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...latest victim of the financial crisis: baby boomers' retirement. With plunging stock values and tanking home prices, an increasing number of boomers approaching retirement age are postponing travel plans and staying on the job longer. According to a study in October by AARP, 65% of people over the age of 45 say they will delay retirement if the economic situation doesn't improve significantly. Since that survey was published, stocks have sunk lower and the economy has formally entered into recession...

Author: /time Magazine | Title: Financial Woes Force Boomers to Work Longer. That's Good | 11/18/2008 | See Source »

Mark Cuban is probably the most bombastic man in the NBA - racking up massive fines for shouting at referees from his perch as owner of the Dallas Mavericks - so it's a pretty safe bet he'll face his latest adversaries with gusto. Only this time, it's the Securities and Exchange Commission he'll be fending off. Cuban, who co-founded Broadcast.com and sold it to Yahoo! for billions, was charged on Nov. 17 with insider trading, accused of using non-public information to avoid losing $750,000 on a 2004 stock sale. Cuban has denied the charges, saying...

Author: /time Magazine | Title: Dallas Mavericks Owner Mark Cuban | 11/18/2008 | See Source »

Giorgio Armani knows a thing or two about the jet-set lifestyle, so it makes perfect sense that his latest accessory venture is the Luxury Traveller Collection, with chic matching luggage sets reminiscent of a bygone era of travel...

Author: /time Magazine | Title: Trend | 11/17/2008 | See Source »

...Philippe Starck designed the Royalton Hotel, there were lamps that resembled animal horns and a champagne bar shaped like the inside of a bottle. "In the '80s, the boutique hotel was about design," says Starck. "Today we want something completely different. We don't speak about design." Starck's latest endeavor is SLS Hotels, a new brand meant to "re-explode" the luxury-hotel experience. The first property, SLS Hotel at Beverly Hills, opens next month. Rather than the flashy design motifs of the past, the emphasis is on quieter indulgences. Design retailer Murray Moss will select objects to display...

Author: /time Magazine | Title: Starck's New Reality | 11/17/2008 | See Source »

...trend of the latest voting count continues - Coleman initially led by 725 votes, but that dwindled to just over 200 votes - Franken may be in the more favorable position. A recently completed Dartmouth study of the race argued that the roughly 34,000 residual votes - defined as undervotes, in which a ballot has not been fully filled out; or overvotes, in which more choices than were allowed were selected - could decide the election for Franken, because those votes are historically cast primarily by left-leaning voters. "With the voter who tends to pull the lever for Democrats, there...

Author: /time Magazine | Title: Coleman and Franken: Fighting over the Minnesota Recount | 11/17/2008 | See Source »

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