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...137th Open Championship at Royal Birkdale near Liverpool was not supposed to be a joyous affair. Going into the final day's play, in fact, all signs suggested a narrative of torment, inner demons and redemption in the clutches of the body's inexorable decline. That was all taking place in the livin'-large form of 53-year-old third-round leader Greg Norman. But on the final day, the Australian thrashed and grimaced his way to yet another near-miss at a major championship. As one of golf's great comeback stories unraveled in Birkdale's wispy rough...

Author: /time Magazine | Title: Harrington Beats Norman at Birkdale | 7/20/2008 | See Source »

...Cason Thrash's party was the first time that rule was broken. Fund raisers may be standard practice at American museums, but no American museum has a history as storied as that of the Louvre. It started life in the 12th century as an imposing fortress, then became a royal palace that was home for centuries to kings and their burgeoning art collections. In 1793, shortly after the French Revolution, it was turned into a museum that is now easily the most popular in the world; last year it drew in 8.3 million visitors, including more than 1 million Americans...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...fervent about bringing in contemporary artists. He argues that they've long had a place at the Louvre, noting that both Eugène Delacroix and Cubist Georges Braque painted ceiling panels in the museum; Braque's 1953 paintings adorn a 450-year-old carved ceiling in the former royal antechamber. In the same vein, Loyrette has commissioned American Cy Twombly to paint one of the museum's last undecorated ceilings. "I'm not inventing or adding anything," he says. "In a way, I'm just renewing what has always been done...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...allegedly evading some $1 million in taxes by funneling money through foundations in Liechtenstein. The German tax cops got the goods on Zumwinkel with their own bit of skulduggery: they bought records stolen by a former employee of the Liechtenstein bank LGT Group, owned by that Alpine nation's royal family. Other tax authorities piled on, including the IRS. In February, the IRS said it was investigating more than 100 Americans with bank accounts in Liechtenstein, a 15-mile-long country sandwiched between Switzerland and Austria, where financial services account for 30% of the economy, thanks to some...

Author: /time Magazine | Title: Cracking Down on Tax Evaders | 7/16/2008 | See Source »

...Such measures may not be enough to satisfy InBev's cost-cutting demands. What's clear is that Budweiser, "The King of Beers," will have to defer to new masters who have so far manifested little deference to any royal reputation...

Author: /time Magazine | Title: Bud Brewer Braced for Change | 7/15/2008 | See Source »

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