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...their first date, Barack and Michelle 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...

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

...that? You could start with the Metropolitan Museum. The nation's largest and wealthiest art museum is in no danger of disappearing. But having watched its mighty endowment shrink last year from $2.9 billion to $2.1 billion, its administrators decided a few months ago to cut staff 10%. The Met is not alone. Endowments have shrunk everywhere, and sizable budget cuts have been the rule at museums in Atlanta, Baltimore, Denver, Detroit, Indianapolis, Los Angeles, Philadelphia and San Diego. In February the 35-year-old Las Vegas Art Museum simply gave up and shut its doors for good...

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

...with China among the fattest of fat tails. American corporations may come to see China as a rival - meaning they'll be less likely to fight congressional crackdowns on trade. The U.S. investment banks that have been China's biggest boosters are not the powers they were two years ago. And in China, the troubles of the U.S. financial system have led to a growing mistrust of U.S. intentions and the American form of capitalism. The love affair was strange and overdone. The aftermath could be ugly...

Author: /time Magazine | Title: The End of the Big Business-China Love Affair | 6/8/2009 | See Source »

...recently as 20 years ago, some in the medical community were still using the male body as their research prototype and extrapolating for women. The approach, as summarized by Anne Drapkin Lyerly, an obstetrician and bioethicist at Duke University, was "If you happen to have boobs and a uterus, then we'll adjust things...

Author: /time Magazine | Title: The Risks (and Rewards) of Pills and Pregnancy | 6/8/2009 | See Source »

Three weeks ago, for instance, while regular surf shops around the country were struggling to stay afloat, Brewer's store sold 16 boards - which start at about $1,500 - in one day. "If I had opened a surf shop eight months ago, we would have been out of business right now, no doubt," he says. Instead, Brewer, who also works as a distributor, fields calls for paddleboards from kayak and surf shops all over the country. "They know that's the only thing they can sell right now," says Brewer, who compares the sport's skyrocketing trajectory to snowboarding, which...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

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