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...visually trippy Are You Experienced and Joni Mitchell's Clouds; of cancer; in Big Bear Lake, California. Among his fans, the easygoing art director counted high-profile artists, including Frank Sinatra, who let Thrasher title his 1973 comeback LP, Ol' Blue Eyes Is Back. DIED. Bismillah Khan, 90, ascetic Indian musician whose name became synonymous with the shehnai, the oboe-like instrument he played for audiences worldwide over a seven-decade career; in Varanasi. A Muslim who performed at countless Hindu ceremonies, Khan was seen as a symbol of Indian inter-religious unity and secularism. He played at the young...

Author: /time Magazine | Title: Milestones | 8/28/2006 | See Source »

...after his grandfather's death, he was no longer a real king, but he was still dizzyingly rich-the master of numerous palaces, a fleet of Rolls-Royces and five trust funds. Muslims in Hyderabad revered Jah, whose maternal grandfather was the last Caliph of Islam in Turkey; the Indian government hoped he would become a diplomat. But the impetuous young man, still sulking over the end of his kingdom, was more interested in tinkering with cars. Then, in 1972, he discovered Australia. After his first glance of the outback, he is said to have exclaimed: "I love this place...

Author: /time Magazine | Title: My Kingdom for a Sheep | 8/21/2006 | See Source »

...Over the next 20 years, Jah got his hands-or at least the hands of his Indian servants and hired Australian workers-very dirty. The rewards were not financial. He invested millions in heavy machinery of dubious utility, including an amphibious tank; but his sheep farm never turned a profit. He invested millions more buying a gold mine; but it produced little gold. With all the financial savvy of an eighth-generation royal, Jah once chartered a plane just to bring a can of hydraulic fluid to his farm. Although his business ventures flopped, Jah was enjoying himself immensely...

Author: /time Magazine | Title: My Kingdom for a Sheep | 8/21/2006 | See Source »

...hands of friends and advisors, but Zubrzycki suggests he was a poor judge of men. Large parts of his treasure vanished amid allegations that some associates were stealing from him. His legal troubles grew fantastically complicated. Each time he tried to sell his jewels, someone obstructed him-either the Indian government or one of the numerous relatives who apparently wanted a share of the booty. With many of his assets frozen in India's courts, Jah could no longer bail himself out of trouble as his Australian ventures failed. To pay off his debts, he sold his Perth mansion...

Author: /time Magazine | Title: My Kingdom for a Sheep | 8/21/2006 | See Source »

...India, too, is becoming a hot spot. Its pool of millionaires is growing roughly three times faster than China's, according to the 2005 World Wealth Report; Indian assets under management stand at $307 billion and have been growing roughly 15% a year, according to BCG. Much of the activity is now focused in Bombay, but Citigroup, for one, is planning for rapid expansion in other key Indian cities, too. "You need to be on the ground in Calcutta or Delhi to offer domestic products," says Citigroup's Sharma. In the next three to five years, he aims to have...

Author: /time Magazine | Title: Bespoke Banking | 8/21/2006 | See Source »

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