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...latest candidate for such a fall is Wong Kwong Yu, 39, the chairman of mainland electronics retailing giant Gome. Wong, named by the Hurun Report last month as China's richest man with an estimated net worth of $6.3 billion, was detained last week on suspicion of fraud, Chinese media reported. According to a report in the financial magazine Caijing, Wong (his name is also spelled Huang Guangyu) is being investigated for manipulating the share prices of Shanghai-listed Shandong Jintai Group, a medical company controlled by his brother, Wong Chung-yam. (See pictures of what money...

Author: /time Magazine | Title: Why Not to Be the Richest Man in China | 11/25/2008 | See Source »

...regional voting in Venezuela on Sunday was ostensibly about gubernatorial and mayoral contests. But for the past decade, every election held in the Western hemisphere's richest oil nation has boiled down to one thing - a referendum on left-wing President Hugo Chávez. The balloting this time was no different. The bottom line: Did Chávez's party win big enough for him to rebound from a stunning defeat in last year's constitutional plebiscite? That vote reaffirmed the presidential term limits that Chávez had hoped to eliminate - and he needed a huge win this...

Author: /time Magazine | Title: Chávez: A Mixed Victory in Venezuela Elections | 11/24/2008 | See Source »

...coins being melted down because their value as scrap, with China the big buyer, exceeded their face value. China's scrap trade has lifted the fortunes of both the very wealthy - such as Nine Dragons Paper CEO Zhang Yin, whose recycled-paper manufacturing company made her China's richest person in 2006 - and very poor farmers who have migrated to the city to earn more from recycling than they ever could by working the land. (See pictures of the global financial crisis...

Author: /time Magazine | Title: In China, Hard Times at the Scrap Heap | 11/20/2008 | See Source »

...since the study began in 1993, nutritionists have learned much more about the critical role that vitamin D plays in a wide range of cellular functions, and many now recommend up to 2,000 IUs daily for adults. Most people get very little vitamin D from their diet - the richest sources of the vitamin are dairy products and green leafy vegetables - so supplementation is the only way to reach recommended levels. "Four hundred IUs is just not a lot," says Dr. Larry Norton, a breast-cancer specialist at Memorial Sloan-Kettering Cancer Center. "The supplementation wasn't adequate to raise...

Author: /time Magazine | Title: Can Vitamin D Protect Against Breast Cancer? | 11/12/2008 | See Source »

...left since 2004 in the direction of big-money politics, a shift most clearly seen in Barack Obama's refusal of public financing for his campaign. The Cabinet is only one of several flush, members-only liberal groups that have formed since 2004, the most famous (and richest) being the Democracy Alliance, whose sponsors include billionaires George Soros, Peter Lewis (father of Cabinet member Jonathan) and Pat Stryker (sister of Cabinet member...

Author: /time Magazine | Title: The Gay Mafia That's Redefining Liberal Politics | 10/31/2008 | See Source »

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