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...city's middle class. But in the late '90s, Shanghai's building boom went bust. With occupancy rates plummeting to a dismal 35% in some areas, real-estate developers panicked. So did the city government, which had counted on a buoyant real-estate sector. Desperate, city planners offered a raft of incentives for local companies and foreign banks to relocate to Pudong. Then, in Shanghai proper, they began tearing down old row houses in one of the city's few remaining historic neighborhoods to make way for a giant 230,000 sq m park. Many of the dislocated families...

Author: /time Magazine | Title: Appetite for Destruction | 3/4/2001 | See Source »

...this could be a replay of scandals past came when Pennsylvania Senator Arlen Specter raised the possibility of a postseason impeachment trial. And Indiana Congressman Dan Burton's committee, already on its second round of subpoenas, is the same crowd that got nowhere on Whitewater, Filegate, Travelgate and a raft of other Clinton scandals over the years. More ominous for Clinton is the inquiry that U.S. Attorney White announced last week in New York. Absent an immunized witness or a wiretap, legal experts don't expect a bribery indictment. But if it could be proved that Rich, who claims foreign...

Author: /time Magazine | Title: How Can We Miss You If You Never Go Away? | 2/26/2001 | See Source »

...easy to forget that the Gulf War isn't over. Since the mother of all battles ended in apparent success 10 years ago this month, the U.S. has been engaged in protracted low-intensity combat to bring the conflict to final victory. Washington has unloosed a raft of modern weapons--economic sanctions, an arms embargo, weapons inspections, money for opposition groups, no-fly zones and the occasional bombing--to unseat Saddam Hussein. To no avail. The vexing enemy left in position in 1991 by the first President Bush has managed ever since to keep the Iraqi threat alive...

Author: /time Magazine | Title: Bush vs. Saddam The Sequel | 2/26/2001 | See Source »

...easy to forget that the Gulf War isn't over. Since the mother of all battles ended in apparent success 10 years ago this month, the U.S. has been engaged in protracted low-intensity combat to bring the conflict to final victory. Washington has unloosed a raft of modern weapons - economic sanctions, an arms embargo, weapons inspections, money for opposition groups, no-fly zones and the occasional bombing - to unseat Saddam Hussein. To no avail. The vexing enemy left in position in 1991 by the first President Bush has managed ever since to keep the Iraqi threat alive...

Author: /time Magazine | Title: Bush vs. Saddam: The Sequel | 2/18/2001 | See Source »

...What's more, the FCC rules that the quiz-show scandals produced were meant to restore a compact of trust between the public and broadcasters. But that leaky raft sailed long ago. In fact, polls show that most viewers already assumed that "Survivor" was fixed. Viewers today are better aware of the Heisenberg effect than your average sociology professor a generation ago; not only do they believe that the shows are set up and edited for dramatic TV - viewing between the lines is part of the sport of watching. Rules are rules, of course, but if Survivorgate ends up disillusioning...

Author: /time Magazine | Title: The People vs. Pulau Tiga | 2/7/2001 | See Source »

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