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...lands in 22 states; 84 riverboat or dockside casinos ply the waters or sit at berth in six states. And with local governments struggling to close budget gaps, slots and lotteries are booming. All told, 48 states have some form of legalized gambling--and none of that includes the wild frontier of the Internet. By 1996 the annual take for the U.S. gambling industry was over $47 billion, more than that from movies, music, cruise ships, spectator sports and live entertainment combined. In 2003 the figure jumped to over $72 billion...

Author: /time Magazine | Title: When Gambling Becomes Obsessive | 7/25/2005 | See Source »

Over the past year, wild speculation and furious debate have turned the future of the Chinese currency, the yuan, into the hottest and most polarizing topic in the global economy. Pegged to the U.S. dollar since 1994?meaning that when the value of the greenback rose or fell, so did the yuan's?China's currency had come to embody the industrialized world's fears of a hypercompetitive mainland staging a hostile takeover of global manufacturing. Led by the U.S., critics accused China of clinging to the dollar peg in order to keep the yuan artificially weak, making its exports...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...About 900 Tannese live in Ianapus, a hamlet where the laden branches of wild mandarin trees hang over small, dark-roomed dwellings thatched with leaves, and dogs and pigs lie in the dust. The tourists who fly half an hour south to Tanna from Port Vila, the capital, come mainly to see the molten belching of Mt. Yasur, the island's live volcano, and rarely visit places like this, self-sufficient communities connected to the world beyond their borders by little more than a web of narrow walking tracks. Money isn't seen here much, either. While few Tannese villagers...

Author: /time Magazine | Title: Turning Back the Clock | 7/25/2005 | See Source »

...Charles?s divertissements or Theo?s trading of Nomar. They?ve kept the game fun-even, often, funny-for the fans. Here was another idea that at least made you perk up, and probably made you smile. ?The Big Guy in the pen,? you said to yourself. ?Wild. Well...

Author: /time Magazine | Title: The Champs at Midseason | 7/22/2005 | See Source »

...should say, many of us BLOHARDS, myself included, have a soft spot for Zimmer. Just last year, when I and a tablemate were dissecting Francona during the spring luncheon, I wondered aloud how many World Series Zim might?ve led the Sox to in a wild-card era. ?Yeah,? said the other fellow. ?Zim wasn?t so bad.? The Sox were going good at that time in the spring of ?04, and in such periods, when the boys are winning at a spirited clip, the BLOHARDS are sweet and charitable folk...

Author: /time Magazine | Title: A Brief History of the BLOHARDS | 7/22/2005 | See Source »

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