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...conceivable justification for this loophole. No one who benefits from it could possibly need the money. Why hasn't some private-equity billionaire taken this up as a cause, the way Bill Gates' father has taken up preserving the estate tax? What about Pete Peterson--a co-founder of Blackstone and longtime Cassandra about the national debt...

Author: /time Magazine | Title: Abracadabra for Sale | 3/22/2007 | See Source »

...plus a monthly fee of $19. But you get bulletproof documentation for legal and tax purposes and billing and collection services too. It will also restructure the loan if necessary. Such flexibility is hard to find at a bank "and really keeps a loan on track," says Asheesh Advani, founder of Circle Lending, who adds that proper documentation cuts the default rate by more than half--to about...

Author: /time Magazine | Title: A Loan at Home | 3/22/2007 | See Source »

...relaxed slate-blue suit and glasses, Kaldor appears more like a gentleman academic or architect. Yet in the dozen years since Puppy, the former Sydney textile magnate has fashioned for himself one of the more influential roles in contemporary art-and one with more bite than bark. As founder of Kaldor Art Projects and reigning commissioner for Australia's representation at the Venice Biennale, Kaldor is part impresario, part philanthropist. "John's role is more precisely defined as someone who is the visionary," explains Juliana Engberg, a curatorial advisor for Venice. He also happens to be just about the best...

Author: /time Magazine | Title: Impresario of the New | 3/22/2007 | See Source »

...founder of the open-source encyclopedia called Wikipedia is recruiting volunteer contributors from India to Japan, but collaboration comes with consequences. Jimmy Wales answers readers' questions...

Author: /time Magazine | Title: 10 Questions: Jimmy Wales | 3/21/2007 | See Source »

...Scottish spirit. But for a wee dram of something equally warming, stroll down to PLAISIR DU CHOCOLAT, about a 15-minute walk from Edinburgh Castle. The opulent Art Nouveau café at 251 Canongate offers up chocolate as it was meant to be: rich, flavorful and complex. Founder and master chocolatier Bertrand Espouy treats chocolate as sommeliers would wine, with an emphasis on origin, terroir and manufacture. The café window features a mouthwatering display of exquisite house-made pastries and cakes, and inside, diners choose from a menu of hot chocolate drinks categorized by country of origin and percentage...

Author: /time Magazine | Title: Hot Cocoa | 3/21/2007 | See Source »

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