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...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 »

...conduct its own inquiry. And at least one Illinois Democrat has asked the U.S. Senate to launch its own ethics investigation into Burris. Though Majority Leader Harry Reid is unlikely to take any action while state legislators are looking into the matter, the Senate Ethics Committee will likely begin a preliminary inquiry...

Author: /time Magazine | Title: Will Burris Be the Next to Fall in the Blago Scandal? | 2/18/2009 | See Source »

...limitations on what his reinforcements can achieve. "I am absolutely convinced that you cannot solve the problem of Afghanistan, the Taliban, the spread of extremism in that region solely through military means," he told an interviewer on Tuesday. But more troops are needed simply to arrest and begin to reverse a perilous slide in NATO's fortunes in Afghanistan. (See "Hidden Afghanistan...

Author: /time Magazine | Title: Obama's Yes-We-Can War: More Troops to Afghanistan | 2/18/2009 | See Source »

...decision to deploy our armed forces into harm's way." He has been personally writing letters to the families of each U.S. soldier killed in Afghanistan and Iraq, hand signing them "Barack." Such letters no doubt will become more difficult to write in the months ahead, when the casualties begin to include some of those he ordered into combat...

Author: /time Magazine | Title: Obama's Yes-We-Can War: More Troops to Afghanistan | 2/18/2009 | See Source »

...disobedience this Lunar New Year against authorities in other heavily Tibetan areas of China, like Qinghai, where around half of the country's 6 million ethnic Tibetans live. And with a probable boycott of Lunar New Year celebrations set to unfold inside Tibet, where the 15 days of festivities begin on Feb. 25 in accordance to the Tibetan lunar calendar, tension is likely to rise further. Even Chinese officials have said they can't rule out an outbreak of trouble, blaming the Dalai Lama for fomenting unrest. Tensions could peak closer to March 14, when the bloody demonstrations started last...

Author: /time Magazine | Title: In Protest, Tibetans Refuse to Celebrate New Year | 2/18/2009 | See Source »

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