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...average less than $1,000 a year per cardholder. By Western standards, Chinese consumers simply have not yet begun to spend. As a result, "less than a handful of these new [malls] will meet expectations," Parker says. "China's most important cities are literally littered with spaces that are dark and underperforming." Statistics detailing nationwide vacancy rates for retail centers are hard to find, but in the economic powerhouses of Beijing and Shanghai, rates hover around 8%, according to real estate firm Jones Lang LaSalle. That's twice as high as rates in the strongest U.S. markets; in Singapore, less...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...realized that there were a lot of things I had forgotten about. In order to write this book, I had to be in that very dark place. [Pauses] Writing this book meant spending a lot of time being back there...

Author: /time Magazine | Title: How to Handle a Medical Crisis | 7/11/2007 | See Source »

Outside, male students are battling the rangers. "Emergency!" the seminary's headmistress, Umma Hassan, declares, and she leaps to her feet. Students and teachers don battle gear over their tunics and pants: dark, floor-length robes and headscarves that show only their eyes. Stout bamboo staffs appear out of nowhere. A Sten gun flashes from beneath Hassan's robe...

Author: /time Magazine | Title: Postcard From Islamabad | 7/5/2007 | See Source »

...chose dark beer, my absolute favorite, from their impressive stock. But I haven't gotten high for more than a quarter-century; it was an open question whether I would react that way. So after an interview with a staff psychiatrist to make sure I would be able to handle it if I experienced a craving, I was fitted with a tube that carried beer aroma from a vaporizer into my nose. I was then slid into the machine to inhale that still familiar odor while the fMRI did its work...

Author: /time Magazine | Title: How We Get Addicted | 7/5/2007 | See Source »

...just freshly downed an enormous and rather eclectic meal of grilled lamb, unfrozen peas, two small peanut butter sandwiches on walnut bread, four cheese puffs, two squares of hazelnut-studded dark chocolate, one glass of red wine, and royal mint jelly. Tonight’s dinner menu, alarming enough as a solitary incident, is actually one in a long string of elaborate and unlikely meals I’ve indulged in these last three weeks: despite the occasional visit to the library, I’ve done nothing this summer in New York—the city...

Author: By Grace Tiao | Title: Leftover Guilt | 7/5/2007 | See Source »

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