Word: indianism
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Dollé, 63, is chief executive of Luxembourg-based Arcelor, Europe's biggest steel company, measured by revenue, which was formed in 2002 out of what was left of the French, Belgian, Luxembourgian and Spanish steel industries. Mittal, 55, is the Indian-born chairman of the world's biggest producer of steel, Mittal Steel, which he built up over the past decade with a slew of acquisitions, in the process making a fortune for himself estimated at $25 billion. The two men have known each other for years and, as board members of the steelmakers' international trade group, meet regularly...
...this new world, location is less important than cost efficiency, and highly mobile investors and entrepreneurs such as Mittal - an Indian national, based in London, with a company headquartered in the Netherlands - are making the rules. Even in Paris, amid the official fury and calls for the deal to be blocked, some acknowledged that the tide of history is turning against the old habit of looking at business in purely national or European terms. "I understand the astonishment and emotion" the bid caused, said Luc Chatel, a lawmaker from President Jacques Chirac's ump party. But he pointed out that...
...numbers," recalls Sisir Bajoria, a fellow Xavier's student. Mittal split from his father and two younger brothers in 1994 for reasons they don't discuss. He took the international arm, with interests in Indonesia and Trinidad and Tobago, and the rest of the family kept the domestic Indian business. Since then, Mittal has left the other side of the family behind. Over the past five years he has made about 20 acquisitions, buying up a network of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion...
...year 1500. So how, you ask, did they make vindaloo, that searingly, deliciously lavalike dish? They didn't. First the chili pepper had to make its way to India from the New World--kind of like long-distance takeout--catching a lift with Portuguese traders. In fact, the quintessentially Indian vindaloo is actually an adaptation of a Portuguese dish--the name is an Indianization of the Portuguese vinho e alhos (wine vinegar and garlic). Vindaloo is just one of the dishes examined in Curry. Part world map, part menu, this book is entirely delicious...
...years later, our newest fix of pessimism. Why? Our economic growth rate is second in the West only to tiny Finland's. It's probably just a symptom of $3 gasoline. Nonetheless, it's back. This time it's not Russia or Japan but other inscrutable foreigners, Indian and Chinese. What was once rather unkindly said about Brazil--"the country of the future and always will be"--I say of them. I'm not worried...