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...Mirage opened the $1.25 billion MGM Grand Macau hotel and casino in 2007 in partnership with Pansy Ho, daughter of tycoon Stanley Ho, who held a monopoly on gaming in Macau for four decades and continues to operate casinos in the city today. In a filing with the U.S. Securities and Exchange Commission, MGM Mirage said that the New Jersey Division of Gaming Enforcement had deemed Pansy Ho an "unsuitable" partner after a four-year investigation. The agency recommended that MGM Mirage "be directed to disengage" itself from the joint venture. Company officials didn't reveal the reasons why regulators...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...Congress Party's victory would bring political stability to India and give Singh's progressive administration a freer hand to pursue economic reforms in sectors such as insurance, retail and banking. Some analysts are already revising India's GDP growth and corporate earnings outlooks. Chetan Ahya, economist for Morgan Stanley Asia, upgraded his growth forecast for India this year from 4.4% to 5.8%. "The markets are enthused by the current political developments after 18 years of coalition governments," says Bharat Iyer, head of India research at JP Morgan...

Author: /time Magazine | Title: After Elections, India Stocks Soar 17% | 5/18/2009 | See Source »

...Stanley Cup. I'm talking financially viable...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...living national treasure, whose face will undoubtedly grace currency one day - could be returned to the province of his birth, where a rabid fan base would perpetually pack his team's stadium and the resulting furor would inspire new passion for the game ... and maybe bring home a Stanley Cup (Gretzky's fifth...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...puff Zardari and Karzai into being statesmen who occasionally act in their own national interest, as Zardari seems to have done by deciding to fight the Taliban. That is why Secretary of Defense Robert Gates acted with such alacrity to replace a good general, David McKiernan, with another, Stanley McChrystal, better versed in the tactics used to fight terrorist insurgencies. That is why we are in Afghanistan and Pakistan: because our enemies - the people who killed 3,000 Americans on Sept. 11, 2001 - are festering there. It would be nice if, unlike Vietnam, our "friends" proved as competent...

Author: /time Magazine | Title: Obama's Partner Problem in Afghanistan and Pakistan | 5/14/2009 | See Source »

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