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DECLARED DEAD Missing since last September, adventurer and multimillionaire Steve Fossett was declared legally dead on Feb. 15. Fossett was 63 when his single-engine plane disappeared after taking off in Nevada. Billionaire and fellow adventure-buff Richard Branson intends to honor his close friend with a new vessel meant to carry people into space. It will be called Spirit of Steve Fossett...

Author: /time Magazine | Title: Milestones | 2/21/2008 | See Source »

Right after my visit to Malibu, I headed back to New York City and the Metropolitan Museum of Art. This time I was paying my last respects to the Euphronios krater, a magnificent painted Greek mixing vessel from the 6th century B.C. The Met bought it in 1972 for what was at the time the enormous sum of $1 million. But even as he was haggling over the price, Thomas Hoving, then the Met's director, suspected the jar had been looted from Italy. He even said so years later in his very cocky memoirs...

Author: /time Magazine | Title: Who Owns History? | 2/21/2008 | See Source »

...British increased the pressure on the Argentines to get off the islands they had so precipitously seized. On Wednesday evening, Defense Secretary John Nott warned that the Royal Navy would sink any Argentine vessel, whether warship or merchantman, that was within 200 miles of the islands after midnight Sunday. "We will shoot first," said Nott. "We will sink them, certainly within the 200-mile limit." By week's end at least four British nuclear-powered submarines, led by H.M.S. Superb, were believed to be in position to enforce the blockade. The Argentines in turn declared that they were ready...

Author: /time Magazine | Title: Face-Off on the High Seas | 2/20/2008 | See Source »

...corporation's stockholders proved hard to reconcile, and just two years after the White House ceremony, Venter was fired by the board. For solace, he decided to get away. Still a sailing enthusiast, he hit on a grand plan to mimic the journey of the H.M.S. Challenger, the vessel that in the 1870s conducted the first global mission to sample life from the oceans of the world. Venter would circumnavigate the globe with a crew of scientists and sailors and every 200 miles (320 km) would dip canisters into the ocean at various depths, filter whatever life-forms floated...

Author: /time Magazine | Title: Scientist Creates Life — Almost | 1/24/2008 | See Source »

...hungover Sinclair greeted me on my first morning. Unable to speak coherently on account of a recent tracheotomy, he made the gesture of raising a drinking vessel to his mouth. I assumed this was an instruction to bring him coffee. In fact, he was proposing that we go to the pub, and by 11 a.m. we were at the Smuggler's Inn in the seaside town of Stanley. As word got around of Sinclair's whereabouts, uproarious characters - friends or contacts - began to stream in and a party ensued. Toward sunset, having drank steadily for the entire day and consumed...

Author: /time Magazine | Title: The Storyteller | 1/24/2008 | See Source »

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