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...would have the advantage of deep pockets and patient owners. Founders Donald and Doris Fisher, along with their son and interim CEO Robert Fisher, own about 33% of Gap shares and have never seemed interested in selling their baby; they want it fixed. One possibility: breaking up the company into three more-nimble parts, with each brand focused on a specific customer demographic. "The combination is overly complex and unmanageable," says Todd Slater, managing director at Lazard Capital Markets. Whether or not it remains one intact company, industry experts say Gap will have to get back to the fashion basics...

Author: /time Magazine | Title: Khakis Get the Blues | 1/26/2007 | See Source »

Attempts to squelch publication of Spycatcher abroad, however, have not fared so well. In September 1985, the London government filed suit in an Australian court to prevent release of the memoir. So far, the testimony of government witnesses in the case has been embarrassingly inconsistent. British Cabinet Secretary Sir Robert Armstrong has admitted that he was "economical with the truth" on the stand. The defense also noted that British officials allowed Journalist Chapman Pincher to publish a book in 1981 that contained similar material...

Author: /time Magazine | Title: World Notes: Dec. 15, 1986 | 1/26/2007 | See Source »

Borra emphasizes that the concept of a liquid-mirror telescope is not new; he thinks the idea may have occurred to Isaac Newton, who knew about the behavior of spinning fluids and built one of the first reflecting telescopes. Borra knows that Robert Wood of Johns Hopkins University built a primitive model in 1908. "I am not the inventor," says Borra. "But I am the first to make it work and the first to know what to do with...

Author: /time Magazine | Title: Science: Taking a Mercurial Approach | 1/26/2007 | See Source »

Most damaging so far was a decision in New Orleans last month by Federal Judge Robert Collins, who called a U.S. Customs Service drug-testing program "unreasonable and wholly unconstitutional." Acting on a suit brought by the National Treasury Employees Union, Collins permanently enjoined a program requiring urinalysis tests for employees seeking promotions in three sensitive categories, including those directly involved in enforcing drug laws. In Chattanooga, Federal Judge R. Allan Edgar last month rejected the city's program to test police and fire fighters, ruling that an individual could be examined only when supervisors had "reasonable suspicion" that...

Author: /time Magazine | Title: Test Cases: The battle over drug screening | 1/26/2007 | See Source »

...addition to more than 550 photographs (nearly half in color), essays by art historians chart the changes in sculpture from traditional men on horseback to imposing abstractions that are set against desolate landscapes or take up acres and even miles. Examples include Nancy Holt's Sun Tunnels and Robert Smithson's Spiral Jetty in Utah and Christo's 24½-mile-long nylon Running Fence in California. These and more familiar pieces by Auguste Rodin, Alberto Giacometti and Alexander Calder are investigated with intellectual rigor and inviting illustrations...

Author: /time Magazine | Title: Pleasures for the Holidays | 1/26/2007 | See Source »

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