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...little political significance, have been largely ignored. China established its first professional football league in 1994, following the example of European leagues. The system, however, never fully embraced the market values that made its European counterparts such a success. Although teams are sponsored by major companies like Samsung and Hyundai, they are still "owned" by their local football associations, which are government departments. (See pictures of China's sports schools...

Author: /time Magazine | Title: In Beijing Burbs, Chinese Soccer Gets Its Game On | 5/26/2009 | See Source »

...companies are trying to find the triggers they have to pull on in order to make people feel comfortable about spending money. The best example of that was Hyundai, which said you can return your car within a year if you lose your job and get a refund. That's a major change you will see in marketing. And then you will see companies start to build the very functional, practical dimensions of their brands. If you take Louis Vuitton as an example, they will say, "In the future, when you buy a Louis Vuitton bag, it's not just...

Author: /time Magazine | Title: How Shoppers Make Decisions in a Recession | 5/18/2009 | See Source »

...Other automakers are reacting. Suzuki India this week announced plans to launch a 660cc car for the domestic market but did not divulge the car's price. Renault, Toyota and Hyundai are also developing small cars for the low end of the Indian market, now defined by the Nano. Volkswagen is believed to have plans for a two-door, rear-engine car. "The Nano has opened a big market segment, and all the players will certainly push up their launches to attract those buyers fast," says...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

...bottom of the troll pond by Britain's Got Talent, these two humble, working-class, physically ill-favored souls were suddenly found to be capable of creating things of astonishing beauty. People reacted as if vast quantities of treasure were discovered in the trunk of a broken-down Hyundai abandoned on their street. It was always there, but nobody had ever bothered to look. Thanks to that grouchy Simon Cowell (and YouTube), the two amateur singers each became overnight sensations, bringing lumps to the throats and surreptitious wiping of the eyes to millions, including the show's judges. (See pictures...

Author: /time Magazine | Title: Susan Boyle: Not Quite Out of Nowhere | 4/23/2009 | See Source »

...This article contains a table. Please see hardcopy of magazine or PDF.] OLD LUXURY NEW LUXURY Dubai Shanghai Thomas Keller's Per Se Bobby Flay's Bobby's Burger Palace Bugatti Veyron Fbg par Hermès Prada Hyundai Genesis Valentino's Gstaad chalet Karl Lagerfeld's Vermont hideaway Nancy Gonzalez crocodile tote Tod's neoprene Pashmy Art Basel scoutingforart.com Alexander McQueen ready-to-wear McQ Alexander McQueen for Target DayJet's Eclipse500 air taxi service JetBlue's new terminal at J.F.K. International Airport Invitation-only Yellowstone Club resort 5-star Wynn Las Vegas offering $109/night specials Cr?...

Author: /time Magazine | Title: Luxury Goes Low-Key | 4/6/2009 | See Source »

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