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...gentrification will spoil the vibe. One of the biggest haunts in the early 1990s was Tresor, a subterranean space near Potsdamer Platz. The club shut down when the area was turned into a giant shopping mall. The Love Parade, an annual techno festival that drew as many as a million people to the streets of Berlin every summer, took place for the last time there in 2006 because of a dispute over who should pay for picking up the mounds of trash. "There's a difficult relationship between the city and the club scene," says Michael Matuschek, who worked...

Author: /time Magazine | Title: Hip Berlin: Europe's Capital of Cool | 11/16/2009 | See Source »

...Vijay Mahajan, author of Africa Rising, says there are 50 million to 150 million economic élites in Africa with similar spending power to middle classes in the West. More importantly, there are 350 million to 500 million people in the African aspirational classes - from households with stable jobs - that resemble counterparts in China and India being courted by Western firms. These African aspirants drink Coca-Cola, want mobile phones and yearn to own a car or motorcycle. The West focuses on the bottom half of Africans living in appalling poverty; Beijing is looking at the other half who might...

Author: /time Magazine | Title: China Woos Africa — And Not Just For Its Resources | 11/16/2009 | See Source »

...Tokyo-based Swiss photographer Andreas Seibert set out to document the lives of some of the 130 million Chinese migrant workers who, through their toil, help make China the economic powerhouse it is today. Over the next six years, Seibert traveled to a dozen Chinese provinces and captured images of construction workers, waitresses and scavengers, among others, many of whom he says live a precarious existence due to hazardous working conditions or shady employers. Seibert's strength is in his long-form documentary storytelling, such as when he follows a Mr. Zhou, a solar-panel-factory worker...

Author: /time Magazine | Title: The Sacrifice Behind China's Economic Boom | 11/16/2009 | See Source »

...former army general who last month was sworn in for what, by law, is his final term. SBY, as he is commonly known in Indonesia, already made history in 2004 as the country's first directly elected President. In a nation where 14% of the country's 240 million citizens still live under the poverty line, SBY, who has a careful, consensus-driven leadership style, delivered one of the G-20's most impressive economic growth rates this year. His anticorruption drive, which landed even his own son's father-in-law in jail, drew plaudits in a country where...

Author: /time Magazine | Title: Indonesia's President Promises Huge Annual Growth | 11/16/2009 | See Source »

...Yankee Stadium on this September day, the Puerto Ricans who have come out to cheer Cotto are jeering Pacquiao, but for all that physics matters, the Filipino is the favorite for the Nov. 14 Las Vegas bout. His payday, it is said, will be about $18 million. Back in the Philippines, you can pun on Pacquiao with pakyaw - a verb, pronounced the same way, that means "to monopolize, to corner the market, to take everything at wholesale in order to maximize profit." Pacquiao knows he wants more than he has, more than boxing can give. At the stadium, he retails...

Author: /time Magazine | Title: The Meaning and Mythos of Manny Pacquiao | 11/16/2009 | See Source »

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