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While fashion's big stores struggle, quirky boutiques are finding success with a different business model: small. At the überhip Confederacy in Los Angeles?where customers sip Gimme Coffee that the owners imported from Brooklyn because they miss New York???the economic crunch has only made the selection more special. "Instead of skimping by selling guys T shirts and jeans because that's what they can afford, we sell what excites people," says Ilaria Urbinati, a celebrity stylist, who buys for the store with partner Danny Masterson, an actor...
Even more worrying for the long-term outlook is the rush to cancel orders for new ships. Clarksons of London, the world's largest shipbroker, announced that new orders had dropped from 378 vessels in October 2007 to just 37 last October. In November, New York???based Genco Shipping and Trading wrote off a $53 million deposit in order to get out of a $530 million deal to buy six new vessels, freeing up liquidity and strengthening the firm's "ability to act opportunistically," a Genco spokesman said. As companies pull back to protect their bottom lines, many are simply...
...report this month, the New York???based organization Human Rights Watch details how the Joint Operations Command, combining the heads of all Zimbabwe's armed forces, unleashed the violence under the name Operation Makavhoterapapi, or "Where did you put your vote?" Tiseke Kasambala, the organization's Zimbabwe researcher, told TIME that Mugabe is still a powerful force, even though he is now letting the generals call the shots. The MDC goes further, saying the top generals of the Joint Operations Command are now in charge of Zimbabwe, having staged a silent coup shortly after the March elections. In a telephone...
When designer Elie Tahari landed in New York??City at age 19 in 1971, he had $300 in his pocket and couldn't read English. After a "miserable" childhood spent in an Israeli orphanage, Tahari had only one dream, and that was the Big Apple--as he had seen it in the movies. With a plane ticket provided free by one of his brothers, then an airline employee, Tahari landed determined to make money...
...tough New York??City cop, Francis X. Loughlin has a knack for getting bad guys to give it up in front of the one-way mirror. Julian Vega was 17 and "as fragile as an egg in a carton" when Loughlin nailed him for the claw-hammer murder of a young doctor. Twenty years later, Julian, now prison hardened, has been freed on a technicality and is bent on proving he didn't do it. Loughlin is equally convinced he got the right guy, but his eyesight is failing from degenerative tunnel vision, and the case has taken a bizarre...