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...English club Chelsea are reportedly willing to pay Real $80 million; and A.C. Milan's brilliant Brazilian playmaker Kaká, sought by Chelsea for a whopping $160 million. But dozens of lesser trades have seen players change clubs for sums unthinkable a few short years ago. And the ballooning wage bill of the English Premiership, which by virtue of having the world's largest TV audience is also its most lucrative soccer league, would have analysts in any other industry muttering anxiously...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

...United team that finished last season as champions of both England and Europe, it's a seller's market. The Manchester club have the Portuguese star on contract for four more years (after which, if he's not sold, he becomes a free agent) at a weekly wage of $240,000. Real Madrid wants to pay $120 million (of which Ronaldo would keep $12 million, the rest going into the coffers of Manchester United) to sign him - and to persuade the player to make the deal, it will raise his salary to $400,000 a week. And the mutinous grumbling...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

...surge of imported staff has led to complaints that outsiders are reaping a disproportionate amount of the benefits of Macau's boom. "We locals are losing our jobs and the government couldn't care less," gripes Chan Chi-wan, a 50-year-old construction worker. In many cases, moreover, wage increases are being offset by soaring inflation, currently running at an annual average rate of about 9%. Frustrated Macanese have taken to the streets in protest several times over the past few years. Although citizens have no history of civil disobedience, during a May Day labor march last year, workers...

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

...quickly enough to the city's growing problems. A light-rail system, needed to ease congestion in the city, was first proposed in 2003 but construction still hasn't begun. Labor advocates have demanded the government further restrict competition from foreign workers, build public housing and raise the minimum wage to alleviate the financial strain in the working class. Ho's administration was also brushed by scandal when his former Transport and Public Works Secretary, Ao Man-long, was sentenced to 27 years in prison in January for taking kickbacks on construction projects...

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

...raised the minimum wage, made college more affordable with the biggest bill since the GI Bill was signed in 1944, passed a historic energy bill with emission standards. But we didn't end the war, and I think that's why people have a negative view of Congress...

Author: /time Magazine | Title: 10 Questions for Nancy Pelosi | 7/31/2008 | See Source »

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