Word: driven
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...released in 2000, and its follow-up, Amnesiac, only made matters worse. On many songs, the lyrics were distorted or unintelligible; the brilliant rock guitarwork was largely replaced with electronic blips and keyboard-driven sound poems. Detractors harped that Radiohead had become pretentious and preening - more style than substance. But, to those who were listening closely, including a fair number of influential rock critics, the music was groundbreaking and sublime...
...Hail to the Thief, a turbulent, at times angry work released three years after Amnesiac, was greeted as a return to the band's guitar-driven roots and a reconciliation between its intellectual electronic side and its earlier, more guitar-based work. It was really more of a detante - the band's two musical tendencies rallying around a not-so-cryptic political stance. But in the new songs, perhaps because Yorke now has a separate outlet for his more personal yearnings, the fusion of urgency and detachment feels organic, unforced and fertile. Like Bonnaroo, Radiohead is bigger than ever...
...India's manufacturing sector isn't being driven exclusively by multinational cash and expertise. The country has a base of homegrown companies, like the Tata group, that are developing quickly, some of them with burgeoning international operations of their own. (See Tata story.) "Many Indian companies are dreaming of being world class," says Sanjiv Bajaj, executive director of Pune-based scootermaker Bajaj Auto. They're eliminating redundant staff, streamlining management and investing in modern production lines. A decade ago, Bajaj made one million two- and three-wheeled vehicles with 24,000 employees; today, it churns out 2.2 million with...
...into a modern economy. For much of their 138-year history, the Tata family companies were the heart of India's insular business establishment the last business group you'd have turned to for radical thinking, or owning anything abroad. The group's founder, J.N. Tata, was a nationalist driven by the idea of a strong, self-reliant India. He gave the country its first steel plant, first hydroelectric plant, first textile mill, first shipping line, first cement factory, first science university, even its first world-class hotel. His successors among them J.R.D. Tata, India's first pilot created...
...More immediate forces are also at work to keep prices from surging. Despite some wishful thinking, growth in Europe is slowing, not accelerating. A large part of U.S. growth has been driven by booming real estate prices. But in the past two years, the Fed has increased rates 16 times, so real estate-driven consumption is yesterday's news. Tomorrow's story will be the sharp fall in U.S. growth as consumers face higher mortgage costs. That dynamic could become particularly nasty, given the record level of U.S. household debt, government deficit and unequaled current-account shortfall...