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Just as important to the creation of a thriving Lord & Taylor is Baker's ability to dive headfirst into the insular fashion world, solicit advice and have people root for his success. He isn't simply a hands-off leader with a big bank account. He's a likable businessman with an artsy streak?a trait not immediately apparent from his unaffected personality. (But visit his home, and you will find priceless Picassos, Chagalls and a James Turrell art-installation pool...

Author: /time Magazine | Title: Studying the Classics | 9/21/2007 | See Source »

...drug industry says it has created 126 health partnerships with governments and aid organizations that have helped up to 539 million people since 2000. Some observers remain cynical, however. They say CSR is mere window dressing - a clinic here, an outreach program there - that does not address the root problem of how to get drugs to the broadest number of people who need them most...

Author: /time Magazine | Title: The Halo Effect | 9/20/2007 | See Source »

...Alan Greenspan really the root of all economic evil? Uh, no. By general agreement, the main jobs of the Federal Reserve are to halt financial panics before they spiral into depressions and to keep inflation from getting out of hand. The Fed has failed miserably at each of these tasks once--depression prevention in the early 1930s and inflation prevention in the 1970s. Under Greenspan, it took care of both pretty well. Brad DeLong of the University of California, Berkeley, an economist with no particular loyalty to the former maestro, estimates that of 36 significant interest-rate decisions during Greenspan...

Author: /time Magazine | Title: It's Not His Economy | 9/20/2007 | See Source »

These realities have become an issue in recent court decisions. Judges point to high levels of residential segregation as the root cause of school segregation and question the wisdom of using children and schools to remedy adults' preferences for isolating themselves by income and race. This year the Supreme Court ruled that voluntary school-integration plans in Seattle and Louisville, Ky., violated the rights of students to be judged on individual merit even if the ruling means that many schools remain segregated by race and class. It was a sad decision, acknowledging the defeat of the ideals and aspirations...

Author: /time Magazine | Title: The Legacy of Little Rock | 9/20/2007 | See Source »

...favors lifting the ban on the wearing of Islamic headscarves in universities. Under the existing constitution, enacted following a military coup in 1980, it is illegal to wear headscarves in state-funded institutions such as hospitals and universities. The rule was intended to prevent Islamist activists from taking root in the younger generation, but it has been widely criticized as excessive while also serving as a useful rallying cry for conservative Muslims. Any change would not take place before next spring, at the earliest, but the call forms part of a broader challenge by the current government and its supporters...

Author: /time Magazine | Title: Turkish PM: End Ban on Headscarves | 9/20/2007 | See Source »

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