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...Macau last year. Fueled by punters from mainland China, it has surpassed the Las Vegas strip as the world's biggest gambling center. The territory has also been dragged into the current standoff between North Korea and the U.S. The U.S. Treasury Department has named Macau's Banco Delta Asia a "willing pawn" in money laundering for Pyongyang, prompting the territory's regulators to freeze $24 million in North Korean funds held by the bank. Amid that crackdown it may have been a bit embarrassing for a potential heir of the nuclear-armed hermit kingdom's ruler...

Author: /time Magazine | Title: The Big Search for Lil' Kim | 2/5/2007 | See Source »

...Pyongyang knows a cave-in when it sees one. They brushed aside the "early harvest" proposal as inadequate, demanding still more before they would listen to new denuclearization offers-specifically, the release of $24 million of Pyongyang's funds currently frozen in Macau's Banco Delta Asia on suspicion of North Korean complicity in counterfeiting U.S. currency. Pyongyang's obsession over the past year with repocketing its Macau bag money-a paramount issue on its foreign agenda ever since the accounts were impounded in 2005 by Macau banking authorities under U.S. Treasury scrutiny-is easily explained. Since the North...

Author: /time Magazine | Title: Viewpoint: Talking Only Makes it Worse | 1/25/2007 | See Source »

...early 2004, Reid, the former president of Delta, took over and soon two U.S. investors had ponied up $89 million in funding. Through a holding company, Branson kept a sizable stake--which old-line carriers like Continental and their labor unions have argued equates to foreign control...

Author: /time Magazine | Title: Flight Delayed at Virgin | 1/18/2007 | See Source »

...Already, there are voices in Africa warning China that it is acting just like the white imperialists of old. In the Zambian city of Kabwe, where the Chinese own a manganese smelter, the local shops are stocked with Chinese-made clothes rather than local ones. In the oil-rich delta region of Nigeria, where Chinese rigs have a reputation for poor safety and employment practices, a militia group recently warned the Chinese they would be targeted for attack unless they changed their ways...

Author: /time Magazine | Title: China Takes on the World | 1/11/2007 | See Source »

...consciousness of those lucky to have been part of what Dylan has given us. But these ones come from equally interesting places, from all the musical, literary and other traditions to which the genius of Dylan has cosied up over the decades, from Civil War America, from the Delta and Atlanta blues of the 1930’s, from poems and melody “from many moons ago,” to use his words. The last line of its last song is even borrowed from the exile poetry of Ovid, 2000 years of moons ago, as that poet?...

Author: By The crimson arts staff , CRIMSON STAFF WRITER | Title: Celebrity Lists | 12/14/2006 | See Source »

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