wear | 12/14/2006 | See Source »

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