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...transformation. A decade of rapid growth has produced shopping centers and high-rise apartments--and most of the construction has taken place in the past five years. Old houses have been uprooted, replaced by bars and restaurants. The city's first multiplex cinema is about to open. A giant Smirnoff poster in the center of town announces, LIFE IS CALLING. In Indian cities like Mangalore, answering that call has brought consequences no one could have foreseen...

Author: /time Magazine | Title: My Lost World | 6/18/2006 | See Source »

...hadn't found it. In fact, I didn't recognize the neighborhood at all. Our house had been built on a paddy field, and you could see it from a couple of miles around. Instead of that paddy field, I now saw shopping malls, colleges, apartment blocks and a giant convention center sheathed in glass. The man's house was the only thing that looked anything like my old home. Had he bought it from my father? "I'm sorry," he said. "I built it myself eight years...

Author: /time Magazine | Title: My Lost World | 6/18/2006 | See Source »

...colleges, predictably, focus on computer education. They tempt young recruits with the prospect of rewards that would have been inconceivable before the outsourcing boom. A few outsourcing companies, including tech giant Infosys, have opened shop in town. A flood of new money has arrived, thanks to outsourcing jobs, surging real estate prices and expatriate remittances. As a result, many locals have become middle-class, upper-middle-class or even rich. One ad for "premium luxury apartments" promises, IF YOU'RE IN LIMELIGHT, THIS SUITS YOU THE BEST. AND IF YOU'RE NOT, THIS PUTS YOU IN LIMELIGHT...

Author: /time Magazine | Title: My Lost World | 6/18/2006 | See Source »

RELINQUISHING. Bill Gates, 50, Microsoft chairman and co-founder; his day-to-day responsibilities running the software giant, as of July 2008; in Redmond, Wash. The move will leave executives Steve Ballmer and Ray Ozzie, whom Gates named to succeed him as chief software architect, to face challenges from competitors like Google that provide user-friendly software over the Internet. Gates, a 2005 TIME Person of the Year, said he plans to focus more on his philanthropic work...

Author: /time Magazine | Title: Milestones Jun. 26, 2006 | 6/18/2006 | See Source »

Among policymakers in Washington, the new approach can be explained simply: India is the un-China. One Asian giant is run by a Communist Party that increasingly appeals to nationalism as a way of legitimating its power. The other is the largest democracy the world has ever seen. The U.S. will always have to deal with China, but it has learned that doing so is never easy: China bristles too much with old resentments at the hands of the West. India is no pushover either (try suggesting in New Delhi that outsiders might usefully broker a deal with Pakistan about...

Author: /time Magazine | Title: India Awakens | 6/18/2006 | See Source »

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