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...four-bedroom apartment on the top floor was reserved exclusively for co-founder Sir Malcolm McAlpine. Today, it's available to anyone - or rather, anyone who can spare $35,000 a night (and is thus not merely anyone but probably a rather grand someone). The amenities include 24-carat gold-plated bath fixtures, a fully equipped hairdressing station and carpets woven with 22-carat gold and silver threads. This is the most expensive place to stay in town - quite a superlative, given the sorts of prices the British capital is notorious...

Author: /time Magazine | Title: You Pay Your Money | 10/4/2007 | See Source »

...would have canceled proceedings and sent fans home. But this is football in the most football-crazy city in India: over 100,000 boisterous Calcuttans fill the divided sides of the stadium, one half festooned in the maroon and green of Mohun Bagan, the other in the red and gold of East Bengal. Firecrackers and smoke bombs exploding in the stands drown out the thunder of the monsoon above...

Author: /time Magazine | Title: Clash of the Titans | 10/4/2007 | See Source »

...Cambodia is hardly unique. As oil prices hit record levels, multinationals are hunting for black gold in ever more unlikely places, and many Southeast Asian nations now are eagerly exploring new fields. Yet few seem to realize that rather than miracles, oil often brings misery, including the massive graft witnessed in some petroleum-rich African and Middle Eastern states...

Author: /time Magazine | Title: Sucked into a Black Hole | 10/4/2007 | See Source »

...Some Southeast Asian governments seem to want to learn from the mistakes committed by other countries. East Timor has created a national petroleum fund to save revenues for future generations. Dili has also enlisted advisers from Norway, one of the best examples of putting black gold to good use, to manage its oil money. But noble intentions are not enough. East Timor NGOs worry that their country's oil laws are so vague that they open the door to mismanagement and skimming. A damning World Bank-Indonesia joint study earlier this year showed Indonesia was struggling to spend state funds...

Author: /time Magazine | Title: Sucked into a Black Hole | 10/4/2007 | See Source »

...first modern track-and-field athlete to win gold in four consecutive Olympics--only Carl Lewis has since accomplished that feat--but Al Oerter, the discus-throwing sensation of the 1950s and '60s, was decidedly low-tech. (A favorite training tool was a flip book that showed the movements of a hurler.) He won first place in the Games of 1956, '60, '64 and '68, in each case competing and setting Olympic records despite injuries. "These are the Olympics," he said. "You die before you quit." Oerter was 71 and died of heart failure...

Author: /time Magazine | Title: Milestones Oct. 15, 2007 | 10/4/2007 | See Source »

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