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...There are indications of a turnaround. Although revenues from horse racing dropped 9% last season, the club's total sales rose 13.5%, to $11.3 billion?the first increase since 2000. Yet even as the club struggles to overcome illegal bookies, powerful new competitors are springing up. In nearby Macau, a welter of Las Vegas-style casinos are scheduled to open in the next few years, giving Hong Kongers more ways to imperil their paychecks. The number of tourists visiting Macau jumped 53% in the first half of the year. It's enough to make a punter long for the good...

Author: /time Magazine | Title: Fading Down The Stretch? | 11/29/2004 | See Source »

...hard to blast a hole in one so that its cargo is released, creating a maritime disaster. There's also the economic impact. When the oil tanker Limburg was attacked off the coast of Yemen in October 2002, insurance costs for calls to the country's ports rose by some $150,000 per ship. Such a situation would force shipping companies to make long detours around the strait, notes Dominic Armstrong, research chief for the London-based security firm Aegis Defence Services and author of a study on the dangers of maritime terrorism. "[That] could cause up to three...

Author: /time Magazine | Title: Dire Straits | 11/29/2004 | See Source »

...largest wireless carrier. Anil directed the group's push into power generation. Investors, both in India and abroad, were impressed by the conglomerate's results. "Reliance's performance spoke for itself," says Martis. In the six months from April to September this year, revenues at Reliance Industries, the parent, rose 24% compared with the same period last year; profits grew...

Author: /time Magazine | Title: Ownership Issues | 11/29/2004 | See Source »

Retailers around the Square said sales jumped this Thanksgiving, with many reporting that earnings rose more than 10 percent in comparison to last year’s holiday weekend...

Author: By Ying Wang, CONTRIBUTING WRITER | Title: Square Businesses Enjoy Holiday Boom | 11/29/2004 | See Source »

...been a consistent theme for the Rev. Billy Graham, 86, preacher to millions over six decades and counselor to 10 Presidents. TIME's Sonja Steptoe caught up with him as he embarked on what will probably be his final round of crusades, beginning last weekend at the Rose Bowl...

Author: /time Magazine | Title: 10 Questions for Billy Graham | 11/29/2004 | See Source »

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