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...will India do it? The key to sustained 9% growth, says Rajat Nag, the managing director general of the Asian Development Bank, "is governance." Behind that new buzzword lies a fundamental truth. The successful modernization of societies, it turns out, is not just a question of economics - of getting the macroeconomic fundamentals right and letting market forces and the private sector do the rest. It depends also on having effective, clean governments, at every level down to the village, which do not waste economic largesse or appropriate it for the use of their own politicians and officials. That has long...

Author: /time Magazine | Title: The India Model | 11/23/2009 | See Source »

...dangerous street junctions or congregate in temple grounds where they peer through monsoon downpours with shotguns at the ready. One morning at the temple of Chang Hai Tok village in Pattani province, a batch of Iron Ladies, outfitted all in black, runs through military exercises. Surveying the training from behind a trio of Buddha statues, 60-year-old abbot Pracharoonkittisophano shrugs his shoulders when asked whether women twirling rifles, along with a shooting range behind his sleeping quarters, elicits any spiritual discomfort. "Guns are normal things in our world," he says. "I see them on TV all the time...

Author: /time Magazine | Title: Thailand: Aiming For Parity | 11/23/2009 | See Source »

Gasparino is one of the Street's war correspondents and at his best when describing the fall of Lehman. It's the key battle, in a sense, since Lehman was a major force behind the subprime-mortgage bonds that were the culprits in the collapse. Gasparino is particularly good at capturing--via the profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock...

Author: /time Magazine | Title: Business Books | 11/23/2009 | See Source »

...tubular steel chairs with their bands of stretched black canvas, a skeletal combination of lines and taut planes that looked like an X-ray of a chair. Even then, while factory production may have been the aspiration for many pieces, old-fashioned handcraft may still have been the method behind them. The interlocking grids of Albers' glasswork Goldrosa give it a rectitude that says "modern," but the complicated technique used to produce it was practically medieval...

Author: /time Magazine | Title: Haus Beautiful: the Impact of Bauhaus | 11/23/2009 | See Source »

...This time, though, the generals relented and democratic elections were held in late 2008. Hasina took office again with a massive mandate, giving many Bangladeshis hope that the country could finally put its destructive, divisive politics behind it. Years of political upheaval, analysts say, have damaged the rule of law in Bangladesh and created a culture of impunity for both powerful politicians as well as for a military that has often acted as a law unto itself. The Supreme Court verdict was a sign, says the Daily Star editorial, "that the wheels of justice have finally rolled...

Author: /time Magazine | Title: Can an Execution Help Heal Bangladesh? | 11/20/2009 | See Source »

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