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Dates: during 2000-2009
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...years, while the economy was projected to grow at 8% to 9%, top names in hospitality like Four Seasons and Aman were making forays into India to fill the huge supply gap in the top-end executive and leisure travel segments. Five-star room rates in key cities had grown by 40% year-on-year in 2007, and a report by Jones Lang LaSalle Hotels, the hotel investment and advisory service provider, had predicted India would need to add 150,000 new rooms in the next four years to keep up with demand. Now, much like other formerly glowing sectors...

Author: /time Magazine | Title: After Mumbai, India's Hotels Brace for a Sharp Downturn | 12/20/2008 | See Source »

...corn ethanol in particular - created more carbon emissions by accelerating deforestation than they saved by replacing fossil fuels. "It's definitely something we need to study," he said. Vilsack suggested that second-generation biofuels like cellulosic ethanol manufactured from switchgrass could solve the problem, particularly if it were grown on unproductive hillsides so that it wouldn't displace food crops. "You can get that stuff 25 feet high - and you don't need as much land or fertilizer or energy to grow it," Vilsack told me. "If we want to save the rain forest, we're going to have...

Author: /time Magazine | Title: Vilsack: Some Hard Choices on Ethanol | 12/18/2008 | See Source »

...their transactions. Investors have pulled billions of dollars out of the oil-futures market since the onset of the financial crisis three months ago, and, say analysts, Opec's ability to control the fluctuation of prices has diminished in recent years as the factors governing supply and demand have grown vastly more complex...

Author: /time Magazine | Title: OPEC Cuts Production in Effort to Reverse Price Slide | 12/17/2008 | See Source »

...boys and girls hold hands. As with the pencil lines on the kitchen wall, we've watched them grow through their small rituals. If ambition and opportunity spin us off in every direction, traditions reel us back to where we came from so we can see how we've grown...

Author: /time Magazine | Title: Listen to the Kids | 12/17/2008 | See Source »

...anniversaries, including 100 years after the promulgation of China's first constitution, 60 years after the adoption of the Universal Declaration of Human Rights and 30 years after Beijing's "Democracy Wall" movement. The charter was first signed by 303 intellectuals living in China, a number that has since grown to more than...

Author: /time Magazine | Title: Beijing Clamps Down After Call for Democracy | 12/17/2008 | See Source »

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