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...Though in the late '60s Valentino dressed his muses and himself in rakish, now garish mod, he soon recognized the allure of gowns that for centuries had made rich women attractive commodities. Other designers might reflect the hustle (without the bustle) of contemporary life - Lacroix, sweetie. Valentino didn't make statements; he made dresses, as he proclaimed, "for women who actually wear them." A warming elegance was his trademark: la belle, la perfectly swell romance. This ethereal chic served the emperor and his clients well for ages; one journalist calls him "the only designer in the world who's managed...

Author: /time Magazine | Title: Ode to a Fashion Legend, Valentino: The Last Emperor | 3/18/2009 | See Source »

...investors. Though the government could get back the money if the assets start trading again, many Americans see it going down a sinkhole. Says Democratic pollster Mark Mellman: "There's a narrative out there in the public mind that the government's bailing out banks" - in other words, helping rich bankers keep their summer homes. (See pictures of expensive Modernist houses...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...wife and I, both professionals with college degrees, are raising five children in a 2,400-sq.-ft. home. Most people we know live with less. Perhaps if Stevens had shot for the American dream instead of Lifestyles of the Rich and Famous, she'd be in better shape today. Nick Kasoff, FERGUSON...

Author: /time Magazine | Title: Profiles in Foreclosure | 3/17/2009 | See Source »

...GOOD FITTo Robinson, Winthrop House represented Harvard’s progressive history and was emblematic of the University’s acceptance of diversity, as the House was the first to welcome Jews and Catholics. For the couple, the opportunity to raise their son in a “rich, vibrant, engaging” community of undergraduates and graduate tutors was an added incentive.But when it came down to making the decision, Sullivan says he simply felt it was right.“It’s hard to give voice and vocabulary to it. It was a vibe...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERS | Title: Historic Picks To Step in at Winthrop | 3/17/2009 | See Source »

...engaged in controversial activities at odds with U.S. policy. One example is UBS, the Union Bank of Switzerland, which got $5 billion. It recently reached a $780 million deferred-prosecution agreement with the Department of Justice to settle charges that it had deployed undisclosed offshore bank accounts to assist rich Americans in evading U.S. taxes. DoJ is still seeking to force UBS to disclose the names of 52,000 Americans suspected as part of the alleged scheme...

Author: /time Magazine | Title: Obama's Challenge: Containing the AIG Bonus Outrage | 3/16/2009 | See Source »

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