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...only half of what New Moon, the second episode in The Twilight Saga, did a month ago in its first weekend. Indeed, New Moon earned the same as Avatar's entire weekend take in its first Fri. night. (See 10 things you need to know for Avatar's opening day...

Author: /time Magazine | Title: Snow Job for the Avatar Opening? | 12/21/2009 | See Source »

Fonseka has spent nearly 40 years as a soldier. He joined the Army at the age of 19, and he will turn 59 on Dec. 18, the day his campaign officially begins. The same year that Fonseka joined the Army, Rajapaksa won his first election to Parliament. A shrewd, brash career politician, Rajapaksa made eliminating the LTTE, an armed separatist group, the all-consuming mission of his four years in office. Since the collapse of the Tigers, Colombo has been full of enormous cut-outs of the president, congratulating him on his victory. Rajapaksa called early elections to capitalize...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

Even that almost wasn't enough. The company owed a $200 million payment to CityCenter's contractor, Perini Construction. It was due on a Friday in March. Murren spent that day on a conference call with the company's banks, trying to persuade them to lend MGM the funds until it could resolve its problems with Dubai. Murren could promise them nothing. "We don't know the outcome of CityCenter. We don't know how we're going to get there...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

...Zhanna Ozhimina denied the move was linked to the Magnitsky case, saying that Mikhalkin had stepped down because of his age. But Hermitage says Mikhalkin may have been fired because he had signed off on documents used in the seizure of its subsidiaries. (See pictures of Russia celebrating Victory Day...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

...taking the problem seriously. The State Council, China's cabinet, is planning to change the existing law, the Guangzhou-based Southern Metropolis Daily reported this week. Wang and other scholars say the need is urgent. "The revision of the existing housing demolition regulation should not be delayed for another day," he says. "The central government, which has been extremely wary of instability in society, has also come to realize the high political risks caused by the existing regulation." So far the government hasn't outlined the proposed changes, or when they might go into effect. That means that China...

Author: /time Magazine | Title: China's Property Wars: Fighting Fire with Real Fire | 12/18/2009 | See Source »

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