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...colony's status under the dictum of "one country, two systems." China itself, strangely enough, is ranked Number 120, and deemed "mostly unfree." Beijing investors, evidently, have much to learn from their brothers to the south: like the thrill of watching the bottom drop out of the Hang Seng index, for example...

Author: /time Magazine | Title: Land of the Free | 12/1/1997 | See Source »

...vestiges of the pre-perestroika era remained on Saturday. Upon check-in, you were issued an index card that was either pink and read EXAM in Magic Marker or was purple and tagged COLLECTION. Then, despite the fact that the place was crawling with agents, you were directed to wait your turn in a row of empty chairs. When your name was called, you were passed through a metal detector and ferried upstairs to an undecorated 6-by-6 cubicle. There you met the agent who would pore over dot-matrix printouts of your financial woes...

Author: /time Magazine | Title: WE WORK FOR YOU! | 11/24/1997 | See Source »

...were so pleased to see Garrison Keillor's fabulous piece on Murray's restaurant in Minneapolis, Minn. [ESSAY, Oct. 13], which referred to our magic and elegance. Unfortunately, the blurb on Time's index page indicated that Keillor was writing about a "landmark restaurant closing." Though we are a landmark restaurant, we certainly are not closing, nor did Keillor's Essay say so. Please let your readers know we are open and intend to stay in business for at least another 50 years. Come visit us! LINDA LINDQUIST, Marketing Manager Murray's Minneapolis, Minn...

Author: /time Magazine | Title: Letters: Nov. 17, 1997 | 11/17/1997 | See Source »

...Nikkei 225 index staged a dramatic turnaround from Friday's 2.2 percent loss, coming back Monday with a surge of 1200.80 points, or 8 percent, to close at 16283.32. Hong Kong's Hang Seng index leapt 462.42 points, or 4.6 percent, to 10419.75, following up on Friday's 236.55-point gain...

Author: /time Magazine | Title: Comeback in Asia | 11/17/1997 | See Source »

...floor of the NYSE, traders had been edgy for days. It didn't help matters that on Friday, the U.S. market fell even though Hong Kong's battered Hang Seng index had rebounded sharply. That rebound was widely dismissed as a "dead-cat bounce," a graphic trader's term that refers to the notion that even a dead cat will bounce a little if it falls far enough. Arthur Cashin, vice president of PaineWebber and director of the firm's floor operations, concluded that "there was more work to be done on the downside...

Author: /time Magazine | Title: STILL ON A ROLL? | 11/10/1997 | See Source »

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