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...industries, particularly the crowded banking sector. The dream was that a single European currency would leap over national priorities and prompt banks to reach across borders for merger partners, the better to compete with America's megabanks. But a funny thing happened on the way to banking consolidation: nothing. Except for a few small deals, such as the 2000 takeovers of Bank Austria by Munich-based HVB, and Unidanmark by Swedish-Finnish lender MeritaNordbanken, banks have preferred to merge with homegrown rivals rather than competitors abroad. Until last week, that is, when the first big European cross-border deal...

Author: /time Magazine | Title: Banks Without Borders | 8/1/2004 | See Source »

...issues." Laverton's Wongatha Wonganarra Aboriginal community is luckier than some - it's dry. The first indigenous community in W.A. to enact plain-English by-laws to help its members stay out of trouble, it's a relatively peaceful and orderly town, with simple modern architecture and vegetable gardens - except when chairman Bruce Smith turns on his outdoor electronic keyboard: "I can make all the noise I want and entertain the fruit trees," he says...

Author: /time Magazine | Title: Spreading the Word | 7/29/2004 | See Source »

...their film and Asian themes.) "I wanted to build the ultimate party place," says George Maloof, 40, the brother who runs the hotel. "I wanted to make sure I cultivated young Hollywood. In the '70s, '80s and most of the '90s, Hollywood didn't really come to Las Vegas except for a big fight. Now it's every weekend...

Author: /time Magazine | Title: The Strip Is Back! | 7/26/2004 | See Source »

...sluts, but in Vegas this is a respectable job to the locals," says Sami, 33, who is known as the Fire Bitch because of her ability to light on fire a surprising number of her body parts. Sami says she's not that good at the gig, except for the fire part, because she's too straight-talking to give the guys the doting, ego-stroking GFE--girlfriend experience--for which they spend the big money. Sami doesn't drink, likes dogs a lot and just bought a really nice house. Toward the end of our chat, she lets...

Author: /time Magazine | Title: The Strip Is Back! | 7/26/2004 | See Source »

...designed to reel in mainlanders like Li Duoshan, a businessman from nearby Zhuhai, who once dropped a six-figure sum in one of Macau's VIP baccarat rooms. Li has lost money at the Sands too, but still pooh-poohs its competitors: "There's no music, no shows. Except for gambling, there's nothing else...

Author: /time Magazine | Title: Vegas Plays to the World | 7/26/2004 | See Source »

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