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...account for three-quarters of the government's revenues. The industry has grown so rapidly, it is even stunting the development of other sectors by vacuuming up the best talent. Says Lawrence Ho, CEO of Melco Crown Entertainment, one of Macau's casino operators: "When one sector grows so fast, the rest of the sectors can't catch...

Author: /time Magazine | Title: Split Personality | 7/31/2008 | See Source »

Bennigan's failed a few days after the state of California banned trans fats, so it's tempting to blame its demise on an antiobesity backlash. But fast-food joints are doing fine. The real problem is that middle-class families are struggling, and food prices are soaring. In good times, a trip to the local Outback or Olive Garden could be part of the family routine; with gas prices near $4 a gallon, it's become a special occasion...

Author: /time Magazine | Title: The Moment | 7/31/2008 | See Source »

BERNARD PARKS, Los Angeles city councilman, after the council approved a yearlong moratorium on new fast-food restaurants in South...

Author: /time Magazine | Title: Verbatim | 7/31/2008 | See Source »

California Restaurant Association spokesman ANDREW CASANA, saying fast-food chains like McDonald's offer healthy alternatives--and people choose not to eat them...

Author: /time Magazine | Title: Verbatim | 7/31/2008 | See Source »

...amid a drop in naval patrols and a boom in international trade following the end of the cold war, it has flourished anew--particularly in narrow choke points such as Asia's Strait of Malacca and the Gulf of Aden, which links the Red and Arabian seas. Buoyed by fast boats, fearsome weaponry and high-tech communications gear, pirates carried off 263 reported heists in 2007--28% of which occurred in the lawless waters off Nigeria and Somalia. With its vast coastline and crippled government, Somalia is especially pirate-infested. Despite a June U.N. resolution that lets naval allies surveil...

Author: /time Magazine | Title: A Brief History Of: Pirates | 7/31/2008 | See Source »

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