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...good illustration of that: right now there are two main schools of thought on the direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees the Federal Reserve keeping interest rates low, credit rushing back in to households and small businesses, consumer demand taking off, employment rebounding and the S&P 500 rising 18%. (See the top stocks of the decade...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

...These are, of course, impious assertions to make in a place with some of the most marvelous feng shui ever bestowed. Because its harbor is shaped like a carp - a fish symbolizing prosperity - Hong Kong is thought to be the font of enormous bounty. Sinuous dragons make their abodes in the hills, from which bracing floods of chi allegedly flow, accumulating in the sea in great reservoirs of bottomless luck. Many of the principal buildings famously adhere to feng shui principles - using the expensive realignment of an escalator here, or the positioning of a highly costed fountain there - to supposedly...

Author: /time Magazine | Title: How Feng Shui Is Being Discredited in Hong Kong | 12/21/2009 | See Source »

...youthful 47. "I'm now an old 48," he says, and he's got the gray hairs to prove it. That's because CityCenter came within a whisker of not opening at all, even as it was billed the most expensive private construction project in American history and thought of among locals as a beacon of the city's resurgence from the depths of recession...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

...synthetic leather factory in Moscow, was convicted of fraud in May and sentenced to eight years in prison. In a telephone interview from prison, Kozlov said that Butyrka is teeming with entrepreneurs locked up on phony charges brought against them in raider attacks. "Before I landed behind bars, I thought only criminals were in jail," Kozlov said. "Now I know it's not only criminals." (Read: "Putin: Yes, I May Run Again. Thanks for Asking...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

...concurrent revamp of both the Web site and the print magazine serves as part of an effort to create administrative linkages, replacing a sharp divide between the two worlds with unified “thought teams” specializing in certain issues, according to Macht...

Author: By Gautam S. Kumar, CRIMSON STAFF WRITER | Title: HBS Magazine Undergoes Facelift | 12/18/2009 | See Source »

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