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...Europe and the U.S. and its foreigner-friendly tax regime. But over the past 10 years, the flow of superrich into the capital has surged. Emerging economies and the opening up of the E.U. mean there are more people in the world with big money to spend. And the rise of London as a leading financial center, along with the strengthening of the British pound, have made the U.K. the place to spend it. These days, wealthy Middle Easterners and Western Europeans have been joined by Russians, Chinese, Indians and Eastern Europeans whose wallets have grown along with their countries...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...This was surely a factor in the rise of the first generation of Abstract Expressionists - the New York School - that included artists such as Jackson Pollock, Willem de Kooning, Franz Kline and Arshile Gorky. In the 1940s and '50s, they all lived not far from one another in a combustible concentration on Manhattan's West Side, in Greenwich Village or just south of there. From their continual friction and cross-pollination, a powerful movement was born...

Author: /time Magazine | Title: Culture Club | 1/17/2008 | See Source »

...would like to create a more equitable society by narrowing the gap between rich and poor to create a harmonious society in which every Chinese can share in the wealth of economic growth. Hu has successfully built a good image of China's peaceful rise and expanded China's reach around the world during the past five years. His confidence and wisdom in handling internal and external affairs is a marvelous asset that will eventually encourage the Chinese people to accelerate political reform. Song Xiaowen, ZHONGLI CITY, TAIWAN...

Author: /time Magazine | Title: Leading Russia into the Future | 1/16/2008 | See Source »

Princeton and Virginia saw their applicant pools rise by six and four percent, respectively, according to The New York Times. Other elite universities have seen major jumps in applicants as well, with the University of Chicago and Amherst College recording 18 percent and 17 percent increases...

Author: By Arianna Markel, CRIMSON STAFF WRITER | Title: Harvard Reports Jump in Applicants | 1/16/2008 | See Source »

...April, the U.S. will deploy a mini-surge of 3,200 marines to boost the overstretched coalition military units already in place. While the troop commitment is welcome, it may also trigger a rise in attacks such as the strike on the Serena. "The Taliban cannot fight us face to face. So they continue killing people this way," says Amrullah Saleh, head of Afghanistan's National Directorate for Security, which is investigating the attack. "An enemy who cannot hold territory, an enemy who can find no refuge among the people, has no other recourse but suicide bombing...

Author: /time Magazine | Title: Losing Kabul: A Bombing's Legacy | 1/16/2008 | See Source »

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