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...countries could spark more business investment - both within their borders and from the outside - if they did more to guarantee property rights, cut red tape and so on. But these changes come slowly. In the meantime, we can't wait. As a businessman, I've seen that companies can tap new markets right now, even if conditions aren't ideal. And as a philanthropist, I've found that our caring for others compels us to help people right now. The longer we wait, the more people suffer needlessly...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...just a few years, Edmund Ho turned the city around. He cracked down on crime and, more importantly, he introduced competition to the gaming market by issuing new casino licenses in 2002. Today there are six gaming operators. Eager to tap the burgeoning wealth of a rising China, some of the biggest names in gambling, including Las Vegas Sands, Wynn Resorts and MGM Mirage, came charging into Macau, and the economy roared. Ho was fêted as a miracle worker...

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

...targets. Duplicitous credit-card companies, housing-crisis profiteers and lobbyists working for shady foreign governments are all deserving of scorn. Yet there are more than a few straw men mixed in, not to mention an obsession with the travails of Bill Clinton. Nonetheless, Fleeced does manage to effectively tap into populist anger toward those in charge. Perhaps their next book should simply be titled Grrrr...

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

That's the stark choice facing Barack Obama as he ponders whom to tap in the next few weeks as his running mate. Now that Virginia Governor Tim Kaine's name has popped to the top of the charts as a possible Obama sidekick - perhaps to be replaced in a few days by some other hot possibility - the question helps clarify the next few weeks: Does Obama counterbalance his relative inexperience in general, and in foreign policy and defense matters in particular, and go with a trusted old-timer or pick a fresh face, someone who can pose...

Author: /time Magazine | Title: Obama's Vice-Presidential Dilemma | 7/30/2008 | See Source »

Producer David Wolper does not believe in small gestures, especially when large expensive ones will do. For next month's four-day extravaganza celebrating the refurbished Statue of Liberty, Wolper has lined up 850 drill- team members, 300 tap dancers, 200 Elvis Presley impersonators, 150 banjo players, two aircraft carriers and one President of the United States. To help pay the spectacle's $30 million bill, Wolper offered the TV rights to the networks. ABC bid $10 million, beating out NBC, the only other network that took part in the auction. ABC's competitors did not mind losing the mock...

Author: /time Magazine | Title: GIVE US YOUR TV CAMERAS But only for 16 minutes, unless they belong to ABC | 7/21/2008 | See Source »

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