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When Ratan Tata, chairman of Indian conglomerate Tata Group, spoke to TIME earlier this year, he urged his countrymen to dream big. India, he said, should "be bold. It must look at the future ... It must look big, and look out." Last week he showed just what he meant: Tata Steel, part of his sprawling $22 billion empire, made an $8 billion bid for the Anglo-Dutch steel manufacturer Corus. The deal, accepted by Corus' board last Friday, creates the world's fifth-largest steel company and is the largest Indian takeover of a foreign company ever...
...scientific breakthroughs, innovation and entrepreneurial efforts that have characterized Silicon Valley's impact in microprocessors, PCs, biotechnology, telecommunications and the Internet," Khosla tells TIME. The promise of today's green tech boom, however, isn't just sky-high IPOs. Khosla is betting that his investments, along with his own bold policy ideas, will speed the creation of a clean tech economy and drive energy independence...
...super-group of instrumental greats. Formed when saxophonist Wayne Shorter and pianist/composer Joe Zawinul left their prestigious positions in the Miles Davis quintet, the group, whose roster featured an ever-changing list of talented sidemen, began experimenting with the possibilities of jazz fusion—a bold mixture of rock music, funk, soul, and world music. In pursuing Davis’ experimental leanings as displayed on “In A Sentimental Mood” and “Bitches Brew,” the group created some of the most innovative and dynamic jazz on record over...
...control, open-contribution projects such as arXiv, Apache, Linux, and Wikipedia have all competed well against similar proprietary initiatives for this reason: Established or presumed credibility is the main metric by which members of open cooperatives decide how much weight to attach to any contribution. Perelman’s bold claim of having proved Poincaré was taken seriously at its outset only because Perelman was already an established mathematician. Such attention would not be accorded to a novice, whose work would be met with skepticism. This hierarchy is a huge incentive for serious scientists to submit only preprints...
...have to be introduced during the start of the new Congress in January; a change in leadership could further complicate matters. For now, it looks like the most we can expect is more hearings in January, when the only thing we know for sure is that politicians will make bold new promises to crack down on pretexting...