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...government issued new licenses in 2002. Lawrence and sister Pansy both started working in the family business but struck out on their own after the market opened up - in competition with their father. Pansy teamed with Vegas firm MGM Mirage to develop casino-hotels in Macau, opening the MGM Grand Macau in 2007. Stanley and Lawrence founded Melco Crown as part of a joint venture with Australia's Publishing and Broadcasting Ltd., founded by the late billionaire Kerry Packer. (Kerry's son James is now co-chairman of Melco Crown.) Citing a conflict of interest, Stanley later left the operation...

Author: /time Magazine | Title: Chip off the Old Block | 9/4/2008 | See Source »

...second half of 2008 due to local government efforts to cool Macau's overheating economy. The slowdown could come as several major new projects are launching. Early next year, Melco Crown will open the City of Dreams, a $2.3 billion megaresort that boasts several hotels (including a Grand Hyatt and a Hard Rock Hotel), a 2,000-seat theater, a shopping mall and a 550-table casino...

Author: /time Magazine | Title: Chip off the Old Block | 9/4/2008 | See Source »

Over Labor day weekend, thousands of foodies flooded a special farmers' market set up by Slow Food Nation in San Francisco's grand Civic Center. But the gourmands who showed up eager to fill their baskets with dry-farmed Early Girl tomatoes and muslin-wrapped Cheddar cheeses might have been surprised to find that the first event of the conference wasn't a seminar on artisan bread but an earnest panel on the global crisis of rising food prices. Slow Food--the anti-fast-food, anti-industrial-agriculture movement launched in 1986 by a left-wing Italian journalist--too often...

Author: /time Magazine | Title: Can Slow Food Feed the World? | 9/4/2008 | See Source »

...easy to write fiction inspired by current events, especially if those events involve politics. The stage is too grand, the spotlight too bright. Our public life already is ridiculously flagrant, far too obvious and overwrought for good fiction. And so, all too often, political novels descend from satire into cheap farce. Such books can be entertaining and sometimes cathartic but usually not very nourishing. American Wife is something else entirely - the opposite of a political satire, in fact - with a languorous pace and a fierce literary integrity: Alice and Charlie are complete creations, unique in their humanity - Alice especially...

Author: /time Magazine | Title: Klein on the Fictional Laura Bush | 9/3/2008 | See Source »

...Bush as President. One hundred years from now, historians will scratch their heads and ask themselves the same question that plagues Alice Blackwell: How did this amiable but feckless man ever get to be President? Curtis Sittenfeld has provided a plausible secret history of an American embarrassment - and a grand entertainment...

Author: /time Magazine | Title: Klein on the Fictional Laura Bush | 9/3/2008 | See Source »

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