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...relevant trend here, says Ronnie Screwvala, CEO of rising movie company UTV Software in Mumbai, isn't Bollywood buying up Hollywood, it's new, cash-rich Asia buying old, status-rich America and Europe. Think Tata Motors buying Jaguar and Land Rover, or even last month's announcement that the Times of India group will buy Britain's Virgin Radio. The tremendous growth in some parts of the Indian economy over the past few years has created a group of companies that can suddenly buy assets globally. "Internationally they are very competitive and thanks to the downturn in places like...

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

...Much of the world would undoubtedly like to see the end of Mugabe's regime; by allowing a program of white-to-black land redistribution, begun in 2000, to be run by pro-government mobs who took farms by force and handed them to regime leaders with few farming skills, Mugabe has presided over the ruin of his agriculture-based economy. Four out of every five Zimbabweans is unemployed, inflation runs at an absurd 165,000% and millions of Zimbabweans now depend on foreign food aid. Meanwhile, Mugabe and the generals who back him have become increasingly brazen about their...

Author: /time Magazine | Title: Tsvangirai Pulls Out of Election | 6/22/2008 | See Source »

...Anheuser-Busch is the legacy of an enterprising German immigrant named Adolphus Busch, who married the daughter of a middling brewer, Eberhard Anheuser, in 1861. Brewing the blond and foamy lager of his native land and seizing on the science of pasteurization, Busch "brought bottled beer to the masses," in the words of biographers Peter Hernon and Terry Ganey. At Busch's death in 1913, A-B was the biggest beermaker in the country - a distinction the company never relinquished, despite a near death experience during Prohibition...

Author: /time Magazine | Title: Busch's Last Call in St. Louis? | 6/20/2008 | See Source »

...residents of India's modern cities have for years lived in neighborhoods composed on clearly discernible occupational lines - doctors, town planners, academics, journalists, lawyers, government bureaucrats and diplomats all living among their own. Most such neighborhoods have their roots in a decades-old government housing program that sells public land at below-market prices to cooperative societies, many of which are based on their members' occupation...

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

...Morocco and Turkey, among other countries. But Syria is a particularly good place to pick up rugs and has been ever since Silk Road travelers from the great weaving cultures of Central Asia passed through this final arc of the Fertile Crescent on their way to the Holy Land...

Author: /time Magazine | Title: How to Buy an Oriental Rug | 6/19/2008 | See Source »

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