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German firm Müller-BBM, a leader in its field, had been hired at the start of the reconstruction to bring the theater's acoustics back to their former glory. However, in the past few months, as the financial crisis has torn through Russia, Vedernikov learned that the firm...

Author: /time Magazine | Title: Bolshoi Blues: Trouble at the Legendary Theater | 7/20/2009 | See Source »

The study, conducted by researchers at the National Institute of Mental Health (NIMH) and Georgia State University, begins with a premise that every parent of a tween knows: as kids emerge into puberty, their focus changes dramatically. They care less about their families and more about their peers.

Author: /time Magazine | Title: Why Girls Have BFFs and Boys Hang Out in Packs | 7/17/2009 | See Source »

Turkey's new non-smoking law makes it only the second developing country after Uruguay to institute a comprehensive ban. That is significant - according to the World Health Organization, developing nations will account for 80% of the world's tobacco-related deaths over the next decade, as smoking rates in...

Author: /time Magazine | Title: Lights Out: Turkey is Next to Ban Smoking | 7/17/2009 | See Source »

The Sharks are currently owned by an unlikely consortium that includes a Shanghai media group, a domestic airport operator and a state sports institute. According to China's official news agency, Xinhua, Yao is in the process of buying out shares from some major investors. No estimate has been released...

Author: /time Magazine | Title: Semi-Pro: Yao Ming Buys His Former Chinese Team | 7/16/2009 | See Source »

This imbalance has forced small-business owners to avail themselves of unusual lending schemes. In many regions, companies are forced to go around the traditional banking system altogether by borrowing from other businesspeople or even loan sharks. This sort of informal banking, which has a long history in China, has...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

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