Why India’s Communists Are Losing Ground

For decades, they have been a familiar sight in the sun-kissed Indian state of Kerala or the country’s crumbling eastern metropolis of Kolkata. The somber portraits of dead white men — a bearded Marx, a bespectacled Lenin, and Stalin, his moustache bristling — peer down at passers-by from banners strung up over palm trees or street-corner billboards, accompanied by the less-hallowed visages of local comrades. India’s Communists have been key players in the hurly burly of the world’s largest democracy, dominating the ballot box in states like West Bengal, where Kolkata is the capital, and where a Communist government has ruled for over thirty years.

Share

Fortunes Fade for Macau’s Casino Kings

For most of the past five years, the Chinese gambling mecca of Macau seemed a sure bet. After the local government ended a decades-old gaming monopoly in 2002, some of the biggest casino and hotel operators in the world rushed in with new projects, eager to tap into the hoards of wealthy Chinese who increasingly flocked to the “Asian Las Vegas.” The first American company to enter the market was Las Vegas Sands, which opened the Sands Macau casino in 2004 — and earned back its $285 million investment in only a year. U.S

Share

Zhao’s memoirs revive Tiananmen

When I first saw Zhao Ziyang up close in 1987, he had just become the new party chief at the closing ceremony of a landmark Communist Party congress. Zhao seemed on top of his game: relaxed, confident and poised to break the old Communist mold. Inside the Great Hall of the People, he walked around an elongated U-shaped table, set up for a “cocktail reception” for Chinese and overseas media.

Share