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Tycoons in South Korea have always been more than just rich people. Inside their sprawling conglomerates, they are revered like demigods, their every utterance heeded as law. In the country at large, these titans of industry, though often distrusted, are lauded as the men who transformed an impoverished backwater into a modern nation with the world's 13th largest economy. This week, however, one of the most powerful fell from his pedestal. Lee Kun Hee, 66, the chairman of Samsung Electronics, shocked South Korea by resigning after being indicted for tax evasion and breach of trust...

Author: /time Magazine | Title: Bowing Out | 4/24/2008 | See Source »

This is the latest scene in a long saga. In the late 19th century, the U.S. government told the Latter-Day Saints that the price of admission to a rich American future was the renunciation of polygamy. The official church and the vast majority of Mormons were happy to come along, but not these few. All these years later, words fail. Modernity comes speaking the language of women's rights, of the dignity and self-determination of children, of limits on the authority of fathers--and even on the authority of prophets. For people who have chosen...

Author: /time Magazine | Title: The Texas Polygamist Sect: Uncoupled and Unchartered | 4/24/2008 | See Source »

...families are trying similar tactics this time. They have created websites rich with photographs of tearful mothers, menacing deputies and frightened kids. All they desire, one site explains, is "the privilege of worshiping God as guaranteed by the Constitution." But live and let live is more complicated now because the buffers have disappeared. The verge of the Grand Canyon is no longer the middle of nowhere--it's the bridge from Lake Powell to Las Vegas. The jealousies and rivalries that have always boiled through polygamous communities now have ways of commanding attention. Secrets are getting out. And those alleged...

Author: /time Magazine | Title: The Texas Polygamist Sect: Uncoupled and Unchartered | 4/24/2008 | See Source »

Here's how the process works: scientists biopsy stem or satellite muscle cells from a livestock animal, such as a chicken, cow or pig. The cells are then placed in a nutrient-rich medium where they divide and multiply, and are then attached to a scaffolding structure and put in a bioreactor to grow. In order to achieve the texture of natural muscle, the cells must be physically stretched and flexed, or exercised, regularly. After several weeks, voila, you have a thin layer of muscle tissue that can be harvested and processed into ground beef, chicken or pork, depending...

Author: /time Magazine | Title: In Search of a Test-Tube Hamburger | 4/23/2008 | See Source »

...limits. Those that do make it in tend to be very well-heeled: investment portfolios at the bank average $1.5 million, while basic account holders maintain balances of anywhere from $2 million in the black to similar amounts in the red. But it's not enough to be rich. Clients must also "be extremely well introduced and have impeccable credentials," says Hoare. New money may be hotly courted elsewhere, but not here. "Our policy on Russians? Don't do them...

Author: /time Magazine | Title: Private Banking: Old-School Rules | 4/23/2008 | See Source »

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