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...ever, with outsourcing giants like Infosys and Tata Consulting Services growing very robustly. Their success has created a huge middle class for which 12% inflation is more of a nuisance than a worry. The long-term future of the Indian middle class is secure. The factors that have driven its success - a sure grasp of English, a facility with technology, a talent for innovation - will continue to be important in the global economy...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

...they ever thought that washing the floors, driving the cars and cleaning the windows of the middle class would open the doors to a better life, they know now that they were wrong. With prices rising, their savings are being eaten away. Higher food and fuel prices are being driven by big changes in the global economy that look set to continue. Even the most cheerful optimist in the past decade has seen the huge divide between the haves and have-nots, but the hope has persisted that it would somehow go away. Inflation has set like cement into that...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

...faux-medieval palace, the real Leticia Giménez-Arnau, great-granddaughter of Spanish dictator Francisco Franco, married her Salvadoran boyfriend in what was no doubt an appropriately austere ceremony. In the other, considerably more rambunctious celebration, an actress playing Leticia arrived at the wedding scene in a convertible driven by a Moorish guard (complete with requisite fez). Greeted with fascist salutes and the extravagant leering of a pompous archbishop, the lovely bride was given away by the familiarly paunchy figure of the caudillo himself, "resurrected" for the occasion by a local comedic theater troupe...

Author: /time Magazine | Title: The Fight over Franco's Palace | 8/12/2008 | See Source »

...trunk of a parked car in Mexico City. Near the body was a note, which read, "For not paying, yours truly La Familia." The boy had been asphyxiated more than a month earlier, having been kidnapped some 53 days previously when the armored vehicle in which he was being driven was stopped at what appeared to be a checkpoint of the AFI, Mexico's Federal Agency of Investigations. The kidnappers wore AFI uniforms and insignia, according to information revealed to police by a bodyguard who survived to tell the tale. The body of the driver had been sent...

Author: /time Magazine | Title: No Help for Mexico's Kidnapping Surge | 8/8/2008 | See Source »

...China's heavy-handed policies in both Xinjiang and Tibet. "We have to watch the government's reaction carefully," says Bequelin. "They shouldn't use this as an excuse to become even more oppressive. If people don't have the space to express the grievances they will be driven to support more extreme means of demonstrating their discontent...

Author: /time Magazine | Title: An Olympic-Sized Security Blanket | 8/8/2008 | See Source »

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