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...Baltic states or Russia. Such connections have helped drive Sweden's own growth and bolstered its ability to compete on a global stage. When New York City-based nasdaq launched a bid to acquire Sweden's omx in late May, part of the attraction was that omx owns stock exchanges throughout the Baltics...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

...year for the next five years. That's not spare change, but adjusted for inflation, it's only about 60% of what Exxon and Mobil together spent in 1981. Tellingly, it's also a lot less than what ExxonMobil handed over to its shareholders last year--$29.6 billion in stock buybacks and $7.6 billion in dividends...

Author: /time Magazine | Title: No More Gushers for ExxonMobil | 5/31/2007 | See Source »

...charge or tip--on what he calls "a wow walk" designed to help them feel at ease in the buzzy Causeway Bay neighborhood. He points out affordable cafés for lunch, the fastest routes to Prada and Dior as well as Ying Kee Tea House, where guests can stock up on oolong blends to relieve jet lag. (There's a kettle in the room back at the hotel.) Cheung also times the hourlong walk to coincide with a touristy treat: the Jardine's gun's noon salute, dating back to the early days of the territory. 133 Leighton Road, Hong...

Author: /time Magazine | Title: Mission Impossible | 5/31/2007 | See Source »

There are both art and science to the new generation of used-clothing stores. To keep their stock looking current, shops sneak some new clothes into the mix. At Buffalo, about 20% of the items for sale are new pieces--mostly shoes, jewelry and hosiery--purchased by headquarters and distributed to each outlet. "It gives our stores a more contemporary, avant-garde feel," says Kerstin Block, the Swedish-born founder of Buffalo, who originally hoped to be a museum curator before opening her first store in Tucson, Ariz., in 1974. Since no store gets more than two or three...

Author: /time Magazine | Title: The New Trend of Used Clothes | 5/31/2007 | See Source »

...coalition's own 2006 report card on the Daley plan applauds the effort to build more permanent housing, but says the stock of affordable housing is actually flattening or shrinking as rich developers gobble up empty space and redevelop once ramshackle areas of town. The study, released last fall, says Daley "grossly underestimates the demand for homeless services in Chicago," and charges that "thousands of people are likely to end up abandoned and only a limited number of people helped...

Author: /time Magazine | Title: Can Chicago End Homelessness? | 5/24/2007 | See Source »

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