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...concentrated on building itself up as a vibrant business and transport hub and the home to some of the world's biggest, flashiest and most modern real estate. To lure in the masses, Dubai promoted itself as an income tax free resort for the world's rich and upper middle class. Dubai's master planners developed a signature over-the-top style geared to the tastes of newly minted wealth - an indoor ski slope, a luxury condominium development with man-made islands arranged in the shape of a huge palm tree, and the tallest building anywhere...

Author: /time Magazine | Title: Will Dubai's Financial Problems Spread? | 11/27/2009 | See Source »

...Beef-brisket noodles are a Hong Kong specialty, and many say that this neighborhood stalwart (21 Gough Street) serves up the city's best. Brave the inevitable queues to sample the rich, deeply flavorful beef broth, the firm, springy egg noodles and the deliciously tender, stewed-for-hours brisket, which yields to the gentlest bite...

Author: /time Magazine | Title: 10 Reasons to Visit Hong Kong's NoHo | 11/26/2009 | See Source »

...author argue. We failed capitalism by getting in its way. As if we're the ones who created the sleazy subprime mortgages and exotic derivatives (graded phony AAA by real capitalists) that blew up the system. It's the standard Forbes canon: government and taxes bad; rich people good. The pair dutifully round up free-market evangelists from Smith to Hayek to Friedman to support their apologia but fail to add any real insight. Capitalism works, all right, but not like this...

Author: /time Magazine | Title: Business Books | 11/23/2009 | See Source »

Even if it had taken aim at any truly idea-rich art, the church would do well to be wary. Nearly every time the clergy has tried to peg something as “illusory and deceitful” in the past, it’s been forced to engage in copious backtracking—picking out “good art” is always something of a dice toss. For proof, the Pope would simply have had to look up. Michelangelo’s altar fresco “The Last Judgment,” a fundamental background...

Author: By Jessica A. Sequeira | Title: The Art of the Matter | 11/23/2009 | See Source »

...significant changes, unless they can muster 60 votes for them. Although there will be a number of skirmishes - over abortion funding, illegal immigrants' access to the new insurance marketplace, a government-run public option and whether to help pay for the whole enterprise by raising taxes on the rich or taxing high-end, so-called Cadillac insurance plans, just to name a few - everyone knows that the real test will be the moment, weeks from now, when Reid attempts to shut down debate and bring the measure to a final vote. (See 10 players in health care reform...

Author: /time Magazine | Title: Republicans Plot Their Health Care Attack Strategy | 11/23/2009 | See Source »

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