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...sheer diversity of its exhibits. Any tourist in Bangkok would be familiar with the knockoff Rolex and Tag Heuer watches, the G-Star jeans, the Nike sneakers. But ripoff shampoo and candy? Toothpaste that might have been cobbled together in a grubby lab on the outskirts of Ho Chi Minh? Ballpoint pens? Staples? For a moment the guilt dissipates and I wonder why I've sacrificed an afternoon to a museum showcasing the most basic wares to be found in any stationery store. (I could, after all, be at Bangkok's Siriraj Medical Museum, where stands on display the preserved...

Author: /time Magazine | Title: Knock It Off: A Thai Museum for Counterfeit Goods | 6/8/2009 | See Source »

...President Lee Myung Bak agreed to join a U.S.-led effort to crack down on the proliferation of weapons of mass destruction. North Korea called Lee's decision tantamount to a declaration of war. "Many [South Koreans] now feel that the North has taken it too far," says Yoo Ho Yeol, a professor of North Korean studies at Korea University in Seoul. "They are feeling that there is only so much they can do, realistically, and are therefore experiencing a sense of great frustration and even, perhaps, the North Korea blues." (See pictures of the rise of Kim Jong...

Author: /time Magazine | Title: Why South Koreans Are Fed Up With Their Neighbor to the North | 6/8/2009 | See Source »

...Mirage opened the $1.25 billion MGM Grand Macau hotel and casino in 2007 in partnership with Pansy Ho, daughter of tycoon Stanley Ho, who held a monopoly on gaming in Macau for four decades and continues to operate casinos in the city today. In a filing with the U.S. Securities and Exchange Commission, MGM Mirage said that the New Jersey Division of Gaming Enforcement had deemed Pansy Ho an "unsuitable" partner after a four-year investigation. The agency recommended that MGM Mirage "be directed to disengage" itself from the joint venture. Company officials didn't reveal the reasons why regulators...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...statement, MGM Mirage - which operates the famed Bellagio hotel and casino in Las Vegas - said that "we disagree with the recommendation" and "we look forward to presenting our position." Pansy Ho in a statement said that "I and my advisers will need time to read and consider the contents of the report and decide how best to respond to it." The New Jersey commission is expected to hold a public hearing on the matter...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...quarter of 2009, a decline of almost 13% compared with the same period a year earlier; the number of visitors to the city dropped by nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown Entertainment, a Nasdaq-listed joint venture between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company, which operates Macau's Altira hotel and casino...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

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