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...consumer goods, has driven some farmers into crushing debt. The financial hardships are so extreme that thousands, including Pravin, commit suicide every year. Far from benefiting from the country's new prosperity, whole villages of India's rural poor are being left adrift, eager to join in the boom but unable to afford...

Author: /time Magazine | Title: Seeds of Despair | 5/17/2007 | See Source »

Detroit got into this benefits predicament because of a not entirely conscious policy decision by Washington after World War II to encourage corporations to provide health care and pensions (most other affluent countries gave government a bigger role) in lieu of inflationary wage hikes. During the decades-long economic boom that followed, this system worked spectacularly well--especially for employees of Detroit's prodigiously profitable Big Three...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

RAJIV MEHTA, OWNER OF AN INTERIOR-DESIGN company in New Delhi, has come to dread his frequent business trips in India. Typically his flight approaches its destination only to have to circle the airport because of congestion on the ground. Thanks to India's economic prosperity and the booming growth of its airline industry, more Indians are flying today than ever. But they are enjoying it less, because more than half of all domestic flights are delayed 30 min. or more. "We needed this boom because people need to travel and we need choice," Mehta says. "But in some ways...

Author: /time Magazine | Title: Altitude Adjustment | 5/17/2007 | See Source »

...Zing! Boom...

Author: By Peter J. Martinez, CONTRIBUTING WRITER | Title: Final Bell Lap: Reflections on Harvard | 5/17/2007 | See Source »

...Middle East is not just about Iraq. The Middle East has both challenges and opportunities. Many countries in our region are experiencing a massive economic boom. It's a very youthful region, and the young by nature are hopeful, optimistic and innovative. The world shouldn't overlook our successes and achievements...

Author: /time Magazine | Title: 10 Questions for Queen Rania | 5/10/2007 | See Source »

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