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...better part of five decades, former Laotian President Nouhak Phoumsavanh held the second highest position in what is now Laos' ruling communist organization, the Lao People's Revolutionary Party. He first became involved with the group in 1945, when Laos was still under French rule, and later represented a Laotian communist organization at the 1954 conference in Geneva that ultimately resulted in independence for his homeland. Toward the end of his long tenure in government, he succeeded President Kaysone Phomvihan when he died in 1992. Nouhak, who was President through 1998, died...

Author: /time Magazine | Title: Milestones | 9/18/2008 | See Source »

...Poor The burden of skyrocketing inflation; the food and fuel crises caused by the policies of greedy, incompetent politicos and dictators; the ever widening gaps between the rich and the hardworking common people are a curse not only in India but the world over - including in so-called communist countries like China, with their cheap slave labor [Aug. 25]. Maybe in the future the world will get accountable, secular democracies, and the U.S. and U.K. will lead the world as role models. Until then, the world must suffer from the sins of profiteers. Vijay Bansal, WARRINGTON, ENGLAND...

Author: /time Magazine | Title: McCain: Temper of the Times | 9/17/2008 | See Source »

...foreign direct investment that flows into China comes through here. Fashion houses, banks and law firms gravitate first to Shanghai, not Beijing. Still, the last couple of years have not been kind to the city. A cancerous corruption scandal, uncovered by the overlords in Beijing, claimed Shanghai's Communist Party boss and a substantial portion of the city's ruling elite. Shanghai's benchmark stock index has plunged to its lowest point since late 2006, and even the Japanese developer of the Shanghai World Financial Center admits that a real-estate slide has affected tenancy, with just...

Author: /time Magazine | Title: Shanghai: After Beijing Games, Back in the Spotlight | 9/17/2008 | See Source »

...October's annual Millionaire Fair, where the moneyed classes can pick up everything from a gold-plated toilet to a private jet, has been rebranded simply as The Fair. But the metropolis still thrums with a determined decadence, a stance borne of having to hibernate during the height of communist fervor. Practically everywhere you look in the historic French Concession, local entrepreneurs are hawking designer T-shirts or handmade ceramics in tiny yet terribly hip spaces carved out of old lane-houses. This year, several luxury hotels will open their doors in Shanghai, including one run by the Jumeirah Group...

Author: /time Magazine | Title: Shanghai: After Beijing Games, Back in the Spotlight | 9/17/2008 | See Source »

...Victims' organizations don't see the joke: They reacted furiously when the pub, situated only yards away from the large gray building complex that used to house the Stasi, opened last month. The Union of Organizations for the Victims of Communist Oppression called for a boycott of the bar, warning that it would "negate the suffering of thousands of former political prisoners or victims of persecution" by turning it into a "fun factor" in order to make profit. Owner Wolfgang Schmelz, not unhappy with the publicity generated by the controversy, dismisses the accusations. "Nothing is being trivialized here, no victims...

Author: /time Magazine | Title: Raising a Glass to East Germany | 9/9/2008 | See Source »

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