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A s the ranks of 'the rich grow, the way they live is changing. No longer rooted ta a city, club or even country, today's high fliers are best definedby their mobility.NEWSWEEK looks at their"global lifestyle and how it's transforming every- thing from fashion to architecture to the art market.
LIVINGTHE LlFE: Today'srich are moreglobalthan ever
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BLACKART:Whyalreadyexpansiveail is setta get avenpricier
WORLDAFFAIRS: Why Iran Is Driving ail Up by Christopher DickeyandMaziarBaharL 24 WIll We Hit $lOO?
by KarenLowryMiller 26 Let's Not Play the ail Game byRichardN.Haass 31 BRITAIN:New 'New Labour' byStrykerMcGuire"""""oOU 32
CHINA:Down on
the Farm by MelindaLiu and JonathanAnsfield 34 MEXICO:What China Threat?
byJosephContreras 36 TECHNOLOGY: The Internet Splits Up byRanaForoohar 38 BUSINESS:A Boeing of Asia?
byEmilyFlynnVencat 42
Mission: Possible?
byJohnnieL. Roberts GLOBAL INVESTOR:
How US. IPOs Lost Their Pop by
Henry Blodget SPECIAL REPORT:Going Places by
Rana ForooharKeeping in Touch
byChristianCaryl 66 A YearofCappuccino
byBarbieNadeau 68
Building Recognition , byCathleenMcGuigan 70
Behind Closed Doors
byOwenMatthews 78
Shaping the New Looks byEmilyFlynnVencat 80 Living atJet Speed
byJoshuaCooperRamo 88 MOVIES:Hollywood's
15 Most Wanted 90 GOOO LIFE TRAVEL: Sitting Pretty 99
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SUMMER FLiCKS: Depp's 'Pirates' sequelleads the way
OEPARTMENTS
PERISCOPE 4
PERSPECTIVES 6
WORLD VIEW:
AndrewMoravcsik 23
THE LASTWaRD:
EfraimHalevy l02
CUVER: Photograph by GORBIS.
Inset: Photograph by Dennis Scott-GaRaiS.
Vol.CXLVII,No.20. May15/May22, 2006@2006 byNEWSWEEK,Inc.,251West57th Street,NewYork,NY10019. PrintedbyRotoSmeets,Weert,Netherlands.Alirightsreserved.Registeredat the Post Officeasanewspaper.Copyrightunderthe InternationalCopyrightConvention.CopyrightreservedunderthePanAmericanConvention.Registeredin the PhilippinesPatentOffice.ln theU.S.A.:Postmaster:
sendaddresschangesta NEWSWEEKINTERNATIONAL,251West57thStreet,NewYork,NY10019;periodicalpostagepaidat NewYork,N.Y.,andat additionalmailingoffices.NEWSWEEKINTERNATIONALiswritten andeditedfor aworldwideaudienceandis publishedweekly,exceptoccasionallyIWoissuesarecombined!ntooneexpandedissuewhichcountsasIWosubscriptioncopies,in theU.K.byNEWSWEEK,Inc.
. (ISSN0163-7053). Taorderreprints(minimumorderrequired:500copies)or requestpermissionta republishaNEWSWEEKarticlepleasecali 1-212-445-4870 orfax1-212-445-5764. Dir.Resp.ltalia MarcoProvas!;rappr.IMDsri, viaG.dàVelate11-20162 Milano;aut.Trib.MIN.453 dei12/06/87 sped.Abb.Post.45%art.2 comma20/b Legge23/12/96 n. 662Milano;Repr.pourla France:E.M.D.
FranceS.A., B.P.1029-59011 LilleCedex-Tel03.20.30.03.02.LeDirecteurdela Publication:AlanF.Bone-C.P.P.A.P.No.0708 C83393. Cenumérocomprendunencartdedeuxpages(abonnement) situéentrelesfolios2 et 55. EditeurresponsablepourlaBelgique:FreddyDegroux,Youth& MediaLink,DeWittestraat2, B-2600Berchem.
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