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...While the outlook may be dim today, the slump won't last forever. "This is the time to be reinvesting money and upgrading the product," Rao says. With Asian economies expected to rebound more quickly than those in the West, the hotel industry in the region is expected to follow. Rao forecasts improvement will begin in the second half of 2009. "The moment there is cause for optimism, I think you'll see the whole thing turning around," says Rao. For a CEO with big plans, recovery can't come quickly enough...

Author: /time Magazine | Title: Room Boom | 2/19/2009 | See Source »

...world's most fertile ground for newspapers is also the most dangerous for reporters. In 2008, 26 Asian journalists were killed in the line of duty, according to the International Press Institute, making Asia even deadlier than the Middle East for the fourth estate. Some 54 Asian journalists are languishing behind bars, says media watchdog Reporters Without Borders. Those disheartening statistics underline, however, the importance of Asia's newspapers as a check on the excesses of power - something that should never go out of fashion...

Author: /time Magazine | Title: Newspapers in Asia: A Positive Story | 2/19/2009 | See Source »

...updating the story continuously with material that he'll take from anybody and everybody. "The Net has broken the newspapers' monopoly on production and distribution," says Pedersen. "You always find that the first photos after a big event come from ordinary people." The site discovered that after the Asian tsunami of 2004, when photos uploaded from the cell phones of survivors gave VG Nett its most striking images. Those photos helped drive the website's readership to an all-time high. Pedersen now has a dedicated phone line - 22 00, if you see anything interesting - to transfer photos automatically from...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

...Washington Obama's Diplomatic Globetrotters When it comes to foreign policy, the new Administration hasn't wasted much time. On her first trip outside the U.S. as Secretary of State, Hillary Clinton is hitting four Asian countries in an eight-day sprint--the latest high-profile figure to be the face of America abroad. (The President's first foreign destination: Canada...

Author: /time Magazine | Title: The World | 2/19/2009 | See Source »

...phone, though he rarely used it, preferring instead to walk to a friend’s room to chat. Chief Justice John G. Roberts and his blockmates often “judged” girls over his red phone, issuing his famous dissenting opinion in the case of Mediocre Asian Girl v. Learned Hand (1975). Mark Zuckerberg invented Facebook after too many girls hung up on him when he called to ask for their hometowns, dates of birth, and “favorite interests.” Most famously, while simultaneously dating two “cubanas?...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: Harvard’s Hidden Economic Drain | 2/18/2009 | See Source »

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