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...toward lifting more of its people out of despair will help define the nation's future. The country's pro-growth Prime Minister, Manmohan Singh, has said he dreams that Bombay will someday make people "forget Shanghai"--China's financial capital, whose modern gleam is a reminder of the gap between India and its eastern rival. Right now it's not much of a contest. India's GDP (gross domestic product) growth was 8.4% last year vs. 10% for China, while foreign investment in India was an estimated $8.4 billion, compared with $72.4 billion in China...

Author: /time Magazine | Title: India Inc.: Bombay's Boom | 6/18/2006 | See Source »

...fact, both festivals, in addition to carryingWoodstock's counterculture DNA, share a vision of the rock festival as a 21st century tribal gathering that fills a gap left by other social institutions. They also share a recognition that the ability of music to bring different people together is a source of its primal power. But in a digitally fractured, politically ruptured world, the real appeal of communal grooving may be as simple as the linguistic translation of Bonnaroo: a Creole word for "good times...

Author: /time Magazine | Title: Rock and Radiohead in Tennessee | 6/16/2006 | See Source »

...pensions and personal savings, the typical working baby boomer is accumulating enough assets to replace just 60% of his or her preretirement income, according to a Fidelity Investments survey. The firm estimates that to retire happily, an 85% replacement rate is needed, and it says boomers can close the gap simply by exploiting their 401(k). "Starting at 62, you may be in a little trouble," cautions Jeff Carney, president of Fidelity Personal Investments. "But at 50, you're in very good shape...

Author: /time Magazine | Title: Never Too Late to Save | 6/11/2006 | See Source »

...MCAS freak,” she adds, referring to the oft-maligned Massachusetts Comprehensive Assessment System tests. “But what MCAS, the 1993 Education Reform Law, and the No Child Left Behind Act have done is make us start focusing on improving scores and closing the achievement gap...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: Rebels With a Cause | 6/7/2006 | See Source »

...office has stepped up to fund the College’s projects, Summers has suggested frequently that the College needs to find a way to finance its initiatives on its own. “I felt in my years as president that there was a real gap in the adequacy of funding for student life and have fairly consistently tried to fill that gap,” Summers said in an interview with The Crimson last month. “Over time, I would think that the financial arrangements should be set so [these undergraduate initiatives] can be handled internally...

Author: By Alexander D. Blankfein, CRIMSON STAFF WRITER | Title: Undergraduate Life Cashes in on New College Fund | 6/7/2006 | See Source »

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