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...That future's flagship is the Simon Bolivar Youth Orchestra, which is playing three sold-out concerts in the U.S. this week, including one at the Kennedy Center in Washington, D.C., on Monday night. It's a chance for American audiences to take in a glorious slice of Venezuela that hasn't been politicized on either side of the Caribbean. Although his government has funded and promoted the Simon Bolivar to a much greater extent than its predecessors, President Chávez has largely refrained from brandishing the orchestra as a propaganda tool of his "21st-century socialism...

Author: /time Magazine | Title: Venezuela's Famed Youth Orchestra Visits U.S. | 4/6/2009 | See Source »

...based in New York City, work directly with each design house. "We are actually helping a lot of designers, especially in these challenging times, because we are able to sell so much volume that our sales are meaningful to designers." So meaningful that a recent Hervé Léger sale sold out in 45 minutes. Indeed, since the November 2007 launch, membership has grown to more than half a million, with several thousand more joining daily. Meanwhile, revenues in the second half of 2008 were double those in the first half; the employee count has topped 100; and the site recently...

Author: /time Magazine | Title: Gilt-y Pleasures | 4/6/2009 | See Source »

...Last month AIG said it had paid out about $50 billion to various financial firms to which it had sold credit-default swaps, which are insurance contracts sold to bond investors and others. When a bond defaults, a holder of a CDS has the right to be reimbursed for the loss by the seller of the contract. AIG was one of the largest sellers of such contracts. Much of the credit insurance AIG sold was on mortgage bonds, which are backed by home loans. As more and more homeowners defaulted, many of those bonds plummeted in value, causing the holders...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...only Kurdish party in parliament constantly worries it will be forced to disband. But in other ways, change is happening. After years under a ban, the Kurdish language is flowering, the result of European Union-mandated reforms introduced in 2006. In Silopi, the same store that once secretly sold bootleg Kurdish tapes is now plastered with pictures of budding Kurdish stars. Language courses in the unofficial regional capital Diyarbakir are packed, writers' groups have sprouted and at the local theater, young actors are staging the city's first ever original Kurdish-language play (The Mutes). "Diyarbakir used...

Author: /time Magazine | Title: In Turkey, Signs of Change for the Kurds | 4/2/2009 | See Source »

...problem of fake relics goes well beyond bones. Throughout the 1980s and '90s, the Church of Jesus Christ of Latter-Day Saints was shaken by the exposure of forged documents related to its founding. The counterfeiter responsible for the fakes was a disgruntled Mormon missionary ... He created and sold titillating documents - including one that purported to show that LDS founder Joseph Smith practiced magic. In [Mark William] Hoffman's most notorious forgery, he presented Smith as a man visited not by an angel but by a giant white salamander...

Author: /time Magazine | Title: Rag and Bone: In Search of the Holy Dead | 4/2/2009 | See Source »

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