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...Gaming revenues fell to $3.3 billion in the first quarter of 2009, a decline of almost 13% compared with the same period a year earlier; the number of visitors to the city dropped by nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown Entertainment, a Nasdaq-listed joint venture between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...cork or not to cork: that is the question in the French winemaking region of Champagne, ever since the unveiling earlier this month of a gutsy new Champagne stopper prototype. The Maestro opening system, developed by Alcan Packaging Capsules, is composed of a concealed crown bottle cap fitted with an aluminum lever. It's far easier to use than a conventional stopper - no struggling to hold the heavy bottle as you twist, no worrying that you'll take someone's eye out with the cork - but it still delivers that satisfying pop upon opening. It's a minirevolution...

Author: /time Magazine | Title: Is the Party Over for the Champagne Cork? | 5/17/2009 | See Source »

...opened in 2004, the statue itself has been off-limits since the Twin Towers fell barely two miles away. Last week Interior Secretary Ken Salazar announced that, beginning July 4, 2009, intrepid tourists would again be welcomed into the statue and up the 168 narrow, twisting steps to the crown and its breathtaking views of New York Harbor...

Author: /time Magazine | Title: The Statue of Liberty | 5/12/2009 | See Source »

...wasn't always clear the statue's crown would one day re-open, either. The monument's designers never intended to have visitors inside, and the hot interior meets no fire codes and offers no emergency exit other than a single steep, vertigo-inducing staircase. But in the years since Sept. 11, New York's political leaders pushed relentlessly to open the crown and its 25 windows to the public. "It probably isn't completely safe to have everyone go up, in any numbers, at any time," Rep. Anthony Weiner conceded to the New York Times earlier this year...

Author: /time Magazine | Title: The Statue of Liberty | 5/12/2009 | See Source »

...Reviewing Orlando in TIME, I lauded Swinton as "the pearl and perfection of any gender. Her poise and gravity, and the drama of her pale face under a crown of red hair, could mark her as this generation's russet Redgrave." Anyone who saw her made the comparison to an actress of similar height, looks, talent, famous family and attachment to left-wing causes - and who won an Oscar for another movie called Julia. Yet Vanessa Redgrave, behind her imposing facade, always suggested the shy vulnerability of a little girl lost, Swinton radiates a self-confidence that is commanding...

Author: /time Magazine | Title: Why Tilda Swinton is the Queen of the Indies | 5/10/2009 | See Source »

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