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...decade ago, the 2.4-km stretch of Fifth Avenue that forms the western edge of the Park Slope neighborhood in Brooklyn, New York, was the grim preserve of drug dealers, thugs and the demimonde. Not anymore. Thanks to the city's skyrocketing real estate market, some campaigning locals and a few pioneering investors, a once bleak thoroughfare of boarded-up shops and unsavory bodegas has been transformed into one of the hippest shopping and dining destinations in the Big Apple. Today, this section of Fifth Avenue, dubbed "Restaurant Row" by some, is luring visitors and locals alike with top-notch...

Author: /time Magazine | Title: Park Life | 1/28/2006 | See Source »

...India, China, and other new markets join the world economy, "the integration of the four-fifths of the world where people are poor with the one-fifth of the world where people are rich has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution," Summers said, according to a summary posted on the forum's website...

Author: By Nicholas M. Ciarelli and Javier C. Hernandez, CRIMSON STAFF WRITERSS | Title: Summers Warns of Crisis Without Adjustments in Global Economy | 1/23/2006 | See Source »

...haven't seen any mechanics yet at the American Idol fifth-season auditions. But there was a dental assistant. And a deputy sheriff. Twinsseveral sets. A husky-voiced Ukrainian chanteuse desperate for a performers' visa. The inventor of the Cosmic Coaster, a floating beverage holder. ("Center it!" he coached judge Paula Abdul as she set her glass teetering on the contraption.) A white guy who said he flunked the audition because America is "prejudiced and racist." And "Flawless," a wispy-bearded dancer of limited talent who appeared to be a perfect candidate for the job of Britney Spears' eventual third...

Author: /time Magazine | Title: Beautiful Losers | 1/22/2006 | See Source »

Most shows in their fifth season have begun to flag in the ratings, and nearly every hit reality show has faltered this season. But American Idol pulled 35.5 million viewers, its biggest debut ever. What's more interesting than how much the audience has grown is where it has grown. As the show has aged, the audition episodes--weeks of oddballs, naïfs and some of the worst singers God ever cursed with larynges--have become the most popular...

Author: /time Magazine | Title: Beautiful Losers | 1/22/2006 | See Source »

...foreign bank on the mainland, with 20 outlets spread from Chengdu in the far west to Tianjin on the northeast coast. The bank has invested more than $4 billion since 2001 to buy stakes in Chinese financial institutions, including nearly 20% in both Bank of Communications, China's fifth largest bank, and Ping An Insurance, its second biggest life insurer. Compared with the same period in 2004, pretax profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign of its renewed influence in the Middle Kingdom, the bank resides today...

Author: /time Magazine | Title: banking: The Bank That Ate the World | 1/22/2006 | See Source »

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