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William Bissell inherited a company built on good intentions. His father, John Bissell, went to India in 1958 on a Ford Foundation grant, married an Indian woman and never left. The Bissells started a business exporting handmade textiles, and their company, Fabindia, thrived on sending traditional crafts to the West, just in time for the first wave of baby-boomer bohemian chic...

Author: /time Magazine | Title: Social Fabric | 2/22/2010 | See Source »

...John Bissell died, leaving his then 31-year-old son with a daunting choice. William could let the company coast (the export business was doing well, but handweaving limited the volumes that Fabindia could trade in). Or he could begin selling cheaper, machine-produced cloth, discarding his father's belief in the handmade. Instead, he took a third way. He knit together Fabindia's 40,000 individual artisans into a reliable supply chain and began focusing on the domestic market. Starting with a handful of boutiques, Bissell created a 110-store, $65 million national brand - without straying far from...

Author: /time Magazine | Title: Social Fabric | 2/22/2010 | See Source »

...from the financial crisis in better shape than their badly bruised neighbor. The gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf Cooperation Council, a loose political and economic union of gulf nations...

Author: /time Magazine | Title: The Lessons of Dubai | 2/22/2010 | See Source »

...John Avlon...

Author: /time Magazine | Title: Verbatim | 2/22/2010 | See Source »

...Shutter Island, $40.2 million, first weekend 2. Valentine's Day, $17.2 million; $87.4 million, second week 3. Avatar, $16.1 million; $687.8 million, tenth week 4. Percy Jackson & the Olympians: The Lightning Thief, $15.3 million; $58.8 million, second week 5. The Wolfman, $9.8 million; $50.3 million, second week 6. Dear John, $7.3 million; $66 million, third week 7. Tooth Fairy, $4.5 million; $49.9 million, fifth week 8. Crazy Heart, $3 million; $21.6 million, tenth week 9. From Paris With Love, $2.5 million; $21.2 million, third week 10. Edge of Darkness, $2.2 million; $40.3 million, fourth week...

Author: /time Magazine | Title: Box Office Weekend: Shutter Island Opens Big | 2/21/2010 | See Source »

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