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...Nath and other government officials have been trying to reassure businesspeople and the markets that slower growth is a good thing - it might help get inflation under control - but the public isn't cheered. Opening this month is a new movie titled EMI, which stands for "equated monthly installments," an Indianism for an installment loan. The plot follows a thuggish Mumbai collection agent who, after hearing the touching stories of the people he is paid to intimidate, decides instead to help them resolve their crises by teaching them that more money isn't always the answer. "We made a film...

Author: /time Magazine | Title: The Wages of Consumerism | 10/2/2008 | See Source »

Here's how Imeem and MySpace Music stack up against each other. Both have rights to millions of songs from the four major music labels - EMI, Sony BMG, Universal and Warner Music. Both allow users to stream tunes for free on the Web and create playlists that can be shared with friends. MySpace Music has the tidier and more efficient interface, but its playlists cap out at 100 songs (or just 10 tracks, if users post them to their MySpace profile page). Imeem's playlists, meanwhile, are unlimited in length...

Author: /time Magazine | Title: MySpace Music: Not the Only Free-Music Game in Town | 9/29/2008 | See Source »

...face trial in the U.S. justice system rather than in military tribunals, welcomed the ruling. Since then government attorneys have presented few habeas corpus documents to justify holding the suspects, saying more time was needed to assemble and vet the evidence. "That is quite unbelievable in my mind," says Emi MacLean, staff attorney for the Center for Constitutional Rights in New York, which coordinates most of the Guantánamo cases. "These are men they have held for more than six years." Most, says MacLean, are either citizens of countries with little standing in Washington, or refugees with nowhere else...

Author: /time Magazine | Title: Six Years Inside Gitmo: A Journalist's Tale | 9/25/2008 | See Source »

...begin with, MySpace Music is free, and users get instant access to a vast library of songs. The site has inked deals to upload the catalogs of the four major labels: EMI, Sony BMG, Universal Music Group and Warner Music Group. Throw in songs from the 5 million artists who already have pages on the site, and MySpace has a pretty good starter...

Author: /time Magazine | Title: MySpace Launches a Free-Music Revolution | 9/24/2008 | See Source »

...make a major breakthrough: its first LP, Sigue Sigue Sputnik Flaunt It, will be released in July in Britain--complete with commercials. The record has the ambiguous distinction of being the first to hawk wares between the cuts. Eight to ten 20- to 30-second tracks on the EMI record will extol such salables as cellular mobile telephones and fashion and youth magazines. According to Sigue Sigue, each advertising track will cost roughly $1,500, and the promotion will also appear on the album sleeve. The point, says Bassist James, is to keep down production costs. Besides, he notes...

Author: /time Magazine | Title: BUSINESS NOTES ADVERTISING ROCK 'N' SELL IT | 7/21/2008 | See Source »

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