Word: majors
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...clear whether there will be enough chicken to go around. The red-hot growth rate of Macau's gambling market is set to ease in the second half of 2008 due to local government efforts to cool Macau's overheating economy. The slowdown could come as several major new projects are launching. Early next year, Melco Crown will open the City of Dreams, a $2.3 billion megaresort that boasts several hotels (including a Grand Hyatt and a Hard Rock Hotel), a 2,000-seat theater, a shopping mall and a 550-table casino...
...philosophy reflected in the International Civil Aviation Organization's multi-crew pilot's license (MPL). Introduced in 2006, this was the first major change to licensing since 1948. It requires some training in small piston-engined planes - as little as 10 hours solo - but the bulk of the required 240 hours' flying is done in simulators where emergencies like engine trouble and storms can be programmed...
...floor at Pharmacy, a celebrity-magnet restaurant co-owned by Hirst that gradually lost its magnetism and closed. That sale brought a jaw-dropping $20 million for everything from artworks to Hirst-designed martini glasses. Then, in February, he worked with Sotheby's in New York to solicit 100 major artists, including Jasper Johns and Anish Kapoor, to donate work to a sale that raised $42 million for RED, a socially conscious business venture cofounded by his rockstar friend Bono...
...people coming into the market." And a lot of those people might be more comfortable in an auction house - where anyone with cash can flex their muscles - than in top galleries, where dealers sometimes try to place works only with important collectors who might lend or give them to major museums. It's all part of any dealer's service to the artist's long-term reputation, but it can have the effect of discouraging less prominent customers. This is how Hirst sees it too. "I hate the way when you walk into a gallery and say you want...
...question of appeasement has long been barbed and dangerous in European history. Taking its measure became a major source of tension between old Europe and new Europe, to use the notorious nomenclature coined by former U.S. Defense Secretary Donald Rumsfeld during Europe's last big foreign-policy dilemma, over Iraq. This time, though, Europe was able to agree in a matter of four hours on a unified response to a direct and threatening neighbor...