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"Looking long-term, places like New York and Massachusetts could have some pressure, even though they are relatively highly rated and have passed budgets for this year," says John Miller, chief investment officer of Nuveen Asset Management, which runs, among other things, municipal-bond funds. "Those are areas where obligations...

Author: /time Magazine | Title: After California: Which States Are in the Most Peril? | 7/8/2009 | See Source »

'Liu has been engaged in agitation activities, such as spreading of rumors and defaming of the government.' XINHUA, China's state-run news agency, citing a report from the Beijing Municipal Public Security Bureau on the arrest of Liu Xiaobo, a prominent dissident who co-wrote the pro-democracy manifesto...

Author: /time Magazine | Title: Verbatim | 7/6/2009 | See Source »

The second day I was in Rome the EU and municipal election results were announced in the papers. I was shocked by what I read: The Lega Nord (the Northern League), a party whose platform is based on the federalization of Italy and has, at times, suggested that the north...

Author: By Sofia E. Groopman | Title: Racism is a Boomerang | 7/1/2009 | See Source »

The timing is certainly right. Analysts say Hong Kong Disneyland needs to expand to stand up to plans for a much larger Shanghai Disneyland in the next few years. Construction has not begun, but the Shanghai municipal government and Disney Co. signed off on a project proposal earlier this year...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

A few governments are already moving. In March, Madrid pledged $1.3 billion to modernize Spain's tourism infrastructure to fight off competition from sunshine destinations like Turkey and Egypt, which have become more competitive as the euro has appreciated. In Spain's Canary Islands, where tourism represents upwards of 60...

Author: /time Magazine | Title: The Vacation Recession | 6/29/2009 | See Source »

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