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...resigned from his own company, which is owned by the Prada Group. The move ended a feud with Prada CEO Patrizio Bertelli over how to reverse losses at Lang's line. In the mid-'90s, Lang's sales were as high as $100 million. When he sold a 51% stake in his namesake brand in 1999, Lang touted Bertelli as a guy who "understands the culture of a high-end product," and said, "His line is very, very well managed." Bertelli, who later purchased the remaining 49% of the brand, was just as excited about the combination. His big plans...

Author: /time Magazine | Title: Crisis on the Catwalk | 1/31/2005 | See Source »

What's at stake? The January 30 poll will elect the 275 members of a National Assembly. The Assembly will elect a new president and two deputies, and the three of them will then appoint a new prime minister who will in turn choose a cabinet. The prime minister and cabinet must be confirmed by the Assembly, giving Iraq its first democratic government since the fall of Saddam. It will, nonetheless, be a caretaker government, primarily responsible for drafting a new constitution by August 15. If that draft constitution is approved in a nationwide referendum scheduled for October...

Author: /time Magazine | Title: Iraq FAQ | 1/25/2005 | See Source »

...shown in the footage are in Hoiryong, a small town near the border with China. The filmmakers, who call themselves the Youth Freedom League, have cells in other North Korean cities, including Pyongyang, says Do, and they want the world to pay attention: "They have put their lives at stake to tell the outside world about the prison-like conditions inside North Korea...

Author: /time Magazine | Title: Notes from Underground | 1/24/2005 | See Source »

...chairman of the Committee on Higher Degrees in Health Policy, wrote in an e-mail last week that he knows of no other school that has established a joint program between law and health policy, “although I wouldn’t want to stake my life on the issue that we are the first.” So far, one student has applied to the joint program, Newhouse wrote...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: Joint Law and FAS Degree Program Satisfies Students of Two Minds | 1/24/2005 | See Source »

...dollars at stake are huge. More than 6 million homes are expected to change hands this year, generating sales commissions of $60 billion. Predictably, the big Realtors aren't going without a fight. In response to the new threat, the National Association of Realtors (N.A.R.) has proposed guidelines that would restrict online agents' access to the industry's lifeblood: multiple real estate listings--the Holy Grail for home shoppers--which are maintained on the association's regional databases...

Author: /time Magazine | Title: The Commission Squeeze | 1/23/2005 | See Source »

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