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...People are ready for this now," says jewelry designer Paloma Picasso, holding a necklace of giant rough aquamarines in her hands. "I would wear it because I like the fact that there is so much light in these stones and that somehow they are not pure, but maybe it's not for everyone." Indeed, after 27 years in business designing her namesake collection of fine jewelry for Tiffany & Co., Paloma Picasso, 58, the daughter of Pablo Picasso, has finally seen her passion for bold, large-scale jewelry and colorful, rough-edged stones come into fashion. When she launched her collection...

Author: /time Magazine | Title: Artistic License | 9/21/2007 | See Source »

...business that caters predominantly to women, it still seems somehow paradoxical that so many men remain in charge. And yet if you take a closer look at the true pioneers of global luxury, going right back to Coco Chanel, above, it's clear that when a fundamental shift occurs in the industry, it is often the work of a powerful and creative woman. The entrepreneurs, CEOs and designers (there's even a muse) presented on the following pages are most often defined by their determination and fearlessness?from the CEO who is reinventing and reviving the YSL brand...

Author: /time Magazine | Title: Women in Luxury | 9/21/2007 | See Source »

...moment, I think, but people. If there's a central character in my book, it's my mother. She was determined that there would be no limit on my aspirations. My father made sure that I understood that even if I brought home an A, somehow I was expected to do better next time...

Author: /time Magazine | Title: 10 Questions for Lynne Cheney | 9/20/2007 | See Source »

...this was really a case about what happens when the state's interest in protecting children runs up against a church's right to practice its beliefs, however repugnant others may find them. Jeffs' defense lawyers challenge the very notion that he should somehow be held responsible for what goes on in the privacy of a marriage simply because he arranged it. But state prosecutors have long looked for some way to penetrate the remote FLDS enclave, whose apostate refugees tell stories of exploitation of children as workers, of incest and of sexual abuse. Sitting in court amid the throngs...

Author: /time Magazine | Title: The Polygamy Paradox | 9/20/2007 | See Source »

...dubbed him in a best-selling book; the senior member of the "Committee to Save the World," as this magazine put it in a 1999 cover story; the Federal Reserve chairman who didn't just preside over the longest economic expansion in U.S. history but also was credited with somehow willing it to happen...

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

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