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...with the sound of money. The nonstop rat-a-tat of millions of gambling chips tossed on blackjack and baccarat tables in its cavernous casinos, the constant thumping from the construction of five-star hotels and luxury apartments and the hubbub of the crowds of tourists who jam the narrow streets of this tiny Chinese enclave mix to create the roar of fortunes being made. This is the sound of one of the greatest gambling booms in history. The casinos in Macau take in more money than those of the Las Vegas Strip and Atlantic City combined...

Author: /time Magazine | Title: Split Personality | 7/31/2008 | See Source »

...administrative and management capacity and political will to undertake substantive anti-corruption measures hamper their success and enforcement." In the past, wayward new members have avoided punishment because Brussels' attention has slipped. The Commission's new tougher approach will establish whether punishment can set Bulgaria on the straight and narrow...

Author: /time Magazine | Title: Brussels Beats Up On Bulgaria | 7/23/2008 | See Source »

...Merrill Lynch to the top. At the Treasury Department, he was said to be insensitive, arrogant, unsophisticated--and he helped launch the nation on one of the longest peacetime booms in history. As chief of staff of the White House, Regan has been accused of being unfeeling, narrow-minded, egotistical --and the President he serves now stands at an all-time high in prestige and acclaim. ''When you are on the inside, quite obviously you always think you are doing a better job, perhaps, than some of the outsiders may consider,'' says Regan, explaining the seeming paradox between his reputation...

Author: /time Magazine | Title: THE PRESIDENCY ''I'VE MELLOWED A BIT'' | 7/21/2008 | See Source »

...Discussing the ABM treaty, Lieut. General James Abrahamson, director of SDI, said that his program might confront "a problem in terms of the narrow interpretation of the treaty somewhere in 1989," two years earlier than previous Administration estimates. Perle declared that a new, looser interpretation of the ABM treaty, one that would permit the development of SDI technology, "is going to happen within the lifetime of this Administration." Although Nitze assented that the less restrictive interpretation was correct, he denied that it was Administration policy to apply...

Author: /time Magazine | Title: STAR WARS AT THE CROSSROADS | 7/21/2008 | See Source »

...four colleagues ringingly reaffirmed the court's 1973 landmark ruling. But four dissenters, including Chief Justice Warren Burger, sharply questioned the ever widening scope of Roe and subsequent decisions. If states cannot impose some limits on abortion, the Chief Justice concluded, ''I agree we should re-examine Roe.'' That narrow call on the Pennsylvania statute was part of a one-two rebuke to the Reagan Administration's support for the right-to-life movement. Two days earlier, by a 5-to-3 vote, the court restricted the Government's attempt to police the quality of medical care received by severely...

Author: /time Magazine | Title: ABORTION'S SHRINKING MAJORITY | 7/21/2008 | See Source »

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