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The Sale of the Century, as it was called, was held at Paris' Grand Palais, and it was not a sale at all but an auction of the art collected by the late iconic French designer Yves Saint Laurent and his business and former life partner, Pierre Bergé. It's...

Author: /time Magazine | Title: The Moment | 2/26/2009 | See Source »

Switzerland's tradition of financial discretion goes back at least to the 17th century. In the wake of World War I, as many European currencies became unstable, the consistent (not to mention neutral) Swiss franc attracted depositors. After France, incensed by the loss of revenue, raided a Swiss bank's...

Author: /time Magazine | Title: A Brief History Of: Swiss Banks | 2/26/2009 | See Source »

Like most of the world's favored travel destinations, tourism-dependent Paris is looking for ways to ride out what promises to be a dismal, recession-plagued 2009. There are bargains to be had, and the welcome mat will be out, defying Parisians' reputation for a certain aloofness when it...

Author: /time Magazine | Title: Much Greater Paris | 2/26/2009 | See Source »

Sirens breaking the silence of the night, cars engulfed by meter-high flames. This is not a scene from the banlieues of Paris, but from the trendy Eastern Berlin district of Prenzlauer Berg, where in recent weeks an ongoing battle against gentrification has intensified. In the past two months alone...

Author: /time Magazine | Title: In Berlin, a Gentrifying Neighborhood Under Siege | 2/25/2009 | See Source »

The win came as a surprise to many - and none more than Takita, the director, who hadn't prepared an acceptance speech. Not only was it the first time Japan has ever taken home two Oscars - the 12-minute The House of Small Cubes (Tsumiki no Ie) also won for...

Author: /time Magazine | Title: Japan's Double Oscar Victory | 2/25/2009 | See Source »

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