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...turn away from Kim has left Chongyron, long flush with cash, now owing over $500 million; its headquarters in one of Tokyo's priciest neighborhoods was seized last month by government creditors. "I think there are a lot of people who feel less allegiance or loyalty to North Korea now," admits one Chongyron associate, who prefers to remain anonymous. "And people are distancing themselves from Chongyron because the organization cannot address the needs of the Korean community...

Author: /time Magazine | Title: How Kim Jong Il Lost Japanese Fans | 7/10/2007 | See Source »

...They've picked the right place to stress-test budget lodging concepts. The average cost of a London hotel room is $234 a night, making the city one of the priciest in the world. Beecham says it was his personal experiences as a consumer - specifically, his distaste for what he calls "rip-off" charges for things like phone calls and movies - that inspired him to go into the business. He built a traditional hotel, but lowered costs by making careful choices in siting and design. Rooms at the Hoxton are all 20 sq m in size, roughly 20% smaller than...

Author: /time Magazine | Title: A Room with No View | 4/11/2007 | See Source »

...require the most advanced hardware--it's their novelty, storytelling and fun factor that count. Moreover, game publishers are increasingly going to multiplatform strategies for big titles, as production costs have soared. That means fewer exclusive games for one console system, an ominous sign for Sony with the priciest box on the shelves...

Author: /time Magazine | Title: How Sony Got Game? | 11/19/2006 | See Source »

...their passion for Picassos and Rembrandts. But times have changed. Now it's a spectacularly rich man's sport, as evidenced by the bidding frenzy that took place last week at Christie's in New York City, where $491 million worth of Impressionist and modern art changed hands--the priciest art auction in history. Gustav Klimt's Portrait of Adele Bloch-Bauer II sold for $87.9 million, obliterating the presale estimate of $40 million to $60 million. Three other Klimts--part of a collection stolen by the Nazis during World War II and recently returned to the owner's heirs...

Author: /time Magazine | Title: Portrait of a Bull Market | 11/13/2006 | See Source »

...titles, as production costs have soared and the market has splintered along geographic lines: Nintendo dominates Japan, Sony fares well in Europe and Microsoft racks up its strongest sales in North America. That means fewer must-have titles for one platform, an ominous sign for Sony with the priciest box on the shelves. Moreover, games such as Brain Age and Guitar Hero, which attract the mainstream audience, often don't require the most advanced hardware-it's their novelty, storytelling and fun factor that count...

Author: /time Magazine | Title: Has Sony Got Game? | 11/8/2006 | See Source »

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