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...island's superior beaches and cheap but professional hospitals, while Bali fans boast of the island's volcanoes and great surfing spots. Nevertheless, the business of vacation villas isn't a zero-sum game, largely because the members of the international jet set who dig Phuket are a breed apart from the culture vultures who flock to the Indonesian island. "People are usually either Bali people or Phuket people," says Dominique Gallmann, the Swiss-born director of Exotiq Real Estate, which has offices in both Thailand and Indonesia. "They attract different crowds, so the idea of the two islands fighting...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...Oceans Apart Despite the seeming similarities - balmy islands in Southeast Asia with international airports, abundant marine life and plenty of cafés serving espresso and freshly baked croissants - Bali and Phuket offer vastly different real estate experiences. First off, Bali is much cheaper than Phuket. Because the Indonesian island is so much larger than its Thai counterpart, Bali offers a wider diversity in terms of topography: verdant rice paddies, soaring volcanoes and several distinctive urban centers. The Indonesian island cherishes its deep cultural roots, with traditions interwoven into daily life, not manufactured for some cheesy ethnic show...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...Wednesday's activity reflected that measured concern dominating the ebullience that drove the previous two sessions. Apart from Tokyo's Nikkei - which ended the day 1.1% higher - bourses across Asia all slumped. Hong Kong's Hang Seng lost 5%, for example, following its 13% surge earlier in the week. Europe suffered similar shrinkage as London's FTSE 100 slipped 3.5% by noon, while Paris' CAC 40 and Frankfurt's Dax both shedded 3.1%. Some of that slippage, market analysts said, came from profit-taking on gains posted earlier in the week. But the major factor came from broader concern...

Author: /time Magazine | Title: World Markets Stabilize, but Recession Fears Grow | 10/15/2008 | See Source »

...Corsican exception apart, booing France's anthem has become an effective tactic for drawing attention away from the largely black and Arab faces that defend France's honor on the soccer field, and back to the communities from which they come in the decrepit housing projects surrounding the Stade de France and other suburban stadia. On Tuesday night, the protest carried a sharper edge, given the fact that the anthem was being sung by Franco-Tunisian R'n'B artist Laam, whose own childhood was marked by poverty and hardship...

Author: /time Magazine | Title: Booing the Marsellaise: A French Soccer Scandal | 10/15/2008 | See Source »

...success: "Michelle does seem to harbor a sense that things could have so easily gone wrong for her, just as they went wrong for some of the people she grew up with - a sense that if she doesn't work hard to hold it together, everything could still fall apart...

Author: /time Magazine | Title: Michelle Obama, A Life | 10/13/2008 | See Source »

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