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...crisis that threaten the Party's power. "On the outside, China's banks do look a lot more like normal Western commercial banks," says one investment bank analyst with a decade of experience in China. "But every single senior officer - right down to the manager of the smallest branch in Outer Mongolia - is a Party member. And when the Party says, 'Jump,' or 'We're all in trouble,' they say, 'How high?' It's that simple." The same rule applies to state owned enterprises, which still account for about a third...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

...dilemmas for us. We came out to Congo with a certain function - to reinforce the authority of the state. But now the [U.N. Security] Council will have to reconsider this. Events of the last two months have just run over [our mission]. The Congolese army needs root and branch reform, but security-sector reform is a long-term project. So how do we deal with the situation in the meantime? Protection is our mission. But if those we are protecting are also involved, it's a very difficult situation...

Author: /time Magazine | Title: What Kind of Peace Is There to Keep in Congo? | 11/24/2008 | See Source »

...rignon is set to flow as international revelers from Robert De Niro and Jean Paul Gaultier to Bollywood star Bipasha Basu gather to celebrate the grand opening of the Atlantis, a $1.5 billion, 1,500-room hotel resort that is over-the-top even by Dubai's standards. A branch of Kerzner's landmark resort in the Bahamas, the Atlantis features opulent rooms from $450 to $35,000 a night; restaurants by star chefs Nobu Matsuhisa, Giorgio Locatelli, Santi Santamaria and Michel Rostang; a giant aquarium containing 65,000 marine animals; and the Middle East's biggest theme park with...

Author: /time Magazine | Title: Grand Ambition in Dubai | 11/19/2008 | See Source »

...Brattle Street store, opened in 1979, was one of the chain’s first Boston-area establishments. While Crate & Barrel has no current plans to close its other Cambridge store on Mass. Ave, a fire ravaged its Back Bay outpost this past weekend, shutting that branch down indefinitely...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Crate & Barrel To Close | 11/19/2008 | See Source »

...recently, as manager of the Yokohama branch of a major Japanese nursing-care service company, Nakamura's enthusiasm has started to wane. His staff provides its elderly customers with 24-hour at-home care, helping them eat, bathe, and use the bathroom. On a busy day, each staff member makes home visits to seven or eight clients, driving to different neighborhoods to spend about 30 minutes at each home. It's hard work, and in the eight years that Nakamura has worked for the company, 30 employees have left. "People come with a dream but they quit," he says...

Author: /time Magazine | Title: Japan's Burdened Care Sector Looks Outwards for Help | 11/19/2008 | See Source »

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