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...obviously a family-run operation, must execute its ambitious agenda amid growing scrutiny, a by-product of going public. Critics say DLF, like the Indian property market itself, isn't transparent enough. There are questions surrounding the true value of DLF's recent land acquisitions, in part because 35% of the land on its books is not owned but under "agreement to purchase," according to IPO documents. Sydney-based Macquarie Research criticized the fact that more than half of DLF's land is in New Delhi, Gurgaon or Mumbai--where, some analysts believe, growth will lag smaller cities...

Author: /time Magazine | Title: Building a Dream | 8/17/2007 | See Source »

...Hollywood party on Aug. 16, 1977, word reached the celebrity revelers that the 42-year-old Elvis Presley had just died at his Graceland home in Memphis. Amid the murmurs of shock, one industry type noted, "Good career move...

Author: /time Magazine | Title: Elvis: The Last Romantic | 8/15/2007 | See Source »

...Food aid was a sticking point at the 2001 Doha trade talks, amid complaints that the U.S.'s insistence that its food aid be grown at home amounts to a subsidy. Many European NGOs argue that this policy, coupled with the U.S. law that 75% of food aid be carried by U.S. ships, means food often arrives too late, floods local markets and damages indigenous farming...

Author: /time Magazine | Title: CARE Turns Down U.S. Food Aid | 8/15/2007 | See Source »

...Hard boiled Wonderland and End of the World, 1985 A sci-fi tale set in the Tokyo of the future amid a technology war. In alternating chapters, the unnamed protagonist, the sole survivor of an experiment to implant decoder chips in humans, fights to reunite his mind and shadow. Winner of the Junichiro Tanizaki award, the Japanese Pulitzer...

Author: /time Magazine | Title: By the Book | 8/9/2007 | See Source »

...Amid low traffic and raunchy behavior, American Apparel and Starwood Hotels are a couple of the big brands that have pulled out of Second Life recently. Linden wants to keep others from jumping ship, since it makes money selling plots of land for as much as $1,675 apiece and charging owners $295 monthly usage fees. Some corporate outposts have figured out how to engage users and get valuable feedback. One of Second Life's big selling points, says Cory Ondreijka, Linden's chief technology officer, is "this porousness with information flowing in both directions." The site's financial success...

Author: /time Magazine | Title: Second Life's Real-World Problems | 8/9/2007 | See Source »

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