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...Vegas. Since the Macau government approved Texas Hold'em cash games and tournaments in January 2008, three casinos have opened designated poker rooms. In its first year in Macau, Texas Hold'em brought in less than $7 million, but that number is set to rise: in the first quarter of 2009 alone, the game took in more than $4 million. "Poker has exploded in Macau," says Celina Lin, 26, an Australian poker player who competes in Macau. "The skill level of the players here has increased dramatically just in the last year." (Watch TIME's video "Macau's Winners...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...Under current laws, Krümmel is set to shut down in 2018. The Social Democrats struck a deal in 2001 with then-coalition partners the Greens to phase out the last of Germany's 17 reactors, which currently provide one-quarter of the country's electricity, by 2021. The Atomic-Exit Law was a big victory for the demonstrators who had been turning out in their tens of thousands since the '70s to protest the depositing of nuclear waste in old salt mines. (See pictures of the worst nuclear disasters...

Author: /time Magazine | Title: Nuclear-Power Debate Reignites in Germany | 7/9/2009 | See Source »

...Indonesia has also been surprisingly unscathed by the global financial crisis. Though exports are down, the country recorded 4.4% growth in the first quarter of this year. Local banks are unburdened with the kind of debt crippling financial institutions in other countries. A monthly consumer-confidence survey elicited the second highest level of optimism since August 2006. Buoying hopes is S.B.Y.'s choice for Vice President, principled former Central Bank governor Boediono. Investment bank Morgan Stanley is so impressed that it wondered in a June report whether the country should be added to the so-called BRIC club of economic...

Author: /time Magazine | Title: Indonesia Elections: A Win For Democracy | 7/8/2009 | See Source »

...things, if they knew anyone who had defaulted on a mortgage, and if they knew anyone who had defaulted on a mortgage even if he or she could afford to make the monthly payment. By taking the ratio of the two answers, the economists calculated that more than a quarter of defaults are, as they put it, "strategic." (Read "Home Sales Perk Up, but Expensive Houses Languish...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...idea that by the time he retired, in 1998, wireless products would account for two-thirds of Motorola's $30 billion in annual sales. It's also a safe bet he never fathomed that nearly 60% of the world's population would use mobile phones just a quarter-century after his brainchild was unveiled...

Author: /time Magazine | Title: John F. Mitchell | 7/6/2009 | See Source »

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