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...million investors began trading stocks through the Shanghai exchange, a 250% increase in new accounts. That's an average of about 7,000 per day, a flood of fresh blood from san hu (as the Chinese call small investors) that is making seasoned traders nervous. "When you see shop assistants and taxi drivers racing out to borrow money to buy stocks, you've got trouble," says commodities guru Jim Rogers. "That's the market sucking in a whole lot of neophytes priming to get slaughtered...

Author: /time Magazine | Title: Taming China's Dragon Market | 2/1/2007 | See Source »

...networking technology goes, wireless Internet, or wi-fi, is hard to beat: it enables you to surf the Web from your living-room couch or send e-mail from a coffee-shop armchair. The trouble is that wi-fi's range only extends a few dozen meters, so once you leave home-or when it's closing time at your neighborhood Starbucks-you're back in the Stone Age. Logging on through commercial wi-fi hotspots can also be cumbersome and expensive. But a Spanish company, FON, wants to change all this. Founded 15 months ago, FON touts itself...

Author: /time Magazine | Title: Buenos Dias, Foneros | 2/1/2007 | See Source »

...Hotel Vintage House, hotelvintagehouse.com, in Portugal, lessons about port are held in the wine shop on request. The classes, which cost $23 and typically last 90 minutes, use various samples of this fortified wine to show how, say, a white port differs from a tawny or a vintage is unlike a late-bottled vintage...

Author: /time Magazine | Title: Thirsting for Knowledge | 2/1/2007 | See Source »

...decades ago, London's three-centuries-old role as one of the world's great business cities seemed threatened by overregulation. While the government dumped controls regulating foreign exchange in 1979, London continued to lose ground to other financial hubs because its equities market remained a closed shop. Long abolished in New York, minimum commissions on the London exchange killed price competition and risked turning the city's securities market into a backwater as money managers went elsewhere for a better deal. But in 1986, sweeping deregulation known as the Big Bang finally blew things wide open. Out went...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...After filling doggy bowls all over Holland, Kwispelbier will be launched in Belgium, France and Germany over the next few months. Orders have already been flooding in from the U.S. and Japan via the pet shop's website. The brewery is currently producing over 20,000 bottles per week to meet the demand...

Author: /time Magazine | Title: Man's Best Bud | 1/30/2007 | See Source »

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