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Ross has grand plans for IUON and hopes to make it the largest nursing school in the world. He has sunk at least $10 million into the 50,000-sq.-ft. (4,600 sq m) campus on 10 acres (4 hectares) of land in gorgeous St. Kitts. Ross has attracted more than 20 faculty members from the U.S. with competitive salaries of $70,000 to $80,000 a year, plus overseas tax breaks. "The island life is definitely a bonus," says assistant provost Frank Wagner...

Author: /time Magazine | Title: Become a Nurse, Get a Tan | 8/9/2007 | See Source »

...particularly in investment management and construction. On the former, Symonds believes that last year's gulf states market crash was overdone, and on the latter, that despite talk of a property bubble, real estate is still extremely cheap by world standards. A penthouse apartment sells for about $350 per sq. ft. (about $3,750 per sq m). Comparable properties in New York City and London sell for about five times that price...

Author: /time Magazine | Title: Hedge Fund Confidential | 8/2/2007 | See Source »

...Great Wall, is a crowded country where bigger is usually viewed as better, so it's no surprise that retail-property developers seem to be trying to outdo each other with giant construction projects. The mainland already hosts the world's largest shopping center, the 7 million sq. ft. (650,000 sq m) South China Mall in the southern manufacturing city of Dongguan. Like Golden Resources, South China Mall suffers from a dearth of stores and shoppers. Yet more megamalls are on the way. By 2010, China expects to be home to seven of the world's 10 largest shopping...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...getting better," he says. It's hard to imagine things getting worse. As a mall security guard dryly observes: "On weekdays we have so few cars, this must be the best parking lot in Beijing." Unfortunately for the builders, it's a parking lot attached to 6 million sq. ft. of unloved retail space...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...North Pole isn't the only prize in the eyes of the resurgent Russian empire - Moscow is also looking to restore control over a 47,000 sq. km (18,000 sq. mile) piece of the Bering Sea separating Alaska from Russian Chukotka. The territory was ceded to the U.S. in 1990 under the U.S.-Soviet Maritime Boundary Agreement signed by Secretary of State James Baker and Soviet Foreign Minister Eduard Shevardnadze. While the deal may have helped ease Cold War tensions, anti-reform Soviet hard-liners always opposed giving up a piece of territory rich in sea life and hydrocarbon...

Author: /time Magazine | Title: Russia Claims the North Pole | 7/12/2007 | See Source »

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