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...that Pyongyang simply doesn't move if it feels its negotiating partner isn't living up to its promises. In early 2007, for example, the U.S. agreed, over its own Treasury Department's objections, to unfreeze millions of dollars of North Korean assets then held in a bank in Macau. Once it did so, North Korea slowly began dismantling its nuclear reactor at Yongbyan, which provided the plutonium for the 8 to 16 nuclear bombs U.S. intelligence agencies now believe North Korea has - including the nuke it tested in October of 2007. On Friday, June 27, Pyongyang says it will...

Author: /time Magazine | Title: The US Makes Nice to North Korea | 6/26/2008 | See Source »

...Portuguese President Aníbal Cavaco Silva and Prime Minister José Sócrates. In planning for nearly two decades, the $46.6 million facility was set up by the Fundação Oriente (Orient Foundation) - a Portuguese cultural organization established in the former colony of Macau in 1988 - and showcases a vast array of Asian artifacts on five floors in a magnificent Art Deco building along the Lisbon waterfront at Alcãntara...

Author: /time Magazine | Title: Sails and Acquisitions | 6/19/2008 | See Source »

...Among the Museu do Oriente's collections are many prominent pieces that have never been publicly exhibited, including rare crucifixes, snuff bottles, screens, ornaments, paintings and antiques from as far afield as East Timor, Japan, Goa, Korea and Macau (the latter meriting a section of its own). There is also a special exhibition devoted to Hindu, Buddhist, Taoist and Shinto religious objects. But art experts and historians are most excited about the reappearance of a well-known collection that has not been shown publicly for many years...

Author: /time Magazine | Title: Sails and Acquisitions | 6/19/2008 | See Source »

...neat illustration of the shifting balance of wealth between West and East, much of the early funding for the museum stemmed from Macau. As a condition of its former gaming monopoly, casino mogul Stanley Ho's Sociedade de Turismo e Diversões de Macau donated tens of millions of dollars to the Fundação Oriente up until 1996. The money provided the basis for the Fundação Oriente's present riches, and helped elevate it to the ranks of Europe's 20 largest foundations. Ho has said he hopes the new museum will further...

Author: /time Magazine | Title: Sails and Acquisitions | 6/19/2008 | See Source »

...control. In a radio spot, the Democratic Congressional Campaign Committee attacked Davis for being supported by Sheldon Adelson, a casino tycoon who funds Freedom's Watch, calling Adelson "one of Atheist China's top American business partners." Along with other American casino companies, Adelson operates resorts in Macau, just outside Hong Kong...

Author: /time Magazine | Title: The Republicans' Election Scare | 5/14/2008 | See Source »

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