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...this new burst of demand rapidly pushed up prices and attracted speculators, generating a frenzy in India similar to the ones that engulfed the U.S. and European markets. An Indian auction house, Osian's, even began marketing a sort of mutual fund for fine art. Artists, too, developed unrealistic expectations. "Everyone wants to be Damian Hirst overnight," says Mumbai gallery owner Jai Bhandarkar...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

Looked at one way, the results of the European parliamentary elections, held across the European Union's 27 member states last week, can be seen as a continent-wide rejection of the center left and an embrace of the center right - with some far-right candidates doing well, too. Socialist and social democratic parties were badly beaten, despite the global economic crisis and misgivings in Europe about unbridled capitalism. "Voters do not want socialism, they want a market system that works," reckoned Corien Wortmann-Kool, who was re-elected for the Dutch center-right CDA party...

Author: /time Magazine | Title: The Moment: European Parliamentary Elections | 6/22/2009 | See Source »

...Suppliers also hope that Fiat will transfer some of its well-honed diesel technology to Chrysler. Chrysler buys diesel engines for vehicles it sells in Europe, but it withdrew a diesel-powered Jeep Liberty from the U.S. market last year because the European-made engine didn't seem to meet the expectations of American consumers. Also, Chrysler needs a new diesel engine for export markets in Latin America and the Middle East...

Author: /time Magazine | Title: What Fiat Could Do for Chrysler (and Vice Versa) | 6/19/2009 | See Source »

...hope is that a Chrysler-Fiat alliance will make small, fuel-efficient diesel more acceptable to American consumers, according to a major European-based supplier of engine technology that works with Fiat. Fiat's new diesel, a generation ahead, is quieter and cleaner and burns low-sulfur fuel that would enable it to meet stringent new emissions regulations, he says...

Author: /time Magazine | Title: What Fiat Could Do for Chrysler (and Vice Versa) | 6/19/2009 | See Source »

...sources as "an absolute value, not a convenient principle." But what swayed the Belfast Recorder Tom Burgess was the risk to Breen's life. In his ruling, Judge Burgess said complying with the police request could lead to "a breach of [Breen's] right to life under the European Convention [on Human Rights]" "The Real IRA have killed, and attempted to kill, for much less. During the attack on the soldiers at Massereene barracks, the gunmen shot and seriously wounded two men delivering pizza to the barracks. Their crime? Collaborating with the British army, which, in the eyes of dissident...

Author: /time Magazine | Title: Journalist Wins Right to Withhold Information on the Real IRA | 6/19/2009 | See Source »

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