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...device needed now was a name. Originally the Walkman was introduced in the U.S. as the "Sound-About" and in the UK as the "Stowaway," but coming up with new, uncopyrighted names in every country it was marketed in proved costly; Sony eventually decided on "Walkman" as a play on the Sony Pressman, a mono cassette recorder the first Walkman prototype was based on. First released in Japan, it was a massive hit: while Sony predicted it would only sell about 5,000 units a month, the Walkman sold upwards of 50,000 in the first two months. Sony wasn...

Author: /time Magazine | Title: The Walkman | 7/1/2009 | See Source »

...Sony has released more than 300 different models across all formats; it currently makes Walkman-branded MP3 players, phones and even portable DVD players. Its newest device, the Walkman NWZ-X1000, features a 3-inch OLED screen, 32 gigabytes of memory and WiFi connectivity. But the company still makes play-only cassette Walkmen, too - its latest model to be released in the U.S. was the WM-FX290...

Author: /time Magazine | Title: The Walkman | 7/1/2009 | See Source »

...landscape, you arrive at the hotel like a desert wanderer plunging his head into oasis waters. With its cool shadows and an inner courtyard trapping pools of light, the Al Deira has an Ottoman elegance. You're led to your room along corridors where a wisp of sandalwood incense plays in the light sea breeze. The 22 rooms are a revelation: high, domed ceilings with views of the beach below, where Gazan kids play in the surf. It's worth remembering that the little soaps and shampoos, which we take for granted in most hotel rooms, have to be smuggled...

Author: /time Magazine | Title: The Gaza Strip's Diamond in the Rough | 7/1/2009 | See Source »

...since the late 1960s, featured everyone from Deep Purple (whose ubiquitous Smoke on the Water recounts the Montreux Casino catching fire during a Frank Zappa concert in December 1971) to Johnny Cash, this year's program once again ranges across all moods and styles. Jazz master Herbie Hancock will play with Chinese classical piano sensation Lang Lang; studio legends Steely Dan are on a double bill with a quintessential live act, the Dave Matthews Band; and New York City bassist Bill Laswell, purveyor of "collision music," is bringing along Japanese turntablist DJ Krush. "Who knows what will happen?" asks Nobs...

Author: /time Magazine | Title: Montreux: Beyond the Blues | 7/1/2009 | See Source »

...Such rich multiples are unjustified in a recession. Duoyuan is seen as a direct play on China's $585 billion stimulus-spending program, which is focused on infrastructure projects like water and sewer systems. But for the company to benefit (it manufactures equipment for wastewater circulation and filtration), government money must actually go to infrastructure building and not be wasted through inefficiencies and corruption. Bawang, which competes with P&G and Unilever, among other companies that make personal-care products, is supposed to ride China's rising personal consumption. That may be a dicey proposition in a country of thrifty...

Author: /time Magazine | Title: Is a China Stock Bubble Forming? | 7/1/2009 | See Source »

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