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...necessary to understand the place and role of folk crafts in the general construction [of the market]," said Viktor Khristenko, head of the Industry and Trade Ministry, in March. As orders have started to dry up, the production of handicrafts by registered companies in the period between January and May fell 19% compared with the same period last year, dropping from $35.2 million worth of goods to $28.5 million, according to the Federal State Statistics Service. Meanwhile, the number of tourists, who make up the bulk of buyers of Russian handicrafts, has dipped drastically, with 25% fewer visitors arriving...

Author: /time Magazine | Title: Trying Times for Russia's Nesting Dolls | 7/5/2009 | See Source »

...recent financial crisis. And get this: contained in Goldman's client form is this disclaimer, "You acknowledge that we may monitor your use of the Services for our own purposes (and not for your benefit)." The firm seems to be announcing out loud that it plans to trade against its clients...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...Those workforce cuts similarly included large numbers of administrative and professional staff, unionized technical and clerical workers, and even some service and trade workers. Harvard College Library saw substantial staff reductions, and the University's central administration laid off 60 employees in an effort to cut costs and increase efficiency...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: FAS Lays Off 77 Staffers | 7/3/2009 | See Source »

...Palin's book is slated for release in time for Mother's Day 2010. In addition to the trade edition, there will be a special version for the Christian market under HarperCollins' Zondervan imprint. Her editor is Adam Bellow, son of the late novelist Saul Bellow. Palin and Bellow have already huddled in person, and the book is under way. (TIME photographs: Sarah Palin...

Author: /time Magazine | Title: Palin Bow-Out: Boon to Her Book Sales? | 7/3/2009 | See Source »

...harm Iran more than it harms the E.U.," says Sir Richard Dalton, associate fellow at the international-affairs institute Chatham House in London. Dalton believes that behind Iran's prickly attitude is insecurity about the country's relative weakness compared to the E.U. "Iran needs Europe - it needs the trade, it needs support in international organizations and it needs to maintain a strong image to the outside world," he says. "The E.U. has influence, and when it takes collective actions, others take notice, and Iran does not come off well. Iran is in a difficult situation and it knows that...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

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