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...source of jobs - has become a one-trick economy that is dangerously reliant on the gaming industry. Gambling taxes now account for three-quarters of the government's revenues. The industry has grown so rapidly, it is even stunting the development of other sectors by vacuuming up the best talent. Says Lawrence Ho, CEO of Melco Crown Entertainment, one of Macau's casino operators: "When one sector grows so fast, the rest of the sectors can't catch...

Author: /time Magazine | Title: Split Personality | 7/31/2008 | See Source »

...meaning that up-and-coming directors are finding it hard to make the transition to mainstream features. Occasionally, established filmmakers will nurture protégés. To is producing medium-budget movies from editor and director Law Wing-cheong and screenwriter-director Yau Nai-hoi. Also nurturing talent is prolific filmmaker Eric Tsang, who produced Magic Boy, a vibrant 2007 love-triangle pic from second-time feature director Adam Wong, and Heiward Mak's recent debut High Noon, a drama of troubled youth shot with arresting flair...

Author: /time Magazine | Title: The China Syndrome | 7/31/2008 | See Source »

...known as the "Little Giant" because of his diminutive stature, but Johnny Griffin was a musical talent of towering proportions. The Chicago-born tenor saxophonist made his name in the 1950s, collaborating with luminaries like John Coltrane, Thelonious Monk and Art Blakey. Dismayed by the ascendancy of free jazz (a genre he considered "noise") in the 1960s, Griffin fled to Europe, where he mesmerized audiences for decades. "I want to eat up the music like a child eating candy," he said. In turn, listeners devoured his unique sound, a melding of forceful tones and dazzling improvisation played at lightning speeds...

Author: /time Magazine | Title: Milestones | 7/31/2008 | See Source »

...robustly. Their success has created a huge middle class for which 12% inflation is more of a nuisance than a worry. The long-term future of the Indian middle class is secure. The factors that have driven its success - a sure grasp of English, a facility with technology, a talent for innovation - will continue to be important in the global economy...

Author: /time Magazine | Title: The Death of the Indian Dream | 7/30/2008 | See Source »

...captured by three young foreigners. A major factor in American Ballet Theatre's most successful season in years is Italy's Alessandra Ferri, 23, an ethereal, hugely gifted dramatic dancer. Leningrad's Kirov Ballet, which has just finished its first North American tour in 22 years, is full of talent, but the great ovations have gone to Altynai Asylmuratova, 25, an exotic beauty blessed with a perfect line and the more elusive qualities of gentle lyricism and knockout sexual allure. Still to come is Sylvie Guillem, 21, of the Paris Opera Ballet, which arrives next month on its first...

Author: /time Magazine | Title: THREE WHO CAPTURE THE MAGIC New ballerinas from Italy, Russia and France are revelations | 7/21/2008 | See Source »

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