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...growth in "filmed entertainment" over the past three years at 17%. The industry is now worth $2.4 billion a year. Though that is less than a tenth of Hollywood's take, India's industry should double in the next five years, while its American counterpart will be lucky to grow 15% or so in that period. The business side of Bollywood, once a byword for dodgy tax deals and shady financing, has gone legit in the past few years, too. Indian companies are now more professionally run, and a few innovators are far ahead of Western rivals in experimenting with...

Author: /time Magazine | Title: Spielberg's Bollywood Wedding | 6/23/2008 | See Source »

...world has changed on our watch. I didn't grow up knowing how to use a computer. So that instrument alone is highly symbolic that the world has changed. It's very fast, very dynamic, very fluid. A kid in Bangalore can come up with a program that could make Microsoft obsolete in two years. This is scary. This makes for great uncertainty. So what we're really worried about is the success of our kids. That's why we push them to achieve. And that's why we're focused on the Harvard, Yale, Princeton brand-name education...

Author: /time Magazine | Title: Are You Turning Your Child Into a Wimp? | 6/23/2008 | See Source »

...lack of increase in wages from 2007 to 2008 may also be cause for concern for graduates, said Harvard economist Lawrence F. Katz, who has studied student career choices. Wages typically grow between 4 to 5 percent each year, Katz said...

Author: By Adam M. Guren and Natalie I. Sherman, CRIMSON STAFF WRITERSS | Title: Harvard Graduates Head to Investment Banking, Consulting | 6/22/2008 | See Source »

...fact that wages didn’t grow for this class versus last year’s class is telling us that the economy is not very strong,” he said. “It is a little worrisome...

Author: By Adam M. Guren and Natalie I. Sherman, CRIMSON STAFF WRITERSS | Title: Harvard Graduates Head to Investment Banking, Consulting | 6/22/2008 | See Source »

...system, and India's cultural melting pot. People of the same caste historically shared the same job and community, working and living together, raising one another's children, passing on their trade to the next generation. The community into which they were born would determine whether a child would grow up to become a jeweler, a carpenter, a snake charmer, a rag picker, a midwife, a weaver or a cobbler. Although the caste system was outlawed in India's founding constitution 60 years ago, caste still shapes the lives of millions of people who continue to live in close-knit...

Author: /time Magazine | Title: Magic Abounds in a Delhi Slum | 6/20/2008 | See Source »

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