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...change the face of Singapore. This is no Botox job. Work is underway on an epic facelift, one that could within a few years render Singapore nearly unrecognizable: the financial district will have a striking new skyline while casinos and other amusements will dot the city. Even sleepy Sentosa Island, a 500-hectare tourist hangout located 15 minutes from the city center, is slated for overhaul via a 10-year, $5 billion plan to turn it into a world-class playground for the wealthy, with multimillion-dollar seafront homes, a megayacht marina and a Universal Studios theme park. The point...

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

...thousands of ambitious, educated (and preferably wealthy) foreigners to work and live there. Like other Asian tigers such as Taiwan, Singapore is losing high-tech manufacturing jobs-once crucial to economic growth-to lower-cost countries such as China. Manufacturing now provides work for just 20% of the island's 2.5 million workforce, down from 33% a decade ago, a decline reflected in people's paychecks. The poorest 30% of Singaporeans have seen their wages drop consistently for the past five years, according to United Nations data. This economic predicament is complicated by flagging demographics. Younger Singaporeans-the most productive...

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

...other casino, to be developed by Malaysia's Genting International, will stand on Sentosa Island, which is connected by bridge, light rail and cable car to the main island. Using land it had been reclaiming since the 1970s, the government several years ago began auctioning Sentosa plots to the private sector, but only to be developed under its careful guidance and marketing. Beaches that ringed the island were spruced up, and two golf courses modernized. Thirteen hotels containing about 3,500 rooms are planned, providing lodging for tourists drawn to the beaches, the casino and a Universal Studios theme park...

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

...lead in dramatic fashion in the top half of the seventh. But Melissa Hodge blasted a two-out, full-count home run off junior ace Shelly Madick to send the contest into extra innings and reawaken the soggy crowd of 209 at the Hofstra Softball Stadium on Long Island. “Hodge’s home run was probably one of the clutchest home runs I have ever seen, and I’ve been around a long time,” Pride skipper Bill Edwards said, adding, “We like to make it exciting...

Author: By Jonathan Lehman, CRIMSON STAFF WRITER | Title: Heartbreak in Hempstead: Hofstra Defeats Softball in Extra Innings | 5/20/2007 | See Source »

Medvedev is the paragon of a top corporate-statist-technocrat executive for the new Russian corporate state. Prior to 2002, when he came to head Gazpromexport, Medvedev had never been involved with natural gas. Born in the far eastern island of Sakhalin to the family of a Soviet air force officer, he left the island in his teens. In 1978, upon graduation from the fabled Phystech, Moscow's Institute of Physics and Technology--Russia's answer to M.I.T.--Medvedev, who majored in automated control systems, got a job with the Institute of World Economy and International Relations (IMEMO...

Author: /time Magazine | Title: Heavy Hitter | 5/17/2007 | See Source »

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