Word: pays
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...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 as a DJ at Tresor during its glory years. But the clubbers can and do get their revenge: Matuschek says several promoters specialize in throwing illicit...
...Maugham produced nine works of fiction and nonfiction, all the while wanting to really make it as a dramatist. He hit pay dirt with his play Lady Frederick in 1907. But by the time of his last play, Sheppey, in 1933, he had come full circle; he was done with the world of the theater, which he found almost hateful, and only wanted to concentrate on his fiction, considering that, at last, to be his real writing. He was an acknowledged master of the short story and a great deal of his fiction was based on material provided...
...Minister Sri Mulyani Indrawati, whose commitment to cleaning up Indonesia's regulatory morass has delighted foreign investors even as it has irked some of the President's closest advisers, who didn't appreciate their own business interests coming under scrutiny. (In a further cleanup bid, SBY is instituting a pay raise for his Cabinet members "so they are not tempted by corruption.") (See pictures of a deadly dam burst near Jakarta...
...capitalism has just experienced the equivalent of a meteor near miss. But the second and third points demand more explanation. The reason a big federal debt undermines the dollar is that a government with really big debts will be tempted to inflate its way out by printing money to pay creditors. Printing more dollars (the process actually involves the Federal Reserve's purchasing government securities with dollars it conjures out of thin air) reduces the value of existing dollars. And a government in truly dire fiscal straits - Germany in the 1920s is the most famous example - may print so much...
...Face for the Selfless Manny Pacquiao, now 30, is the latest savior of boxing, a fighter with enough charisma, intelligence and backstory to help rescue a sport lost in the labyrinth of pay-per-view. Global brands like Nike want him in their ads. He made the TIME 100 list this year. West Coast baseball teams invite him to throw out the first pitch in order to attract the Filipino-American community. He has even become an object of desire: ESPN the Magazine has his naked torso in its Body Issue, which explores the engineering of several athletic physiques...