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...Professor Tuan Chyau of the Chinese University of Hong Kong says that's exactly the point: the bridge could be the key to transforming the western delta. By cutting travel time between Hong Kong and Zhuhai by 30 minutes, Tuan estimates the bridge could boost the western delta's GDP by more than $11 billion and Hong Kong's by more than $2 billion. Tourism will benefit as well. Last week, China said it would allow Guangdong residents to visit Hong Kong without having to join a group tour, and by the time the bridge is complete, Hong Kong Disneyland...

Author: /time Magazine | Title: Spanning the Pearl Delta | 8/10/2003 | See Source »

...economic indicators have been downright schizophrenic. "If you look at GDP and output, you see an economy that isn't doing great, but at least it's O.K., it's growing," says Mark Zandi, chief economist at economy.com "If you look at jobs, the economy stinks...

Author: /time Magazine | Title: Money: How to Invest Now | 7/28/2003 | See Source »

...pension advisers Kohn Cougar, "it's possible your next employer will operate a transfer club for pension benefits, and will be willing to take your pension." And don't forget health benefits. According to O.E.C.D. projections, by 2030 pension and health benefits could account for more than 25% of GDP in France and Germany, up from just over 17% five years ago. No wonder corporate health benefits are on the rise. In 1993 in the U.K., almost 3.8 million people were covered by company health insurance; by 2001, the number was 4.7 million. Simon Pomeroy, of recruitment consultants Robert Walters...

Author: /time Magazine | Title: Surviving the Slump | 6/9/2003 | See Source »

...INDICATORS fits and starts More mixed signals from the U.S. economy. Analysts were pleasantly surprised by 1.9% first quarter GDP growth and corporate-profits that crept up 1%. But new jobless claims stayed high, at 424,000, and durable goods orders dropped 2.4% in April...

Author: /time Magazine | Title: Telling It Like It Ain't | 6/1/2003 | See Source »

...units are busier than most restaurants and hotels, prompting those two sectors to lay off or order mandatory unpaid leave for 60,000 employees. An economics professor believes unemployment in the city could reach an astounding 10%. Analysts have been rejiggering their spreadsheets to input SARS and output diminished GDP growth figures. Standard Chartered Bank cut its GDP growth forecast for Hong Kong from...

Author: /time Magazine | Title: Where the Scrubbing Never Stops | 4/21/2003 | See Source »

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