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...fact, Hong Kong, a former British colony that has long been a major Asian trading and financial hub, has for several years aspired to become Asia's premier wine hub. Hong Kong collectors already own 17% of the world's stock of fine wines. But most of that stash - the largest in the world on a per capita basis - has been stored abroad because the city charged an onerous duty on imported wines that at one point reached as high as 80%. Then, two years ago, the market really began to flourish when the government scrapped all wine and spirits...

Author: /time Magazine | Title: Vintage Wines Fetch Record Prices in Hong Kong | 10/7/2009 | See Source »

...premier league of music festivals, but then that's probably why the annual Lake of Stars, www.lakeofstars.org, held on the palm-fringed beaches of Lake Malawi, is so darned enjoyable. A world away from muddy fields and hour-long queues for overpriced fast food, the five-year-old Lake of Stars offers a magical combination of world and African music, top international DJs, scenic beauty, philanthropy (portions of festival proceeds are used to fund development projects in the immediate area) and intimacy - the crowd typically numbers just 3,000 lucky travelers, expats and locals...

Author: /time Magazine | Title: Reach for the Stars in Malawi | 9/23/2009 | See Source »

...absence of credentials showing that he would support more large increases in military expenditure, are usually cited as reasons for not being backed by the PLA. But other analysts argue that the cause probably lay in a broader factional divide in the Party that pits supporters of Hu and Premier Wen Jiabao against the so-called Princelings, children of Party elders and an allied group dubbed the Shanghai Gang, which coalesced around Hu's predecessor Jiang Zemin. (Read "China's 60th Birthday: The Road to Prosperity...

Author: /time Magazine | Title: China's Succession: Hu's Heir Is Not So Apparent | 9/22/2009 | See Source »

...mailed statement that University negotiators are “proud” of their relationship with HUCTW, and that they hope for “productive” conversations with “the people who help to make [Harvard] one of the world’s premier institutions...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Harvard, Union To Discuss Contract | 9/21/2009 | See Source »

...every Czech feels this way. Proponents of the radar - mostly conservative politicians from the former center-right government that recently lost power - are openly angry with the decision and are concerned that the U.S. has acquiesced to Russia's demands that the system be scrapped. Ex-Premier Mirek Topolanek, whose government fell in March, said the decision showed that the U.S. no longer cares about the security of central Europe. While in power, Topolanek had supported the system against public opinion, because he felt the presence of U.S. military technology was a physical manifestation of the determination that central Europe...

Author: /time Magazine | Title: Mixed Reactions in Europe to the U.S. Missile Defense U-Turn | 9/17/2009 | See Source »

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