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...Obama went to the Art Institute of Chicago. Back then it was possible for them to go to a museum without attracting much attention. But when Michelle paid a visit to another museum a few weeks ago, people took note. On May 18, the First Lady traveled to New York City to inaugurate the newly refurbished American Wing of the Metropolitan Museum of Art. Later she moved on to the city's other Met--the Metropolitan Opera House--to celebrate the opening night of the American Ballet Theatre and speak to the glamorously packed house about the importance...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...people who are dealing with economic policy [in the White House] are not talking to the people who are dealing with cultural policy, because they don't see any connection," says David A. Ross, former director of the Whitney Museum of American Art in New York City and the San Francisco Museum of Modern Art. "What's clear is that there is a direct connection between economic recovery and cultural spending." Ross would like to see a federal rescue mission for the arts, a $250 million fund to stabilize museums and libraries. That would be only a small fraction...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...Performing Arts in Washington, established Arts in Crisis, a free consulting service for arts groups on the verge of a nervous breakdown. Kaiser is something of a rescue artist. Over the years, he has swooped in as a director to save the Alvin Ailey American Dance Theater in New York City, the Kansas City Ballet and London's Royal Opera House, which had just canceled every performance for the next year and a half when he got there in 1988. In February the Kennedy Center launched a website--artsincrisis.org--where beleaguered administrators could go for advice on fundraising, programming, budgeting...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

Former NEW YORK TIMES journalists say they knew about Watergate first...

Author: /time Magazine | Title: Pop Chart | 6/8/2009 | See Source »

...year creative and business cycle that has come crashing down with the recent global financial crisis. Despite his enormous creativity and influence on fashion, Lacroix could never turn a profit. Many of the press reports on the house's failures blamed the designer's underperforming stores in New York City and Las Vegas. But at the heart of the Lacroix saga is an unsuccessful perfume launch that dates back to 1990, and his continuing inability to translate his unique high-end fashion flair into more accessible products, like fragrance, lipstick and accessories. As a result, Arnault sold the brand...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

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