Word: 1950s
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Jean-Luc Lagardere trained as an engineer at Marcel Dassault's aircraft-design business in the 1950s and went on to run a small Dassault subcontractor called Matra. In 1980 he diversified into media by acquiring magazine group Hachette and today publishes 222 titles, including Paris Match, Car and Driver and Elle. A foray into TV almost bankrupted Matra, but it recovered, and the publicly traded firm--now called Lagardere Group--with $14 billion in annual sales is weathering the economic downturn. Through aggressive dealmaking, he has spun his stake in Matra into a 15% share of EADS, which makes...
Other unlikely winners are emerging from equally unlikely venues. Riesling excels in New York's Finger Lakes region, where Konstantin Frank first planted European grape varieties in the 1950s. No one thought they would survive, much less thrive. Today Dr. Konstantin Frank's Rieslings are some of the best in the U.S. Thomas Jefferson, an aficionado of French wines, would have been proud of the Bordeaux-style reds produced by Virginia's Linden Vineyards. And last November three of Texas winemaker Becker Vineyard's products made Wine Spectator's list of the top 12 U.S. regional wines...
...Today, there are few living witnesses to the devastating effects of smoking opium, the resin of the same poppy plants from which heroin is derived. In the early 1950s, newly communist China took draconian steps to rid its population of addicts, but the vice lingered for another decade in the expatriate-Chinese communities of Southeast Asia. Thailand was the last place in the world with licensed opium dens. In 1959 those licenses were revoked; the Heng Lak Hung on Bangkok's Charoeng Krung Road?said to be the world's largest opium den, with more than 5,000 users...
...Inventing Japan ends abruptly in 1964, with a peaceful, prosperous Japan welcoming the world to the first Olympics in Asia. Buruma's point, made in a wistful epilogue, is that the country has been run the same way by the same people since the 1950s, when conservatives grabbed power with a "monomaniacal concentration on economic growth" intended to smother public debate on constitutional reform and foreign policy. But the implosion of the world's second-largest economy has now damaged that system beyond repair, and Buruma warns that despair and cynicism could again nudge the country in dangerous directions. Until...
...Watanabe), Belgium (Véronique Branquinho) and Britain (Alexander McQueen). The two cities squared off again in the fall collections that ended in Paris last week. They battled for dominion over most of the emerging trends that will sustain the industry in the coming months: new reinterpretations of staid 1950s and futuristic 1960s looks; geometric designs in black and white; and the very timely military look. So who won the latest bout? Here's one judge's scorecard. 1950s In the biggest trend for fall, Milan reigned supreme. Miuccia Prada went back to that prim and proper decade with boatneck...