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...Games are over. And in any case, it's increasingly obvious that as the capital's creative sectors bloom, so does the ability of those working in them to circumvent or ignore the rules. That has helped shape a second city hidden under the bland façade of broad boulevards and marbled ministries, argues Hu Xudong, a noted poet, columnist and professor of literature at Peking University. "Underneath the official Beijing we have another Beijing that's more like Latin America than China," he says. The city's other art scenes are supercharged as well. "Ninety percent of China...

Author: /time Magazine | Title: Beijing's Revolution | 7/17/2008 | See Source »

...asking to see records of all accounts - the first time such a broad legal tactic has been used on an international bank. That puts UBS in another bind, because Swiss banking laws, in most cases, require that secrecy be preserved...

Author: /time Magazine | Title: Cracking Down on Tax Evaders | 7/16/2008 | See Source »

...through for six months without any government at all; many hardly noticed. A new government was formed in December, but it was only an interim administration. It wasn't until March that the winner of the 2007 elections, Flemish center-right leader Yves Leterme, became Prime Minister of a broad coalition government...

Author: /time Magazine | Title: Mission Impossible: Leading Belgium | 7/16/2008 | See Source »

...nuclear disarmament: the plan for a verification program that would give the outside world confidence that North Korean dictator Kim Jong Il is abiding by his word to stand down his nukes. On Saturday, China's delegate to the talks announced that Pyongyang had in fact agreed to the broad outlines of a deal to let international inspectors visit North Korean nuclear sites, review documents and interview technical personnel. The North also said it would allow the U.N.'s International Atomic Energy Agency to be part of the verification team, even though in 2003 Pyongyang pulled out of the nuclear...

Author: /time Magazine | Title: A Korean Killing with Terrible Timing | 7/13/2008 | See Source »

...real loss in Toyako was the chance to fully enlist big developing nations like China and India in the fight against climate change. In the weeks leading up to the summit, these countries indicated that they would be amenable to broad, long-term emissions reductions?provided that rich nations agreed to their own short-term cuts. The U.S. (along with Canada and Australia) nixed the idea, and so the developing nations conspicuously did not agree to the G-8's 2050 target...

Author: /time Magazine | Title: Too Little, Too Late. | 7/10/2008 | See Source »

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