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Unlike other emerging markets?China, Russia, Dubai?India has consistently had its share of superwealthy consumers. Western luxury brands aren't new to India either. In their heyday, the maharajas were enthusiastic customers for Louis Vuitton trunks and Boucheron and Cartier jewels as well as Osler chandeliers. What has changed radically is that there is a burgeoning middle class of 300 million people?growing by 25 million each year...

Author: /time Magazine | Title: Art Of The Deal: Luxury's New Lotus | 9/11/2006 | See Source »

Like Ports itself, Cibani arrived on Seventh Avenue via a 12-year detour in China. She was 19 when she decided to join her elder sister Fiona, then a menswear designer, at a Canadian company called Ports International. The company had its heyday in the '70s and early '80s when its clothes were carried by stores like Bergdorf Goodman. But by 1989 the brand had lost some of its stature and was purchased by Alfred Chan, a Canadian entrepreneur who was born near Xiamen and raised in Hong Kong. Chan married Fiona and made the unlikely decision to move...

Author: /time Magazine | Title: Sister Act | 9/11/2006 | See Source »

...against a rogue regime was as asymmetric as a turkey shoot, the same could not be said of a war against diffuse terrorist networks. It became fashionable in the years after 9/11 to speak of "Islamo-fascism." In reality, the enemy was more like communism in its heyday: international in its scope, revolutionary in its ambitions and adept at recruiting covert operatives in the West. The right tactic to defeat it was not conventional warfare but tedious intelligence work--monitoring telephone calls, tracking financial transactions, shadowing suspects, infiltrating cells...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

...Although iSuppli, a California-based research firm, says the cost of producing a camera will continue to decline, those cost reductions won't keep pace with plummeting consumer prices. If vendors don't want to compete on price they'll have to distinguish themselves in other ways. In the heyday of digital-camera sales, all they had to do was improve a camera's image resolution, measured in megapixels. But now that the march of the megapixels has advanced to at least five or six on most point-and-shoot cameras - a level above which the human...

Author: /time Magazine | Title: The Digital Camera Fights for Survival | 8/13/2006 | See Source »

...Annapolis, Md., just sold his four-bedroom home for $476,000 (which he bought for $280,000 in 2002). It wasn't easy. Hymas relandscaped the yard, spent $7,000 on kitchen upgrades and eventually dropped the price by $18,000. "People around us still live with a heyday mentality," he says. "They got used to the boom and were asking ridiculous prices." He made a command decision not to be greedy and moved...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

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