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...Sure, discount stores tend to withstand downturns. But since the slowdown began, two of Primark's competitors - MK One and Select - have been restructured under creditor-appointed managers. What makes Primark different - and keeps customers interested - is a keen eye for fashion trends worthy of a more expensive retailer. Devotees call the store Primani or Pradamark in honor of its acute fashion sense. And hot styles are delivered with commendable speed. New products can take as little as six weeks to hit the hangers. Primark has bridged "the gap between sheer value and fast fashion," says Robert Clark of London...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

...like a good post-boomer, Conan got promoted only to discover that his baby-boomer predecessor is not so keen on retiring after all. Come Sept. 14, Jay, 59, starts his own talk show on NBC at 10 p.m. E.T., where it will compete for guest bookings and suck up media attention...

Author: /time Magazine | Title: Jay's Torch Passes to Conan, But He's Not Fading Away | 6/15/2009 | See Source »

...Russia may be keen to deter an entrenched American presence in its traditional sphere of influence, but is more muted about China's expanding role in the region. Resource-hungry Beijing has steadily made inroads west, tying up lucrative energy contracts in Kazakhstan, while committing tens of million dollars to infrastructure and hydropower projects in impoverished Kyrgyzstan and Tajikistan. China has also become the single largest investor in Afghanistan, building roads through Kabul and setting up a massive $3 billion copper mine. In 2001, China formed the Shanghai Cooperation Organization (SCO), a geo-political grouping aimed at improving economic...

Author: /time Magazine | Title: Could Central Asia Be the Next Flashpoint? | 6/15/2009 | See Source »

...despite Medvedev proclaiming it time for Moscow to step up to the challenge of stopping the violence in the North Caucasus, many observers think the Kremlin is keen to maintain the status quo. "This is the stability that the Kremlin wants," says the Carnegie Institute's Malashenko. "In Europe or anywhere else, the regular deaths of government workers in one region would not be classified as stability. The North Caucasus are not stable; they are just in a constant state of 'not war.'" And as long as they stay that way, the Kremlin seems happy to turn its back...

Author: /time Magazine | Title: Has Russia Lost Control of the North Caucasus? | 6/12/2009 | See Source »

...shop. The benevolence of billionaires helps. London club Chelsea, bankrolled by Russian oligarch Roman Abramovich, reportedly bid $74 million on June 9 for Atletico Madrid striker Sergio Aguero. Manchester City, owned by Sheik Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's royal family, is also keen to strengthen its squad. (See pictures of soccer's European championships...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

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