Word: rising
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During three decades as the head of financial-services consulting firm Greenwich Associates, Charley Ellis had a front-row view of Goldman Sachs' rise from also-ran to king of Wall Street. He then spent a decade working on a history of the firm, published last year as The Partnership: The Making of Goldman Sachs. So what is Ellis' explanation for Goldman's spectacular rebound - it turned a $5.2 billion profit in the first half of the year - from the financial crisis...
...make that case. A few weeks earlier, near the center of Moscow in a stately pink building where he sometimes works and sleeps, Lebedev gave me a condensed history of the Russian state since the collapse of the Soviet Union in 1991 - the beginnings of post-Soviet capitalism, the rise of the oligarchs, the loans-for-shares scandal, his acquisition of National Reserve Bank, the rise of Putin, the fall of the oligarchs, his 28% stake in Aeroflot, the Khodorkovsky affair, the forthcoming launch of his restaurant in London, the end of democracy in Russia, Davos, and fellow oligarch...
...regime. To be seen at October's Pusan International Film Festival and released in South Korea afterward, Kimjongilia - the title is taken from the name of a begonia cultivated in honor of North Korean leader Kim Jong Il - is a harrowing night at the movies. (See pictures of the rise of Kim Jong...
...unique genre of psychedelic pop that thrived, briefly, in 1960s Cambodia. With U.S. troops stationed in neighboring Vietnam, Khmer musicians like Sinn Sisamouth and Ros Serey Sothea mixed the trippy rock of Armed Forces Radio with Khmer melodies, creating spaced-out, original tunes. It all ended, tragically, with the rise of Pol Pot; many of the country's musicians were persecuted or killed by the Khmer Rouge. (See the all-TIME 100 albums...
...original remarks, Xie noted that Shanghai will soon have to deal with a rapidly aging population. About 22% of the city's residents are over age 60 - a figure that is projected to rise to 34% by 2020. The same looming problem faces China as a whole, says Wang, who points out that the number of young people entering the workforce between the ages of 20 and 24 will drop by half in the next decade. Like many other population experts outside China, Wang believes it is only a matter of time before the pressure to change the one-child...