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...friend and I do not buy, but we nevertheless leave smug with satisfaction. As we walk past the chic businessmen and their stylish wives, we bask in our new revelation, having solved the eternally perplexing question of why Italians are always so well dressed...

Author: By Olivia M. Goldhill | Title: Bargain Hunting | 7/31/2009 | See Source »

...mass arrests in the New Jersey corruption scandal last week were big news - in Israel. Images of prominent rabbis and Jewish businessmen being cuffed and arrested after morning prayers filled the front pages under headlines trumpeting the discovery of the "Jewish laundry" used to bribe prominent New Jersey officials allegedly using Israeli charities. In particular, Israeli commentators seized on the connection between several of those arrested and prominent figures in Shas, the ultra-Orthodox Sephardi Torah Guardians Party, founded by the octogenarian Rabbi Ovadia Yosef, who remains its spiritual leader...

Author: /time Magazine | Title: Jersey's Corruption Scandal: The Israeli Connection | 7/28/2009 | See Source »

...think it was invented by Berezovsky somewhere in the '90s," he says dismissively, referring to Boris Berezovsky, the former oil and media magnate who prospered during Yelstin's rule but fled Russia facing accusations of fraud after Putin took charge. For most of that decade, between five and 10 businessmen (most notably Berezovsky, Mikhail Fridman, Mikhail Khodorkovsky, Vladimir Potanin and Vladimir Gusinsky) ruled Russia. Their power reached its height at Yeltsin's re-election as President in 1996 - the same oligarchs who financed Yeltsin's campaign went on to buy lucrative state assets at knock-down prices. When he took...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...firms to invest in a wide range of Taiwan industries for the first time. Now Ma wants to forge a "comprehensive economic framework" with Beijing that would give Taiwan companies easier access to the China market. San, the deputy minister, believes Taiwan's shared culture and language give its businessmen an advantage in China that could make a partnership between the two especially powerful. Taiwan "has a unique relationship with China that is totally different from other countries in Asia," San says. "Our policy is to allow our firms to fully explore such advantages. There is a very good chance...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...side to the dominance of the KDP and PUK in Kurdistan. Human-rights groups claim that the ruling parties use security issues as an excuse to jail and torture opponents and rivals. In addition, the parties' leaders control vast sectors of the region's economy, and foreign and local businessmen say it is nearly impossible to start a venture in Kurdistan without a silent partner from one of the two groups. Critics also say the parties use the allocation of jobs in schools, hospitals and government ministries as a way to enforce loyalty. And the region's few independent media...

Author: /time Magazine | Title: New Kurdish Party Could Destabilize Northern Iraq | 7/27/2009 | See Source »

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