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...firm's attempted acquisitions - the 2002 bid for British retailer Arcadia. Johannesson and his lawyers are blasting the charges as politically motivated, and denying any wrongdoing. But the Icelander's partners on the Somerfield bid - they include private equity firm Apax, Barclays Capital and Iranian realtor Robert Tchenguiz - may be getting cold feet. Despite expressions of support from Baugur shareholders including Kevin Stanford, co-founder of Karen Millen, Baugur last week bowed to pressure from its partners to drop out of the consortium. Other Icelanders are waiting in the wings. Boosted by a stock-market boom and a thriving economy...

Author: /time Magazine | Title: Bizwatch | 7/10/2005 | See Source »

Reid's remarks prompted a rash of phone calls to his office from liberals, exposing a fissure in the party over Gonzales. "For Reid to say that he is acceptable because we confirmed him as Attorney General is wrongheaded," says Robert Borosage of the Campaign for America's Future. Tom Matzzie of MoveOn.org insists, "Gonzales should not be a Supreme Court Justice." Still, some party vets contend that Democrats will ultimately back Gonzales, seeing him as a more moderate choice than others Bush could name. "When push comes to shove," says Democratic strategist Harold Ickes, "I think Democrats will find...

Author: /time Magazine | Title: Al's New Friends | 7/10/2005 | See Source »

...single color, or two or three adjoining forms, each a different color. They obeyed the minimalist law that art should be a thing that can be apprehended all at once, with no painterly composition and a minimum of visual intricacies. But resolute minimalists like Donald Judd and Robert Morris were also busy expelling from art anything that resembled meaning, any reference to biological form or emotional states outside the work. From the start Tuttle was different. He wanted people to associate things he made with things they knew. He gave his works yielding names that invited the mind to attach...

Author: /time Magazine | Title: Art: The Man of Small Things | 7/10/2005 | See Source »

...second-generation European Muslims--most of them European Union citizens--who are a security risk. "As E.U. citizens, they're eligible for U.S. visa waivers, which means they can represent a direct threat to the U.S.," says Robert Leiken of the Nixon Center, a Washington-based foreign policy think tank founded by the former President. "Local groups that are already in place, that grew up in Western Europe and can conduct surveillance for multiple bombings without arousing a great deal of suspicion--this can be an enormous problem." Right now the FBI has no evidence of any hard-core...

Author: /time Magazine | Title: 3 Lessons from London | 7/10/2005 | See Source »

Disney CEO-elect Robert Iger, who has spearheaded the company's move into China, spoke with TIME's Jeffrey Ressner. Excerpts...

Author: /time Magazine | Title: Mouse in Chief | 7/10/2005 | See Source »

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