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Along Zurich?s Bahnhofstrasse, home to the nation?s biggest banks and priciest jewelers, nerves are fraying. These are tough times for the Swiss financial services sector, which accounts for more than 10% of the nation?s gross domestic product and approximately 6% of jobs. The long slide of world stock markets is taking its toll on profitability and forcing bankers to work particularly hard to calm their well-heeled clients. Swiss banks have also borne the brunt of a successful tax amnesty mounted earlier this year by Giulio Tremonti, Italy?s Finance Minister. Italians repatriated assets valued...

Author: /time Magazine | Title: Silence Is Golden | 9/8/2002 | See Source »

...this cinematic curry is to their taste, Americans should sample Sanjay Leela Bhansali's supersplendiferous Devdas, which opened last week in 33 U.S. theaters. Reportedly the priciest movie in Indian history, Devdas could be the most visually intoxicating film ever. Its pristine, gargantuan sets inebriate the eye, even as the plot--rich boy (Shahrukh Khan) loves poor girl (former Miss World Aishwarya Rai) and suffers magnificently for it--seems drunk on luscious masochism. The dialogue is ripe enough to provide song cues for nine fabulous dance numbers. But the fervid emotion and visual chic are what make the thing sing...

Author: /time Magazine | Title: Going Bollywood | 7/22/2002 | See Source »

...this cinematic curry is to their taste, Americans should sample Sanjay Leela Bhansali's supersplendiferous Devdas, which opened last week in 33 U.S. theaters. Reportedly the priciest movie in Indian history, Devdas could be the most visually intoxicating film ever. Its pristine, gargantuan sets inebriate the eye, even as the plot?rich boy (Shahrukh Khan) loves poor girl (former Miss World Aishwarya Rai) and suffers magnificently for it?seems drunk on luscious masochism. The dialogue is ripe enough to provide song cues for nine fabulous dance numbers. But the fervid emotion and visual chic are what make the thing sing...

Author: /time Magazine | Title: Going Bollywood | 7/15/2002 | See Source »

...only a tiny minority of China's cybercaf?s is playing by the rules. Since the hourly charge is less than 50 cents at the priciest Shanghai outlets, city dwellers vow to keep surfing. "Coming to an Internet bar is cheaper than karaoke or a pub or a disco," says Zhang Guoming, a 34-year-old cybercaf? owner in Shanghai. "There's less harm in it than going elsewhere. Why are they trying to close us down...

Author: /time Magazine | Title: China, Unplugged | 7/8/2002 | See Source »

...spying gadgetry rather than on gathering human intelligence, and most of that money goes not to the CIA but to spy agencies within the Department of Defense, such as the National Security Agency (which does eavesdropping and code breaking) and the National Reconnaissance Office (which flies imagery satellites). The priciest gadgets are not always the ones suited to fighting the terrorist threat. During the past five years, while the U.S. spent billions of dollars to build and launch about half a dozen radar-imaging spy satellites, the CIA and others built 60 Predator unmanned aerial vehicles (UAVS) at about...

Author: /time Magazine | Title: Can We Stop The Next Attack? | 3/11/2002 | See Source »

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