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...resistance to change. By contrast, Europe is a bloody battleground of national dailies, all clawing at one another. Competition breeds creativity, not to mention a willingness to live with slimmer profits. "The U.S. lost the beat on newspapers around the year 2000," says Vin Crosbie, a partner at media-consulting firm Digital Deliverance and the fifth generation of a Connecticut newspaper-owning family. "I'm just amazed that most U.S. newspapers update their websites once a day. In Norway, if there's a car crash, they update the whole paper...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

...Laurent famously punctured the wall between art and fashion in 1965 when he designed a stunning line of prêt-a-porter dresses based on the colorful geometric creations of Dutch-born abstract painter Piet Mondrian. Seven years later, Saint Laurent and his then companion and lifelong business partner Pierre Bergé would buy the first of three Mondrian paintings as they began building one of the great art collections of modern times. On Feb. 23-25, eight months after Saint Laurent's death at age 71, Christie's will sell off the pair's entire collection - paintings...

Author: /time Magazine | Title: On Auction: The Art that Inspired Yves Saint Laurent | 2/18/2009 | See Source »

...turmoil, New York Fed Governor George L. Harrison contacted Clearinghouse Chairman George W. Davison about declaring a bank holiday. With no incentives to act despite the damage this holiday might do to bank reputations, and with much criticism from an increasingly populist Congress, the Clearinghouse had no reason to partner with the Fed. Davison refused to galvanize his member banks in support of a statewide banking holiday. Harrison quickly gave up, delegating responsibility to a lesser state official. As a result, the New York Fed sustained over $350 million in gold and cash withdrawals the following...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

...rather a watershed moment that could determine the future of this potential public-private relationship as the United States continues to grapple with recession. Like Harrison’s hasty actions in March 1933, Geithner’s imprecision risks alienating those with whom he hopes to partner...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

From Europe's largest regional airline, Flybe, to the commuter partner of Continental, airlines have ordered 131 so far this year, more than doubling last year's orders. Bombardier's deliveries of its Q Series turboprop (Q stands for quiet) were up 71% last year. And Europe's ATR was in a death spiral when the market gave it lift; ATR's sales jumped 100% for its 42-seater (ATR 42-500) and 157% for its 72-seater...

Author: /time Magazine | Title: The Buffalo Crash: The Weather or the Plane? | 2/13/2009 | See Source »

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