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...says Jang Hasung, dean of Korea University's business school, "reignited anti-foreign-investor sentiment." The sale of a controlling interest in Shin Corp., owner of Thailand's leading telecommunications company, to Temasek Holdings of Singapore has been one of the catalysts for the Bangkok demonstrations against Thai Prime Minister Thaksin Shinawatra, whose family controlled Shin Corp. In France, an effort by the Italian gas company Enel to acquire Groupe Suez appears to have been thwarted by a hastily arranged, government-sponsored marriage between Suez and Gaz de France. The very idea that a state-owned company from Dubai might...

Author: /time Magazine | Title: A Backlash Against Globalization? | 3/20/2006 | See Source »

...have a democracy. We're having elections in April, and everyone will have the chance to vote and decide if they like Thaksin or not. I don't like these street protests. The people who protest claim to represent the Thai people. They want Thaksin out because of his policies. They accuse him of things because they don't like him. You have to prove allegations before a judge. If it's true and you have the evidence, then it can be proven. But they just make accusations, and they don't want to vote. It's not fair...

Author: /time Magazine | Title: Should Thaksin Stay? | 3/13/2006 | See Source »

...dissolve parliament, to let the people decide after they've heard from the protesters and from the government side. Let's see who will be trusted by the people. If the number of people who don't vote and vote for other parties exceeds the number that vote for Thai Rak Thai, Mr. Thaksin has said he won't be the Prime Minister. He has also said that after the election he'll move quickly to amend the constitution. We'll have an independent commission. Then we'll dissolve the parliament again and hold another vote, no later than...

Author: /time Magazine | Title: Should Thaksin Stay? | 3/13/2006 | See Source »

...future. Thaksin is tarnished whatever happens. But the question now is not just about Thaksin's future but about the future of democracy in Thailand. Either the compromise reached will strengthen the democratic system or it will weaken institutions, and that would have a huge negative impact on Thai democracy...

Author: /time Magazine | Title: Should Thaksin Stay? | 3/13/2006 | See Source »

...face one more hot-stone massage? No desire for another body wrap? For anyone suffering from spa fatigue (and that could be many of us, given that every corner of the planet seems to boast a Thai-style treatment pavilion or Ayurvedic retreat) Kyrgyzstan's Lake Issyk-Kul should come as an intriguing discovery. Or perhaps that should be "rediscovery," since travelers on the Silk Road knew of the lake's therapeutic value for centuries. Soviet apparatchiks were also fond of it, holidaying in one of the 40 workers' sanatoria built by the communist state around the lake...

Author: /time Magazine | Title: Spa Trek | 3/13/2006 | See Source »

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