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...place a competitive advantage. But what people sometimes forget is that in New York, culture isn't just a lure to bring in the real producers of wealth. It's a giant moneymaking enterprise in itself, one of the biggest employers in the city. What software is to Silicon Valley, what vineyards are to Bordeaux, the arts are to New York: a mighty generator, even if not the largest one, of commerce...

Author: /time Magazine | Title: Culture Club | 1/17/2008 | See Source »

...This year's meeting, which starts on Jan. 23, might be a little different. Thoughts may be in the valley rather than the hills. A year ago, subprime had not entered the lexicon of the nightly news, and most Americans probably thought that "credit crunch" was a breakfast cereal. We all know better now. In the wake of the report that December's U.S. unemployment rate had jumped to 5%, the highest level in two years, the Bush Administration and Congress, Republicans and Democrats, started falling over themselves trying to find a politically acceptable stimulus package. With a recession...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...that Woody Allen just gets better and better looking the older he gets? -Sheila Levine, Seemy Valley, CaliforniaWell it's nice of her to say that. I probably started off very bad when I was younger. Anything that happens is registered as an improvement. That's the only thing I can think of. It's great. I've just been lucky that I haven't yet fallen apart. But it will happen...

Author: /time Magazine | Title: 10 Questions for Woody Allen | 1/17/2008 | See Source »

...violence to ethnic conflicts between the Kikuyus, Kalenjins and Kenya’s 40 other ethnic groups ignores the extremely complex disputes over land apportionment that are driving the violence in much of the country. From the tightly packed slums of Nairobi to the farms of the Rift Valley, land has been a continual source of conflict in Kenya. Since the colonial period when British settlers displaced Kenyans from their land at the beginning of the 20th century, there has yet to be adequate compensation for those who lost property. During the years following independence, Jomo Kenyatta, the first president...

Author: By Megan A. Shutzer | Title: Restoring Credibility in Kenya | 1/14/2008 | See Source »

...then there was all that confusion about Tenzing getting on top first. When we got back to Kathmandu Valley, we were met by Communists - there was quite a strong Communist movement on the mountain and in the villages. Now, I'm not anti-communist by any manner or means, but there was no question they felt that it was most important that they should stress that Tenzing had got to the summit first. Whereas to the ordinary mountaineer, of course, it's a matter of complete indifference. So they got Tenzing aside, and they really batted away...

Author: /time Magazine | Title: An Interview with the Last Adventurer | 1/12/2008 | See Source »

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