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Others, like MGM Mirage, are in too deep. The few operating cranes in town are scattered among the 9,500 construction workers still crawling over CityCenter, an $8.4 billion, five-skyscraper, ultra-luxury project that is the largest privately financed development ever in the U.S. Although the company has managed to keep the project going through a desperate battle for financing deals with Dubai World, a number of people who signed up for condominiums are looking to bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...what to make of all that? The U.K. aside, better than anticipated activity holds the hope that Europe may be following the U.S. in seeming to climb out of its deep economic stupor faster than expected - however gingerly. The challenge now is to sustain that improvement. Initial data released state statistics agencies indicates both French and German export boosts primarily benefited from renewed activity in Asia, which itself is at risk of waning. (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: France and Germany Climb Out of Recession | 8/13/2009 | See Source »

...ended on Aug. 12, 2008, but the emotional and political conflict between Georgians and South Ossetians continues, even among members of the same family. In this intensely traditional and clan-oriented corner of the world, people find themselves pulled together by deep family ties but pushed apart by Russian propaganda that stirs hatred and sews misinformation. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: In South Ossetia, Families Remain Torn Apart | 8/13/2009 | See Source »

...wised up a bit and cut inventory levels to match the slack in demand. So while retailers may offer lean discounts, we're beyond the slash-and-burn era. "Consumers are going to see moderately priced value offerings," says George Whalin, president of Retail Management Consultants. "The really, really deep mark-downs aren't going to happen this year...

Author: /time Magazine | Title: Back-to-School Shopping Gets Lean And Mean | 8/12/2009 | See Source »

...spirited traveler, the safari itself is the key. Our adventure began after our twin-prop touched down at a remote bush landing strip at Kimanjo, deep in Laikipia. From there it was a Land Cruiser ride to our first camp, set beneath acacia and a vast sycamore fig. Here we met the troop in its full glory: 19 camels and 15 Samburu, Turkana and Masai tribesmen. The sense of joining an ancient caravan heading into the bush was heightened by the fact that there would be almost no contact with the outside world for several days...

Author: /time Magazine | Title: Camel Safari | 8/12/2009 | See Source »

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