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...Eager to put the island's militarist past to bed, and eager to distance itself further from the Chinese mainland, from which Chiang hailed, Taiwan's ruling Democratic Progressive Party (DPP) is in the process of erasing the Generalissimo from public view. Late last year, Chiang's name was uncoupled from that of the capital's international airport, and, in February, his statues were removed from all military bases. Then, in a stealthy overnight raid, the DPP-led local government of Kaohsiung, Taiwan's second city, dismantled a huge Chiang presiding over the city's cultural center and secreted...

Author: /time Magazine | Title: Taiwan's Statue Wars | 5/24/2007 | See Source »

...Johns Hopkins University have established Singapore campuses. The city-state is becoming the largest hub for private banking outside Zurich. Assets held in the Singapore offices of private banks including UBS and Citigroup have been rising 20% annually since 2003. More than 100 hedge funds have relocated to the island, up from 20 in 2004, according to the Singapore Monetary Authority. The Boston Consulting Group reckons Singapore now has more millionaire households as a percentage of total households than any other Asian economy...

Author: /time Magazine | Title: Singapore Soars | 5/24/2007 | See Source »

...been adding about 100,000 expats annually since 1990, census data shows. Foreigners now make up about 19% of the city's population, in contrast with Hong Kong, where expats make up less than 8% of all residents. "There are concerns over how in the world Singapore's tiny island and infrastructure will support the increased foreign population and how that will impact transportation, taxes, traffic, housing and schooling for the locals," says Singaporean Cheryl Liew, a consultant for an executive-search firm. One of those locals, Lance Lim, summed up this skepticism in a letter to the local Straits...

Author: /time Magazine | Title: Singapore Soars | 5/24/2007 | See Source »

...Sentosa Cove Developers say they had the French Riviera in mind when they drew up plans for a 117-hectare residential enclave on Sentosa Island. The hoi polloi need not apply. Luxury homes there cost as much as $20 million; residents have access to a yacht marina and a world-class golf course. To attract rich foreigners, Singapore amended its property laws to allow expat buyers to secure 99-year leases on land. The project is part of a wide-ranging plan to upgrade Sentosa Island for tourism...

Author: /time Magazine | Title: Morphing Metropolis | 5/24/2007 | See Source »

...Generalissimo's mausoleum 40 km southwest of Taipei. Plaques inform inquisitive onlookers where each piece originated, but none of the candy-coated descriptions explain that this collection came into being because these statues are unwanted and have been dismantled from schools, colleges and municipal buildings across the island. The Chiang Kai-shek Statue Park, as it's known, may as well be called the Chiang Kai-shek Memorial Dump...

Author: /time Magazine | Title: Taiwan's Statue Wars | 5/24/2007 | See Source »

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