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...system, though, isn't flawless and neither is Drexler. In the fall of 2005, J. Crew stocked heavy sweaters and classic styles, then watched the temperature rise and shoppers recede. Yet that misstep paled next to the one that ended his reign at Gap in the late 1990s, when Drexler overreacted to fast-fashion chains like H&M and took Gap trendy, alienating its core khaki customer. That call, exacerbated by an overaggressive store expansion, led to his forced resignation...

Author: /time Magazine | Title: A Whole New Crew | 3/15/2007 | See Source »

Borrowers with poor credit and unusual loans have often taken on more debt than they can handle. And if rates rise, they are vulnerable to default and even foreclosure...

Author: /time Magazine | Title: A Sub-Prime Primer | 3/15/2007 | See Source »

Many lenders resell their high-risk mortgages to investment banks. If defaults rise, the lenders are often forced to buy back the bad loans, which hurts earnings and stock prices...

Author: /time Magazine | Title: A Sub-Prime Primer | 3/15/2007 | See Source »

...bombastic, headline-grabbing populist --the world has grown used to. Since his election in 2005, Ahmadinejad has become the most prominent Iranian on the global stage since Ayatullah Ruhollah Khomeini, the guiding hand of the country's 1979 Islamic revolution. Ahmadinejad owes his visibility partly to Iran's rise as a regional power and partly to his penchant for spouting what U.S. Under Secretary of State Nicholas Burns calls "the most abhorrent, irresponsible rhetoric of any global leader in many years." It's that rhetoric, along with Iran's meddling in Iraq and pursuit of nuclear technology, that has brought...

Author: /time Magazine | Title: Iran's War Within | 3/15/2007 | See Source »

...choice of role is yet to be seen. Regardless, his other two films in the works this year promise to keep the actor’s fan base satisfied. He will return to the screen as the villainous Victor Von Doom in the sequel “Fantastic Four: Rise of the Silver Surfer” in June, and he will star in the independent horror flick, “Prisoner” later this year...

Author: By Alina Mogilyanskaya, CONTRIBUTING WRITER | Title: Julian McMahon’s ‘Skewed’ World | 3/15/2007 | See Source »

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