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...foolish policies of modern politicians and bureaucrats. The problem is not limited to the Bush Administration. Driven by concepts like cost cutting and lean government, shortsighted budget officials may save a few billion dollars, but they end up losing $50 billion when tragedies must be dealt with later on. Anil Kumar Aleti Hyderabad, India...

Author: /time Magazine | Title: Letters | 10/3/2005 | See Source »

...wise, pound-foolish policies of modern politicians and bureaucrats. The problem is not limited to the U.S. Driven by concepts like cost cutting and lean government, shortsighted budget officials may save a few billion dollars but end up losing $50 billion later on when tragedies must be dealt with. Anil Kumar Aleti Hyderabad, India The pictures of New Orleans showed that the people most affected were black, poor, vulnerable or sick. Was that the reason for the Bush Administration's delayed, apathetic response? The world watched in disbelief as a superpower that could send troops to fight...

Author: /time Magazine | Title: Letters | 9/29/2005 | See Source »

...Johannesburg. And in August, he returned to host a second series of the blockbuster television game show Kaun Banega Crorepati, the Indian version of Who Wants to be a Millionaire? "He's a mythic figure," says Bend it Like Beckham director Gurinder Chadha. Bachchan's friend, Reliance billionaire Anil Ambani, calls him "the biggest star India has ever known...

Author: /time Magazine | Title: The Big B | 9/26/2005 | See Source »

...Behind the scenes, however, the fissures inside Reliance were deepening. Internal company e-mails seen by TIME and excerpted in Indian newspapers suggest that relations between the brothers have been deteriorating rapidly since July, when Anil complained to Mukesh that the powers of the chairman and the managing directors at Reliance Industries had been redefined without his approval. "I sincerely hope ... we will revert to our earlier system of consultations/discussions/mutual consent," Anil wrote. Three months later, the tone of his missives had become more strident. On Oct. 25, Anil shot off a formal letter to Mukesh complaining that...

Author: /time Magazine | Title: Ownership Issues | 11/29/2004 | See Source »

...Millions of Reliance investors now want to know when the dispute will be resolved and whether Reliance will survive in one piece. On Nov. 25, speaking to reporters outside Reliance headquarters, Anil avoided referring to the dispute explicitly but said, "There are long hours, and there are going to be long days." The power-sharing agreement that worked for the past two years may now be irretrievably broken. Yet the brothers have every incentive to sit down and talk. "It's to the advantage of both to make sure that this does not drag on," says Martis. He points...

Author: /time Magazine | Title: Ownership Issues | 11/29/2004 | See Source »

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