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...decade, with middle-class lifestyles spreading beyond the big coastal cities such as Shanghai, Beijing and Guangzhou to smaller ones such as Xiamen and Wuxi. Across China, spending is already surging, with retail sales rising by 13.7% last year and 12.9% in 2005. Spending patterns are changing, too. Consumer demand is expanding to service industries as Chinese splash out on travel, sports and entertainment. According to HSBC research, middle-class Chinese consumers now dine out three times a week, belong to fitness clubs and travel for pleasure at least twice a year, albeit mostly within China. Mobile phones and personal...

Author: /time Magazine | Title: Raiding the Piggy Bank | 2/22/2007 | See Source »

...traffic is so lush that established carriers like British Airways, American, Continental and United have shifted some of their capacity to accommodate increasing corporate demand. And since landing slots in London's Heathrow are still heavily regulated by treaty, these legacy airlines have been collecting rent from premium passengers. A first-class round trip on the New York--London route of British Airways, for example, can cost upwards of $14,000; its Club World, or business class, about $9,600. Yet coach can be $500 for a round trip...

Author: /time Magazine | Title: The Battle for First Class | 2/22/2007 | See Source »

...feel some of the best writers are really uncomfortable sharing their work.” THE TIME MACHINEUnlike creative writing programs at other Ivies like Princeton, Brown, nd Columbia, Harvard’s has always existed under the auspices of the English department. The college first responded to the demand for creative writing in 1971 when the “Option III” course of instruction was added to the concentration. Few resources were dedicated to the program, which was only offered to English concentrators and admitted fewer than 20 percent of applicants.Even after the advent of Option...

Author: By Asli A. Bashir, CONTRIBUTING WRITER | Title: A Track of One’s Own | 2/21/2007 | See Source »

...years past, last September heralded a new crop of eager freshmen, short-lived enthusiasm for classes, and the renewed antics of the Student Labor Action Movement (SLAM). SLAM’s unceasing demand for more—higher wages, more vacation time, and, above all, stronger unions—may resonate with the new Democratic Congress’ agenda, but unions, like any other cartel, help their members only at the cost of the general public...

Author: By Piotr C. Brzezinski | Title: SLAMming The Unemployed | 2/16/2007 | See Source »

...potential to cause significant economic damage. Admirably truthful, the late union organizer Samuel Gompers explained his union’s goal as an unending battle: “We do want more, and when it becomes more, we shall still want more. And we shall never cease to demand more.” Unfortunately, the end result is that as unions grab for an ever greater slice of the pie, the pie itself shrinks, leaving only crumbs for consumers, non-union workers, and the unemployed...

Author: By Piotr C. Brzezinski | Title: SLAMming The Unemployed | 2/16/2007 | See Source »

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