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...preeminent financial center is assured. Singapore in recent years has boosted its banking sector. Shanghai is booming. And even Seoul aspires to be a financial hub. Faced with these long-term competitive threats, Hong Kong's leaders are laying the groundwork for even closer links with China. In August, a local think tank with ties to the city's top political leadership released a proposal for increasing economic integration with Shenzhen, the Chinese boomtown located next to Hong Kong. A mere fishing village when it was designated, in 1979, as the hothouse of China's economic reforms, Shenzhen...

Author: /time Magazine | Title: Beijing's Brokers | 1/17/2008 | See Source »

Obama himself acknowledged this problem in a speech last August to the National Association of Black Journalists. But pressure is mounting on Obama to accentuate his blackness and show that he has not forsaken his adopted racial roots. Some will claim that it is good politics for him to do so because the South Carolina primary features a Democratic Party electorate that is 50% African American. Another source of pressure comes from old-school civil rights activists suddenly facing eclipse, such as Jesse Jackson and Al Sharpton...

Author: /time Magazine | Title: The Right Shade of Black | 1/17/2008 | See Source »

...Then comes the 21-state vote on Feb. 5, where some, but not all, of the states award their delegates on a proportional basis. Depending on who wins what, all that could prolong the search for a winner, raising the possibility that the party might enter its August convention with no candidate having captured a majority of the delegates...

Author: /time Magazine | Title: Can the Economy Save Mitt Romney? | 1/17/2008 | See Source »

Saturday's vote may also hail the end to the political deadlock that started last August when the main Sunni Arab bloc pulled out of Shi'ite Prime Minister Nouri al-Maliki's government. On Monday a main Sunni bloc said it was prepared to return to Maliki's government, largely as a result of the vote on Saturday. But certain demands remain in place. Chief among them is the release of detainees...

Author: /time Magazine | Title: In Iraq, A Sunni-Shi'ite Detente? | 1/14/2008 | See Source »

...slam (taking all four of tennis's major singles titles - the Australian Open, the French Open, Wimbledon and the U.S Open - in the same year). No other male player of the Open era has managed the feat. Laver, who suffered a stroke 10 years ago, will turn 70 in August and has lived in California since 1966. On the eve of the Australian Open, he gave a rare interview from his home in Carlsbad to TIME's Daniel Williams...

Author: /time Magazine | Title: Legend Rod Laver on Tennis Today | 1/13/2008 | See Source »

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