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Dates: during 2000-2009
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...still makes sweaters but it has also greatly expanded its product offerings to include a wide range of apparel as well as new brands such as fashion-forward Sisley and the leisurewear brand Playlife. Now in overall charge of the group, Alessandro has his hands full. The challenge today is to restore some of Benetton's luster and take the company global far more aggressively. Italy still accounts for 46% of sales - Europe overall accounts for 80% - at a time of sluggish economic growth and ferocious competition on its home turf from fast-fashion rivals...

Author: /time Magazine | Title: Benetton's Faded Colors | 10/26/2009 | See Source »

...series of photos in which he appeared shirtless and on horseback) and its khoomei, or throat singing. In characteristically paranoid fashion, the Soviets regarded khoomei as subversive, and spent 50 years attempting to suppress it, but this ancient folk music proved considerably more resilient than the U.S.S.R. and thrives today - a favorite on the world-music festival circuit and on the CD players of fashionable, Eastern spas...

Author: /time Magazine | Title: Steppe It Up | 10/26/2009 | See Source »

...people. A good - nay, great - start would be to strengthen secular schools, so that education is not hijacked by those madrasahs valuing reckless faith over studied reason and mutating misguided youths into mindless fanatics. Many of those leaders were created by a military establishment to harass India. But today, the real enemy is within, a radicalism that, like Frankenstein's monster, has turned on its former patron. What they once sowed, Pakistanis are now - tragically and shamefully - having to reap...

Author: /time Magazine | Title: The Moment | 10/26/2009 | See Source »

...nation's saving and lending by insuring deposits. When a bank fails, the FDIC makes up the difference between what's left and what's owed depositors, up to $250,000 per person per bank. Two years ago, the FDIC had about $52 billion in its deposit-insurance fund. Today that fund is technically broke. The agency has money reserved to cover anticipated failures but no cash remaining for unforeseen blowups. It has asked banks to prepay three years' worth of premiums and could seek emergency funds from the U.S. Treasury...

Author: /time Magazine | Title: Spotlight: Bank Failures | 10/26/2009 | See Source »

After Alfred Nobel's death in 1896, his executors discovered that the inventor of dynamite had secretly set aside about 35 million Swedish kronor (about $225 million today) for the creation of five annual prizes to honor those who bestowed the "greatest benefit on mankind" in science, literature and diplomacy. On Oct. 9, President Barack Obama won the most coveted and controversial of them all: the Nobel Peace Prize...

Author: /time Magazine | Title: Brief History: The Nobel Peace Prize | 10/26/2009 | See Source »

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