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...Mangalore and now lives in Bombay. As an old friend of his, I was sitting at the table with Adiga in London's Guildhall when he won, surrounded by people from his U.K. publishing house, Atlantic Books. The mood at the table was one of ecstatic disbelief. Toby Mundy, chairman of Atlantic, told me: "I'm completely gobsmacked. I'm completely nonplussed." To Mundy, this was not just a literary triumph but a commercial one. He reckons the book could now sell as many as a million copies worldwide, including 500,000 in the U.K. alone. Such is the financial...

Author: /time Magazine | Title: Celebrating with Booker Prize Winner Aravind Adiga | 10/15/2008 | See Source »

...There was remarkable agreement among all the economists here about what needed to be done," said Nobel economics laureate Stiglitz, who served as chairman of Clinton's Council of Economic Advisers. Any package must be "a comprehensive recovery program, not just based on trickle-down economics, not just giving money to the financial markets, but at least some of the money going directly to households, to meet infrastructure needs, to meet the variety of challenges facing our society today," he said...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

...Monday, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and FDIC chairwoman Sheila Bair announced a widely expected effort to inject $250 billion in government funds into the troubled U.S. banking system. The goal: to get banks lending again and keep the economy from grinding to a halt. The funds will come out of the $700 billion bailout package already passed by Congress...

Author: /time Magazine | Title: Another Try: Will Treasury's New Rescue Plan Work? | 10/14/2008 | See Source »

...interview after a panel about the partnership between government and business, former chairman of the Securities and Exchange Commission William H. Donaldson spoke about two regulations he viewed as absolutely necessary in the aftermath of the financial crisis: regulating the credit rating agencies—which he said didn’t pay enough attention to liquidity standards—and regulating exchanges of swaps and other derivatives, assets whose value is based on the value of other assets...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Business School Marks 100 Year Anniversary | 10/13/2008 | See Source »

...While the U.K. foreign office disputes the veracity of the briefing, the sentiments are echoed in diplomatic circles across Kabul and have even found traction in the U.S., which has long persisted in regarding Afghanistan as the "good war." Chairman of the U.S. Joint Chiefs of Staff, Admiral Mike Mullen, told reporters last week that "the trends across the board are not going in the right direction," and in a year in which violence has reached its worst levels since the U.S. invasion of the country in 2001, he voiced concerns that next year in Afghanistan could be even worse...

Author: /time Magazine | Title: Facing Reality in Afghanistan: Talking with the Taliban | 10/13/2008 | See Source »

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