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...India spent several years, and millions of dollars, promoting the story of "Incredible India," a shiny new world of prosperity, innovation and opportunity. That world certainly exists for millions of Indians, and for a while it was nice to believe that the lucky inhabitants of "rising India" would somehow lift up the other 900 million. It isn't quite happening that way, as most Indians are well aware, and the rest of the world is wising up. The story that the world is more interested in now is the one told by Slumdog Millionaire - the ugliness behind the glittering...

Author: /time Magazine | Title: The Oscar Goes To ... | 2/26/2009 | See Source »

Today, most Virginians seem unaware that the fate of the state's uranium mining moratorium is being discussed anew. The state coal and energy commission's study that might persuade the state's General Assembly to lift the moratorium could still take up to two years to complete. But already in rural Pittsylvania, which has one of the state's highest unemployment rates, debate is fierce. Supporters say new mining technology will allow miners to get the uranium safely, the mine would offer much-needed jobs to 300 people, and the uranium would fuel new reactors and help the nation...

Author: /time Magazine | Title: In Virginia, the Appeal of Uranium Mining | 2/23/2009 | See Source »

...recent global economic slowdown has put the brakes on Vietnam's decade of growth. The International Monetary Fund forecasts that Vietnam's GDP growth will slow to 5% this year from a high of 8.5% in 2007. Hit particularly hard has been the country's manufacturing sector, which helped lift millions out of poverty by providing relatively high-paying jobs. Declining orders from abroad have forced newly built factories to close, sending workers back to their villages...

Author: /time Magazine | Title: Corruption Undermines Vietnam's Stimulus Program | 2/23/2009 | See Source »

...revealed that a Holocaust-denying bishop, suddenly controversial in the Catholic Church, was living in the country. Richard Williamson had been living in a secluded seminary in the outskirts of Buenos Aires for five years when an international uproar erupted over the decision by Pope Benedict XVI to lift an excommunication order imposed upon him by the late Pope John Paul II. And so Argentina, already dealing with a worrisome resurgence of anti-Semitism, has decided to deport the prelate...

Author: /time Magazine | Title: Argentina Deports a Holocaust-Denying Bishop | 2/23/2009 | See Source »

...over-year sales. The average jump was 16%. (The survey was taken in August, before the financial meltdown. Auto-industry economists say repair growth slowed in the fourth quarter as customers deferred big-ticket maintenance jobs during the worst months of the downturn, and that pent-up demand will lift the numbers in '09.) (See pictures of the remains of Detroit: America's fading Motor City...

Author: /time Magazine | Title: Fix-It Nation: In Tough Times, Tailors and Cobblers Thrive | 2/20/2009 | See Source »

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