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RIDING OUT THE FUTURE WEALTH. WHAT’S IT TO YOU When finacial market become unsettled you may ned a co- pilot who’s seen it all before.to fiind out more about our views on the current iternational and private banking - finacial planning ivestment services - brokeage
BARCLAYS WEALTH
TOP OF THE WEEK
Too Rich to Feel the Church
the Changing ways of luxury market continue to surprise mainly (but not only)on the extravagant side side despite the credit crisis. Special Report Page 52. Cover: Photography by colin Anderson getty images
THE ISSUE World Affairs 24.china: one quake many shocks by mary hennock and melinda lin 28. Burma: Self-help and the seeds of change 29. The next burma by stephan Haggard and Marcus Noland 31.Terror:A new South asian haven? by feremy kahn 34.Britain A tory revival by William undermill Business 40. The reform king’s secret weapon by Zvika krieger 44. Why megacities work in China by Diana farrell Special report 52. Luxury looks recession proof, so far by Stefan Theil 60. the high life customized by Sameer Reddy 68. Exclusive label, high art or both? by Alexander A. Seno 88. Service rises To sky-high demand by Tara Weingarten Society & The Arts 94. The modern ways in Indian love by Fason Overdorf ____________________________ DEPARTMENTS 4. Periscope 5. Perspectives 23. World View 103. The good life 106. The Last Word
turning Rice into gold: Cambodia’s untapped oils fields and farms offer huge potetials for higher output
COMMODITY CRISIS
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The Unexpected Winners in the oil and Food Crunch. Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an
With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child
THE DIGIT
American workers in the environmental industry outnumber those in the pharmacuetical industry 10th to 1 according to the international labour Organization
Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child tack-
Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child tack-
Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child tackling inflation and reducing debt from 76 to 39 percent of GDP since 2001 but the country’s political situation recently destablized and its current accoudnt and trade deficts are rising While the turkey could still use the IMF approval to reasure inventors a more interesting quetion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion ) dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target market has plenty of access to capital.Turkey was the last very large program for the IMF notes Desmond Lachman an american
Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child tackling inflation and reducing debt from 76 to 39 percent of GDP since 2001 but the country’s political situation recently destablized and its current accoudnt and trade deficts are rising While the turkey could still use the IMF approval to reasure inventors a more interesting quetion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion ) dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target
Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s economic future. some of it’s warranted: turkey was an IMF poster child tackling inflation and reducing debt from 76 to 39 percent of GDP since 2001 but the country’s political situation recently destablized and its current accoudnt and trade deficts are rising While the turkey could still use the IMF approval to reasure inventors a more interesting quetion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion )dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target market has plenty of access to capital.Turkey was the last very large program for the IMF notes Desmond Lachman an american
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NEWSWEEK COLLAPSE Survivors in Beichuan Sichuan aged by the quake
province where almost every buliding was dam-
Beijing (CNN) -- The death toll may climb after a series of earthquakes in southwestern China killed at least 80 people and injured 731, a state-run news agency reported Saturday. More than 6,600 homes were destroyed and about 430,000 damaged in Friday's quakes, Xinhua said.
Deadly ors strike
tremChina
Initial estimates put the "direct economic losses" from the tremors at more than half a billion dollars, the news agency said.
Xinhua described the mountainous area hit hard by the quakes as poverty-stricken. It said telecommu7.6-magnitude quake nications and traffic rattles Costa Rican coast infrastructure were seriously damaged.
Premier Wen Jiabao inspected stricken areas early Saturday and visited the injured, the news agency reported. Wen will direct rescue operations. President Hu Jintao called for immediate relief efforts, according to China Central Television. Xinhua reported that 100,000 people have been evacuated and another 100,000 are in need of relocation.
Four earthquakes struck near the border of the provinces of Yunnan and Guizhou between 11:19 a.m. and 1:12 p.m. local time, the U.S. Geological Survey said. Their magnitudes ranged between 4.8 and 5.6, according to the U.S. agency. Strong offshore quake kills 1 in the Philippines The first quake took place near the border between Yiliang County in Yunnan and Weining County in Guizhou, Xinhua said. All four quakes struck at a depth of about 10 kilometers (six miles), the USGS said. The
southwestern
A spokesman for the local government's earthquake relief center said roads to the area had been severely damaged and police, fire fighters and volunteers were working to repair them. Xinhua said landslides and rock falls had also caused significant damage and were hampering rescue workers' efforts to reach affected villages. The Chinese government is under heightened pressure to respond quickly to potential sources of social unrest ahead of its sensitive, once-a-decade leadership change, which is expected to begin in the coming weeks or months. High casualties among children in the 2008 Sichuan earthquake sowed widespread public discontent in China. The government since promised to improve building safety, particularly in China's earthquake-prone southwest. The quake was widely discussed on China's popular online forums Friday, where many questioned how a moderate-strength earthquake appeared to have caused extensive damage to homes and infrastructure. The earthquake measured at a relatively shallow depth of 14 kilometers (8.7 miles), authorities said. "A sub-6 magnitude earthquake and schools again collapse," one person lamented on Sina Corp.'s popular Weibo microblogging service. It wasn't clear how many schools had been damaged in the quake, but some online users said one school damaged wasn't in session at the time the earthquakes struck late Friday morning. Yiliang county, which is administered by the nearby prefectural city of Zhaotong, has a population of 585,000 people, according to the local government, and has been designated by higher authorities as an area of particularly high poverty. The county's population is largely rural and harvesting rice, corn and other crops serves as a major source of income. Xinhua reported power and telecommunications in severely hit areas had been widely disrupted. —Kersten Zhang
upward curve- Shanghai (left) a full quarter of the work force holds a college degree
Jewelry That's More Than Wearable Art By FELICIA CRADDOCK Published: December 6, 2012 EDINBURGH — A cascade of ice-like stones, Wendy Ramshaw’s “Necklace for Marie Taglioni” was inspired by the 1940 work of the New York artist Joseph Cornell, “Taglioni’s jewel casket.”
The Cornell piece in turn paid homage to the ballerina Marie Taglioni who, according to legend, kept a cube of ice in her jewelry box to remind her of a night in 1835 when she had danced in the moonlight for a Russian highwayman, on a panther skin spread across a snowbound road. Like much produced by Ms. Ramshaw in a 50-year career, the resulting piece is more than jewelry; it is a work of art. “There’s lots of hugely successful jewelers, but Wendy’s a step above,” said Christina Jansen, director of The Scottish Gallery, in Edinburgh, which has for the past 30 years been the launching pad for all of Ms. Ramshaw’s major shows. “She’s in over 80 collections world-wide,” Ms. Jansen noted in a recent interview: “Her work has always been far more than just wearable art.”
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Vittoria realized if you wanted to convince people a sailboat might be as laxurious as a powerboat , you’d better build one big. He taught 58 meters would be enough but that proved far too small - because of the sailboat itself but because of all the “toys “ he wated to bring along quest a jet pro pelled tender four laser dingnis jets skie kayaks windsurfers and scuba gear. Given how big joes garage had to be.
Paying for to suffer
A in
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PRUNES, DECAF PAINFUL ARTS AND ICE HOTELS DERPERVISION IS THE NEW TREND IN HIGH END HOLIDAYS
A
Resort
of
one’s
Own
IN PURSUIT OF PRIVACY SOME TRAVELERS ARE RENTING OUT ENTIRE HOTELS FOR THIER FRIENDS AND FAMILIES
Columbia University School of Iternational and public affairs
Another Pillow for your Chocolate Sir? LUXURY COMPANIES SCRAMBLE TO ANTICIPATE THE SKYROCKETING EXPECTIONS OF THEIR CLIENTELE
REBEL BRIDES AND EX WIFES
As Indian gets more wealthy arranged marriage is giving way to more love weddings and divorces
Asia Raises the Gravel
WITH IS MECHANIC MARKETING THRIVING CHINA PASSES FRANCE TO BECOME THE THIRD BIGGEST AUCTION CENTER
SHINNING IN THE GLOOM
THE REST OF WORLD MAY BE FEELING AN ECONOMIC PINCH BUT FOR THE RICHEST OF THE RICH THE LUXURY SPENDING SPREE GOES ON UNFETTERED