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...underwater restaurant, this opulent glass palace, which opened in 1999, has 1,800-sq.-ft. (170 sq m) rooms that start at $1,000 a night. Now it's time for one-upmanship, as hoteliers and entrepreneurs race to build ever more exotic getaways that transcend mere luxury stock. Investors have greenlighted more than 30 other super-high-end projects in the past three years, according to lodging consultant Bjorn Hanson of PriceWaterhouse Coopers. The challenge? "It's about creating a luxury that is truly designed around the individual's needs," says Horst Schulze, former president of the Ritz-Carlton...

Author: /time Magazine | Title: The Grander Hotel | 9/6/2007 | See Source »

...Princeton economics major Jack Bogle wrote a senior thesis extolling the virtues of the small but growing mutual-fund industry. At the time the reigning view of the stock market was that expressed 1 1/2 decades earlier by the great English economist (and speculator) John Maynard Keynes: it was a "casino," a "whirlpool of speculation," a "game of Snap, of Old Maid, of Musical Chairs." Young Bogle argued that the growth of professionally managed funds would bring a new age of calm rationality to the market and thus "militate against Lord Keynes' dismal and socialistic conclusions...

Author: /time Magazine | Title: Herd on the Street | 9/6/2007 | See Source »

Many Serbs hope that their young players' popularity will rub off on Serbia itself. During and after the NATO bombing that ended the wars in Bosnia and Kosovo, Serbs became stock villains in Western media: the terrorists plotting mayhem in the first year of the HBO series 24 were Serbs. Now, opines "serbiangirl" in a blog, Ana, Novak and Jelena can show "that the Serbian people are not just terorists [sic] and criminals, we are nice, talented and good people!!!" Just don't call them Croats. With reporting by Dejan Anastasijevic/Belgrade

Author: /time Magazine | Title: Game, Serbs and Match | 9/4/2007 | See Source »

...Printed on tatty black-and-white stock, WWN was the journalistic guilty pleasure of the '80s and' 90s. And now it has nonetheless received an affectionate media sendoff. One writer called it "the newspaper of record for astrology and giant tumor-related news"; another, "easily the world's best drunken supermarket impulse buy." Bat Boy Lives!: The Weekly World News Guide to Politics, Culture, Celebrities, Alien Abductions, and the Mutant Freaks that Shape Our World, a 2005 book that compiled some of the paper's most shocking (i.e., silliest) stories, quotes Johnny Depp as saying, "The only gossip...

Author: /time Magazine | Title: The Late Great Weekly World News | 8/30/2007 | See Source »

...more than one way to fight a revolution. While the African National Congress (ANC) of Nelson Mandela and others confronted apartheid head on, Maponya undermined it from the inside. A 22-year-old teacher when apartheid first took hold in 1948, Maponya was offered a job as a stock taker in a clothes maker. He quickly proved a talented operator, winning a promotion for himself and the white manager, a Mr. Bolton, who took him on. A grateful Bolton began to sell offcuts and soiled cloth to Maponya, who set up his own tailor and sold clothing on credit...

Author: /time Magazine | Title: Retail Renegade: Richard Maponya | 8/29/2007 | See Source »

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