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...Indian government estimates that the nation needs $200 billion of new ports, roads and other infrastructure. In December, the shipping ministry announced a $22 billion program to double the capacity of the country's ports by 2012; India has also embarked on a $50 billion program to add or modernize 40,000 km of highways over the next several years. The government is facing stiff opposition to another major reform of the country's onerous labor laws from labor unions and leftist politicians, but it is trying, at least, to get the process started. It is championing special economic zones...

Author: /time Magazine | Title: The Drive to Compete | 6/19/2006 | See Source »

...Initiatives like that are encouraging. "Add infrastructure and a flexible labor policy and boom! We'll have so much foreign exchange coming in we won't know what to do with it," says Rahul Bajaj, chairman of Bajaj Auto. But the country has made false starts on the road to modernization before. Is this time different? "I don't think this party can be spoiled," says Shirish Sankhe, a partner at McKinsey in Bombay. "No one wants to stay out of India...

Author: /time Magazine | Title: The Drive to Compete | 6/19/2006 | See Source »

...only 7% of secondary-school children, private schools are responsible for 68% of barristers, 42% of top politicians and 54% of leading journalists. Critics believe the escape hatch private schools give to rich parents means much of the country's élite is ignorant and unconcerned about state schools. Add the conviction that places like Eton exist mainly to preserve the privileges of those who already monopolize too many, and you understand why many in the postwar Labour Party wanted to abolish them. In the 1960s, Eton took that threat seriously enough to start contemplating a move to Ireland. Under...

Author: /time Magazine | Title: A New Kind of Elite | 6/18/2006 | See Source »

...allusive fun? The numbers in a Sudoku box are dry, curt, numbing; they live only in their own, square, self-contained universe; they refer to nothing but themselves. Numbers lack the allusiveness of words, their reverberations, their playfulness - how they rub up against one another and transform themselves. Add an S to comic and get cosmic; add one to laughter and get slaughter. You don't get this alchemy with numbers...

Author: /time Magazine | Title: Who Needs Sudoku? | 6/17/2006 | See Source »

...ourselves valuable income." Rising prices for uranium exploration stocks suggest that the market believes restrictions will end. But uranium can't be used for power generation until it's enriched. Australia has no enrichment facility. Even some opponents of nuclear power say it should build one, since enrichment could add millions of dollars a tonne to the value of uranium exports...

Author: /time Magazine | Title: Plugging in to Nuclear | 6/12/2006 | See Source »

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