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...still find the small houses and the covered markets of the past," he explains. "And the people all know each other." Another favorite of his in shitamachi Tokyo, north of the Ikebukuro district, is Sendagi, where traditional shops sell Japanese paper, lacquer ware and shell combs. Some of these treasure troves are tucked in right next to Tokyo's busiest districts. Just 15 minutes from the Ginza, along the Sumida River, is Eitai, another village filled with mini-restaurants where only five people can sit. Another gem, the Kiyosumi Garden, is only a few blocks away from Kabutocho, Tokyo...

Author: /time Magazine | Title: Tokyo, Japan | 9/14/2004 | See Source »

...media rooms in their homes and investing in elaborate renovations. They're also buying mega-yachts and accessing private air travel. The sale of mega-yachts--boats 80 ft. and longer--has more than doubled in the last decade. Demand is so high that even if you wanted to shell out $50 million for a yacht, you might have to wait: most of the best-known boatyards are booked through next year and into 2006. Marquis Jet, a company that enables customers to buy access to 25 hours of private air travel for $109,900 and up, increased its revenues...

Author: /time Magazine | Title: Luxury Fever | 9/14/2004 | See Source »

...never dressed this group before," exclaims designer Michael Kors. He's talking about the millions of consumers out there who may covet designer fashion but are not prepared to shell out $850 for one of his 10-ply cashmere sweaters or $8,900 for hand-beaded pants. Or who may not even know his name. Kors built a fashion reputation dressing American jet-setters in cashmere and sequins, but now he covets single-name status like Ralph or Calvin. So he's launching MICHAEL Michael Kors (yes, the first name twice), intending to swathe Americans in what he calls "affordable...

Author: /time Magazine | Title: Making Of An Icon | 9/6/2004 | See Source »

...effort." Some of Europe's biggest foundations are also the newest. They include a €820 million foundation set up by Klaus Tschira, a co-founder of the German software firm SAP, which funds science competitions and antismoking campaigns, and a $250 million foundation set up in 2000 by Shell, the Anglo-Dutch oil giant. In Germany some newer foundations are following the example of Reinhard Mohn, who built Germany's Bertelsmann into a media powerhouse after World War II and in 1993 transferred the company's ownership to a foundation that now has about €735 million in assets...

Author: /time Magazine | Title: Opening Up to Charity | 9/5/2004 | See Source »

...booby-trapped artillery shell detonated shortly before midnight. In the roar and smoke, bodies ripped apart. Suddenly the nine-man foot patrol from Task Force 1/9, composed of infantrymen and cavalry troopers, was down to five, alone, in a darkened Baghdad alley and cut off from help. One soldier was dead. Three others lay bleeding but still alive as fire from AK-47s rained down on the scrambling troopers. Company commander Captain Thomas Foley hollered orders above the din, desperately trying to stave off the attack while getting some kind of aid to his wounded men. One had lost...

Author: /time Magazine | Title: Letter from Baghdad: High Noon On Haifa Street | 8/30/2004 | See Source »

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