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...Oceans Apart Despite the seeming similarities - balmy islands in Southeast Asia with international airports, abundant marine life and plenty of cafés serving espresso and freshly baked croissants - Bali and Phuket offer vastly different real estate experiences. First off, Bali is much cheaper than Phuket. Because the Indonesian island is so much larger than its Thai counterpart, Bali offers a wider diversity in terms of topography: verdant rice paddies, soaring volcanoes and several distinctive urban centers. The Indonesian island cherishes its deep cultural roots, with traditions interwoven into daily life, not manufactured for some cheesy ethnic show...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...everyone is so lucky. Recent industry research shows that falling purchasing power and consumer fear of a looming economic downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went bankrupt in the first half of 2008 alone. That wave of failure may well rise as newcomers to the sector who relied on credit to get started find themselves stretched to make their payments as revenues slump. "If I were 30, starting out with loans to reimburse...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...everyone is so lucky. Recent industry research shows that falling purchasing power and consumer fear of a looming downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went bankrupt in the first half of 2008. That wave of failure may well rise as newcomers who relied on credit to get started find themselves stretched to make their payments as revenues slump. "If I were 30, starting out with loans to reimburse, I'd be in big trouble," says Bonduel, relieved...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

Texas When news of the Wall Street bailout plan broke, coffee shops and courthouse-square cafés in the Lone Star State echoed with disgust for it. So great was the outrage that Chet Edwards - whom Speaker Nancy Pelosi once touted for Obama's Vice President - may be dogged by his yes vote on the campaign trail. Edwards, a popular Democratic incumbent in President George W. Bush's home district, was one of nine Representatives out of Texas' 32-person delegation to vote for the bill. (Even four of the five Texas Republicans whom Bush called personally voted against...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...that you I'm reading about?" asks Nguyen Van Dung's aunt, phoning from the U.S. Her nephew and I had just sat down in a Hanoi café to talk about Bong, a book about his life as a gay man in Vietnam, when she called his cell phone...

Author: /time Magazine | Title: Emerging From the Shadows | 9/24/2008 | See Source »

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