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With America's financial cathedrals crumbling around him, the billionaire mayor of its biggest city made a power play. Citing a desire to shepherd the country's economic hub through a period of crisis, Michael Bloomberg announced on Oct. 2 that he would ask the New York City Council to amend a 15-year-old law restricting Big Apple mayors to two terms in office. "We have planned for a slowdown in New York, but we may well be on the verge of a meltdown," he said by way of explanation. (See TIME's cover story on Michael Bloomberg here...
...business of Charlotte was always business. The city began as a trading post at the intersection of two Indian trails, hosted America's first gold rush and first mint, and later blossomed into a transportation and textile hub. Charlotte's white leaders agreed to desegregation relatively early, concluding that turmoil was bad for business. And local banks exploited North Carolina's liberal acquisition laws to build the conglomerates that now dominate headlines. Today Charlotte's nine FORTUNE 500 companies help run the city, not only by writing checks--Bank of America and Wachovia have pledged $15 million apiece to build...
...because of visa restrictions that kept out many tourists along with potential demonstrators - you can bet that Shanghai will give a warmer welcome to the world. After all, it was the influx of foreigners starting in the mid-19th century that turned a Chinese fishing town into the international hub of hedonism. And that's a status Shanghai isn't going to surrender to China's dowdier national capital without a fight...
...empty Olympics - because of visa restrictions that kept out many tourists, along with potential demonstrators - you can bet that Shanghai will give a warmer welcome to the world. After all, it was the influx of foreigners during the 19th century that turned a Chinese fishing town into the international hub of hedonism. And that's a status Shanghai isn't going to surrender to its dowdier national capital without a fight...
...exodus from Bensenville was spurred not by decay but by development. The suburb squats in the crosshairs of a $15 billion plan to ease gridlock at O'Hare, the world's second busiest hub, by adding more parallel runways. For the past three years, the O'Hare Modernization Program (OMP) has been gobbling up land in a 300-acre (120 hectare) "acquisition area" that comprises about 15% of the village. Ninety-five percent of the neighborhood's 542 homes are plastered with signs proclaiming them Chicago property...