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...estimates that the amount of personal loans held by Indians nearly doubled from 2005 to 2007, to $106 billion; the country's credit-card industry has been growing at an average annual rate of nearly 30%. "There was an environment that was building up irrational exuberance," says Alam Srinivas, author of The Indian Consumer. "No one thought that anything could go wrong. The party never seemed...

Author: /time Magazine | Title: The Wages of Consumerism | 10/2/2008 | See Source »

...master of juggling e-mail, voice mail, cell-phone calls and the like? No, you're not, says this slim fable-cum-manifesto against multitasking. The author, a business coach, gently ridicules the idea that anyone can concentrate on two things at the same time. What we're really doing, he says, is "switchtasking"--switching back and forth quickly and inefficiently from one task to the next. And when we give people our segmented attention and piecemeal time, says Crenshaw, "we end up damaging relationships." So put down that damn BlackBerry, as it were...

Author: /time Magazine | Title: Business Books | 10/2/2008 | See Source »

...Carnegie Hall? goes the old joke: Practice, practice, practice. The author, a FORTUNE editor and columnist, is not a big believer in innate talent. "Great performance is in our hands far more than most of us ever suspected," he writes in this provocative book. But ordinary practice isn't enough for extraordinary results. Colvin is a believer in "deliberate practice," highly mentally demanding activity designed to improve performance, which should be repeated a lot--with feedback. Oh, yeah, says Colvin, "It isn't much fun." But it delivers...

Author: /time Magazine | Title: Business Books | 10/2/2008 | See Source »

...that stills the heart, with words that inject dread into the populace. And Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and President George W. Bush used none of them. "The case wasn't made as to why the little guy needs this," says Paul Slovic, author of The Perception of Risk and a psychology professor at the University of Oregon. "The numbers and vague warnings are too abstract...

Author: /time Magazine | Title: Why Aren't Americans Buying the Bailout? | 10/1/2008 | See Source »

...crackdown on sagging not only has strained relations between young black men and law enforcement but it could also have a significant economic impact on inner-city residents struggling financially, says Tricia Rose, a professor at Brown University's Department of Africana Studies and the author of the forthcoming book The Hip Hop Wars: What We Talk About When We Talk About Hip Hop - And Why It Matters. The average median household income in Riviera Beach is about $10,000 lower than that in the rest of the country, and the city's per capita violent-crime rate is higher...

Author: /time Magazine | Title: A Saggy-Pants Furor in Riviera Beach | 10/1/2008 | See Source »

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