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...Nike isn't shaking in its boots yet, but permanent dominance in American sportswear is never a shoo-in. When Li Ning opened its Portland retail store to the public for an hour on Feb. 15 for its grand opening, sneaker heads lined up for five hours to be among the first to own a pair of BD Dooms, basketball shoes named after NBA point guard Baron Davis. Jay Li admits they lined up "not because of Li Ning but because we have a world-class basketball shoe." (It probably also helped that Baron Davis himself was in the store...

Author: /time Magazine | Title: Can China's Big Shoe Brand Make Tracks in the U.S.? | 3/26/2010 | See Source »

...deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that, Darling added, was an issue on which "more countries...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...stunt gave Breitbart - who like many online scribes had spent much of his professional life toiling in anonymity - a public persona. In January, O'Keefe was arrested in New Orleans on charges of entering the offices of U.S. Senator Mary Landrieu under false pretenses while preparing another undercover video. That only boosted Breitbart's profile. At the National Tea Party Convention in Nashville in February, Breitbart introduced the star speaker, Sarah Palin, and delivered a rousing jeremiad of his own. Assailing national reporters for portraying the movement as "racist and homophobic," he used the dais at the Gaylord Opryland Hotel...

Author: /time Magazine | Title: Citizen Breitbart: The Web's New Right-Wing Impresario | 3/25/2010 | See Source »

...Malaysian women were subjected to several strokes each after being convicted of extramarital sex. But that sentence was meted out inside a Kuala Lumpur prison. If a proposal drafted last September by a group of Acehnese lawmakers had come to fruition, adulterers might have been stoned to death in public. Pristine beaches and alfresco executions? It's hardly a formula that's going to worry Phuket or Bali. (See 25 authentic Asian experiences...

Author: /time Magazine | Title: Keeping the Faith in Banda Aceh | 3/25/2010 | See Source »

...their future capital. Not only did the Israelis demur, but hours before Netanyahu arrived at the White House on Tuesday it emerged that Israeli authorities had approved further construction at yet another site in East Jerusalem. No surprise there, since Netanyahu had on Monday told the American Israel Public Affairs Committee (AIPAC), "Jerusalem is not a settlement. It is our capital ... Everyone knows that these neighborhoods will be part of Israel in any peace settlement...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

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