Allen Dubberly

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The collective fortunes of the world's one hundred richest people have soared $200 billion to $2.1 trillion over the past year. | (Photo: Mehdi Taamallah/Getty Images)

Why Thailand gave up its dream of becoming a duty-free “Shopper’s Paradise”

Last month, Thailand proposed a plan to woo a special kind of tourist: Shoppers who splash out on expensive goods. The government would cut taxes on some imported luxury products—like designer clothes and high-end watches—to entice even more of the deep-pocketed, big-spending Chinese tourists who …

Every year on the last Monday of August, tens of thousands of people make the pilgrimage to the Nevada desert for Burning Man, a week-long celebration of art, music and general mayhem. Burning Man began as a small gathering in 1986 but has since grown to a spectacle of over 50,000 attendees. Despite its massive size, attendance is actually tightly regulated, and participants are selected from a much larger pool through a complicated, multi