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...Californias. Historically, there was the liberal north versus the conservative south. Since the days of Governors Pat Brown and Ronald Reagan, the clash has been between older, predominately Anglo voters, living in the suburbs and rural counties and largely voting Republican, and younger voters, more likely to be Asian or Latino or black or Middle Eastern, who are more prevalent in California's urban centers and hip suburbs and who predominantly support Democrats. As the state's population has become diverse and Anglo voters have seen their own children grow up and leave the public schools, there has been...

Author: /time Magazine | Title: How California's Fiscal Woes Began: A Crisis 30 Years in the Making | 7/1/2009 | See Source »

Hong Kong Disneyland - the beleaguered park that has drawn underwhelming reviews for its thin lineup of attractions - needed a lifeline. On Tuesday it got one, when the Hong Kong government and Walt Disney executives reached a deal to expand Disney's second Asian theme park over the next five years in an attempt to boost sales and stand up to competitors. (See pictures of theme parks in China...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

...Still, as the recession drags on, the odds are increasing that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

Once prohibitively expensive, places such as South Korea and Iceland have been transformed into bargain getaways. The weakening of South Korea's won helped the country attract 7% more tourists last year--a faster rise than that of any other Asian destination--and so far this year, 50% more Japanese tourists have visited. In Iceland, where the krona has fallen sharply, the nation is betting on increased arrivals: this summer Icelandair will open up new routes to nine cities in Europe and North America. And VisitBritain, the official U.K. tourism body, is running a $2.6 million ad campaign urging foreigners...

Author: /time Magazine | Title: The Vacation Recession | 6/29/2009 | See Source »

...Okada says he intends to steer Takarazuka toward more Asian stories, especially Chinese and Korean ones. "Not Christian, but Buddhist. Maybe even John Woo," he says. The mind strains to contemplate a Takarazuka production of something like Woo's historical epic Red Cliff. But you'd be amazed at what can be done with 400 women, gorgeously lit pastel scenery and a ton of glitter...

Author: /time Magazine | Title: Takarazuka: Putting On the Glitz In Japanese Theater | 6/29/2009 | See Source »

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