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...adopted son, Hawaiian-born President Barack Obama - is a surfer, although it's hard to imagine him ever taking to the shores of Lake Michigan. The city's beaches have more than a century's worth of history. In the 1890s, a group of prominent Chicagoans, including doctors and businessmen, lobbied for the creation of public beaches along Lake Michigan, in part so working-class residents would have access to clean bathing water. In 1913 the beaches became the site of controversy when women's rights activists used them to protest the legally mandated but voluminous "swimming costumes" - one woman...

Author: /time Magazine | Title: No Ocean, but Chicago Moves to Legalize Surfing | 6/13/2009 | See Source »

...snickered. "That stuff has gone on all the time. When he said it was a computer glitch - ha-ha - I nearly fell off my chair," said Randy Phillips, CEO of AEG Live, the country's second largest concert promoter. "I could not believe it. I mean, these are sophisticated businessmen - my God, a computer glitch?" Not surprisingly, Phillips opposes the merger and has even suggested he may cancel his seven-year contract with Ticketmaster if the deal goes through...

Author: /time Magazine | Title: Ticketmaster, Live Nation: Obama's Antitrust Test | 6/10/2009 | See Source »

...polyurethane on a student’s desk is no more or less important than the books on it. The vast majority of Harvard students will spend their lives toiling with their minds. We will find employment as professors, lawyers, businessmen, authors, artists, and politicians. We should remember that these professions are still crafts; they are still assemblies of knowledge which have been passed down through generations in order to express the constructive urge that makes humanity special. Harvard, after all, is a trade school for the craft of thinking, and its students are no more than a privileged class...

Author: By Garrett G.D. Nelson | Title: Thinking is Craftwork | 6/2/2009 | See Source »

...Fruit Taiwan Corp., says the time to transport his pineapples and other produce to Shanghai from Taiwan has been cut from seven days to three, which means more time on Chinese store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge in Taiwan's stock market this year, making it one of the best...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...sure, the two stock market slumps in 2006 and 2008 created negative wealth effects. High-net-worth businessmen have been hit by the current global financial crisis. But there is no doubt that the macroeconomic picture is solid and healthy. Over the next five years Saudi Arabia has outlined a $400 billion spending program. In a decade or thereabouts, Saudi Arabia will become a $1 trillion economy and will be better placed than the rest in the region to capitalize on its knowledge and strengths. During the boom years, some critics said Saudi Arabia should become more like Dubai...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

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