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...best in the nation - even if the building's 1.3 million square feet went empty, the city would still be comfortably ahead of the national rate of 13.6%. Figures from the local chamber of commerce hold that even without Wachovia's contribution, Charlotte will remain the nation's second largest banking center behind New York; $3.3 trillion in assets alone come from the combined Bank of America and its recent acquisition of Merrill Lynch...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

...Aldi has solved at least part of that problem. Tunis was among the first to arrive at the grand opening of an Aldi store in downtown Sanford, next to one of Seminole County's largest shopping centers. Now he's hoping other grocers will follow Aldi's lead. "There's really no equivalent at the moment," he says. Deep discounters like Aldi can challenge both conventional supermarket chains as well as Wal-Mart, America's largest grocer. Indeed, Wal-Mart ultimately found it too hard to compete in Germany, where deep-discounters are firmly entrenched, and left...

Author: /time Magazine | Title: Aldi: A Grocer for the Recession | 10/28/2008 | See Source »

...that even the mayor of Chicago, a city three times the size of Detroit, only required 15 bodyguards. He routinely donned a diamond-studded earring and wore flashy suits, even as the city's budget crisis deepened and its population dwindled - threatening its rank as the nation's 11th-largest city. In 2005, a local TV reporter revealed that Kilpatrick had leased a $25,000 Lincoln Navigator for his wife, Carlita, with whom he has three sons, through the city's police department. He also charged more than $200,000 worth of spa treatments, Las Vegas hotel bills and restaurant...

Author: /time Magazine | Title: Kwame Kilpatrick | 10/28/2008 | See Source »

Only seven months ago, Ma Ying-jeou was elected president of Taiwan by the largest margin of victory in the nation's history, and a big reason was his bold plan for linking Taiwan more closely to China. Ma believes that improved relations with a rapid-growth China will boost the island's own sagging economy. His program also lent hope that tensions could be reduced between Taiwan and China, which still regards Taiwan as a renegade province and claims sovereignty over the island. In a flurry of new policies, Ma opened Taiwan to Chinese tourists and investors and launched...

Author: /time Magazine | Title: Taiwan President Faces Growing Opposition | 10/28/2008 | See Source »

...Meanwhile, Obama - who, like McCain, has made only one appearance in the county, though Joe Biden has made three - spent all summer quietly registering thousands of new voters in Prince William, which had the second largest increase by county in a state that has seen its voter rolls swell by 436,000 since the beginning of the year. The Obama campaign has made a massive push to register blacks, who make up 20% of the population, as well as Latinos and students at the four colleges in the district. Obama will need these voters...

Author: /time Magazine | Title: Why the New Virginia Is Leaning Toward Obama | 10/27/2008 | See Source »

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