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...properties such as the Pebble Beach golf course. "I don't expect China to go in for trophy properties," says JPMorgan's Ulrich. "They know the lesson of the Japanese debacle." That said, she concedes, the odds are that Chinese companies will make mistakes of their own, given the sheer volume of deals to come. "This," she says, "has only just begun...

Author: /time Magazine | Title: Enter the Dragon: China's Investments | 7/26/2007 | See Source »

...That's a lot of plot, and there's more besides. This isn't the most elegant of the Potter volumes: the sheer number of Macguffins in play gives the story a lumpy shape, and Rowling's prodigious narrative imagination constantly tempts her to overstuff the story. That kind of thing can be frustrating on a first reading, when you're hellbent on getting to the denouement, but it's exactly the kind of thing you appreciate on later re-readings, when you can stop and let chance details catch the light, and groove on the richness and sheer high...

Author: /time Magazine | Title: Harry Potter's Last Adventure | 7/21/2007 | See Source »

...capital gain when calculating its taxes and then relabel the same pile of dough as ordinary income when computing its deductions, as reported last week in the New York Times, got a big, big bonus.) For years, these folks got away with murder. Congratulations. But then, when the sheer size of their incomes draws unwanted attention, instead of a sheepish grin and an "O.K., you caught us," they decide to use the power of their money to keep the racket going. At that point, I think, Who cares how many cultural centers these guys may have financed? Screw them...

Author: /time Magazine | Title: Private-Equity Pigs | 7/19/2007 | See Source »

...Slowing things down further is the sheer volume of stuff that we would have to take with us - or destroy if we couldn't. Military officials recently told Congress that 45,000 ground-combat vehicles - a good portion of the entire U.S. inventory of tanks, helicopters, armored personnel carriers, trucks and humvees - are now in Iraq. They are spread across 15 bases, 38 supply depots, 18 fuel-supply centers and 10 ammo dumps. These items have to be taken back home or destroyed, lest they fall into the hands of one faction or another. Pentagon officials will try to bring...

Author: /time Magazine | Title: How to Leave Iraq | 7/19/2007 | See Source »

...must say." Three years before her death in 1979, she had the prescience to bequeath her palazzo and its collection to her uncle's foundation, which eventually opened it to the public as a museum. "There's nothing like it anywhere else in the world," says Rylands, "just for sheer concentration of masterpieces...

Author: /time Magazine | Title: Peggy's Bequest | 7/15/2007 | See Source »

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