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Others, like MGM Mirage, are in too deep. The few operating cranes in town are scattered among the 9,500 construction workers still crawling over CityCenter, an $8.4 billion, five-skyscraper, ultra-luxury project that is the largest privately financed development ever in the U.S. Although the company has managed to keep the project going through a desperate battle for financing deals with Dubai World, a number of people who signed up for condominiums are looking to bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months...
...minority of outlaws that initiated military operations against the government. The government did its best [in the beginning] to accommodate the situation peacefully, and did not react until the rebels rejected all attempts to reach a peaceful solution. When the rebels attacked El Fashir, the capital and largest city in Darfur - attacked the airport, destroyed a number of airplanes and even occupied parts of the city - the government then had to fulfill its responsibility...
...that had stunned foreign investors in the country. After all, Beijing had effectively dropped the case's most ominous element: the charge that Rio's Stern Hu and his three colleagues had allegedly stolen "state secrets," in part by bribing executives of Chinese steel companies, who are Rio's largest buyers of iron ore. Under a state-secrets charge, the four men faced the prospect of a secret trial and the possibility of lifetime sentences. Now that the government will only charge them with using "improper means" to gain access to commercial secrets - commercial bribery - the executives will have access...
...Still, after nearly a year of relentlessly grim economic news, the reaction to Thursday's revelation in Germany and France - Europe's first- and second-largest economies respectively - tended to echo Moec's upbeat bottom line that the two countries had "extricated themselves from recession, which can only be good." Stock markets sure thought so: London's FTSE 100 index rose 1.3% on the news, and Wall Street followed indices elsewhere in Europe with more modest gains. (See pictures of TIME's Wall Street covers...
...That change includes deferring aircraft deliveries, cancelling orders, rationalizing routes and trimming staff to stave off financial collapse. "It's going to be tough, but we mean business," says Praful Patel, India's civil aviation minister. At the same time, three of the country's largest carriers - state-owned Air India, and private players Jet Airways and Kingfisher - are trying to attract more passengers by turning their full-service domestic fleets into budget businesses. In January, India's budget airlines fleet totaled 75 jets, compared with 120 full-service planes. The Center for Asia Pacific Aviation's Kaul reckons that...