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...Peter Munk, 80, the Hungarian-born Canadian who heads the mining giant Barrick Gold, that potential makes Montenegro a prime candidate for development. Relaxing in shorts and bare feet on his chartered 162-ft. (49 m) yacht on the deep blue waters near Tivat, Munk says Monaco was also a relatively backward town before it transformed itself - and swaths of the French Riviera with it - into the playground it is today. Tivat, or Porto Montenegro as the marina area is being renamed, will have a similar effect, Munk declares: "The whole Adriatic is going to be lifted up by this...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...idea for the development, says Munk, came to him while on holiday. For the past 20 years his family has chartered a yacht on the Mediterranean. In that time, he couldn't help noticing how the old marinas at Monaco, St. Tropez, Antibes and elsewhere had no easy way to expand even as more and more huge yachts came off the production lines. As a result, berth rental prices shot up. At Antibes, for example, they've risen nearly 30% in five years...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...becomes clearer on Saturday, when I end up at a yacht club party of professionals in their late twenties, mostly expats working in finance. After I get to the party, a group of us end up talking about languages...

Author: By Lingbo Li | Title: Breakfast in Cantonese | 8/8/2008 | See Source »

...rich should be more careful," warns National University social science professor Carlos Gallego, referring to a plethora of magazines that depict a free-spending lifestyle of "polo and yacht clubs, exclusive parties, cars, horses and trips," a lifestyle he says is "unattainable for 98% of the Mexican population in a country where more than 42% live under the poverty line." He is careful to make clear that this lifestyle is not in itself a reason for the increase in kidnappings, but he argues that it is another factor of the social discontent that contributes to the breakdown of institutions...

Author: /time Magazine | Title: No Help for Mexico's Kidnapping Surge | 8/8/2008 | See Source »

...Kinsley's comments on Clinton supporters lacking "progressive passion" and going "off in a snit" to pursue yachting: Wow, do I feel chastised. Maybe I'll sell my yacht and donate the proceeds to the Democratic National Committee. What on earth is this progressive passion? The Nobamas want exactly two things: a leader who is qualified and one whom they can trust. Obama does not qualify on either count. I'm a Democrat for McCain. May the best man win. Benita Canova, Gloversville...

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

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