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...Coping with Competition But that doesn't mean Hong Kong's future as Asia's preeminent financial center is assured. Singapore in recent years has boosted its banking sector. Shanghai is booming. And even Seoul aspires to be a financial hub. Faced with these long-term competitive threats, Hong Kong's leaders are laying the groundwork for even closer links with China. In August, a local think tank with ties to the city's top political leadership released a proposal for increasing economic integration with Shenzhen, the Chinese boomtown located next to Hong Kong. A mere fishing village when...
...popular place for entrepreneurs and industry tycoons to live, thanks to its proximity to Europe and the U.S. and its foreigner-friendly tax regime. But over the past 10 years, the flow of superrich into the capital has surged. Emerging economies and the opening up of the E.U. mean there are more people in the world with big money to spend. And the rise of London as a leading financial center, along with the strengthening of the British pound, have made the U.K. the place to spend it. These days, wealthy Middle Easterners and Western Europeans have been joined...
...London International Vintners Exchange, an online marketplace for fine wines, managing director James Miles has watched prices for the top Bordeaux double over the past two years, driven in part by wealthy foreigners. "These guys all aspire for the rich man's toys, which doesn't just mean having boats and fast cars, but also having a great cellar," he says. A 12-bottle case of 2000 Chateau Lafite Rothschild that sold for $8,800 in 2005 cost $20,000 last year, while a case of Chateau Petrus that went for $23,000 two years ago sells...
...Instantly you have a million questions. By which I mean: three. 1) Where did the creature come from? (The Hudson River? Or the Arctic, thawed out by climate change and sent south on tidal currents? Possibly Hoboken?) 2) What event roused it from a snooze that may date back to the dinosaur era? (Godzilla's rampage across Japan, you'll recall, was the spawn of atomic bombs dropped there.) 3) What, exactly, the heck...
...succeeded in becoming such efficient reproductive machines-equipped with both a generous appetite for mates and a cool ability to screen them for genetic qualities-why muddy things up with romance? For one thing, we may not be able to help it. Just being attracted to someone doesn't mean that that person is attracted back, and few things drive us crazier than wanting something we may not get. Cultural customs that warn against sex on the first date may have emerged for such practical reasons as avoiding pregnancy or sexually transmitted diseases, but they're also there for tactical...