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...What automakers have found in India is a country just entering the age of motorization, where still only 1% of the 1 billion-plus population owns a car. Although India trails the world's largest emerging car market - China - its sheer size gives it untapped potential that carmakers can't ignore. A decade ago, Mercedes-Benz was the only luxury-car brand in India. In 2006, BMW opened up shop, and it was soon joined by Audi. Though high-end business still only constitutes 0.5% of the overall Indian car market, the brands are already selling more cars than...

Author: /time Magazine | Title: Foreign Luxury Cars: Picking Up Speed in India | 1/12/2010 | See Source »

...certainly look again to Abu Dhabi, whose vast oil deposits make it by far the richest U.A.E. entity. It stepped up with $10 billion in support immediately after the global crash in 2008 and can be expected to do so once more; Abu Dhabi's ruling al-Nahyan family, as cautious as the al-Maktoums are daring, knows that it, too, will be dragged back by the demise of Dubai. A glance at the $600 billion-plus balance sheet of Abu Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light. And, as far as Dubai...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...higher with China. Japan seemed like a fearsome economic rival a quarter-century ago, but it wasn't really a political rival and, with a population less than half that of the U.S., it was unlikely ever to surpass the U.S. as an economic power. China, with its billion-plus population, seems destined to surpass the U.S. in economic clout, and it appears to have designs on rivaling the U.S. as a political and military power. Which means there's no easy way out of the U.S.-China trade impasse...

Author: /time Magazine | Title: U.S.-China Trade: Prepare for Continued Imbalance | 11/17/2009 | See Source »

...Snowe made it clear that her support on final passage is by no means assured, rattling off a laundry list of changes she'd like to see made. Other Republicans are also expected to offer amendments to reinstate some or all of the $500 billion in cuts to Medicare, especially the $100 billion-plus cut from Medicare Advantage, which subsidizes private insurers; to weaken or do away with the mandate; and to strip out any form of the public plan...

Author: /time Magazine | Title: Health Care Turns to Harry Reid After Key Vote | 10/14/2009 | See Source »

...contrast to Thaksin's iron-fisted approach, the current government led by Prime Minister Abhisit Vejjajiva has adopted a far more conciliatory attitude toward Thai Muslims. He has unveiled a $1 billion-plus economic stimulus plan for Thailand's deep south in an effort to counter deep-seated Muslim antipathy toward the central government. But despite the rubber-plantation and road projects, these three southernmost provinces have also turned into a giant militarized zone over the past couple years. Some 60,000 Thai military and police forces patrol the region, a troop surge that has frightened many locals who complain...

Author: /time Magazine | Title: Despite Outreach, Violence Is Up In Southern Thailand | 9/2/2009 | See Source »

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