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Rolls-Royce is also facing greater competition from its old stablemate, Bentley, which has had phenomenal success in recent years with its lower-priced Continental line of luxury cars. Bentley sales, which consist primarily of Continentals, jumped from 6,576 in 2004 to 10,014 in 2007, before falling back to 7,604 last year...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...become cheerleaders for it. "Russia is ruled by the same people who own it," says Masha Lipman, a political analyst at Moscow's Carnegie Center. "It's not even a legitimate question to ask whether the 'oligarchs' ... work 'for the Kremlin,' for it is sometimes impossible to draw the line between the 'oligarchs' and the Kremlin...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...Dagva Enkhtsetseg, program manager for the Open Society Forum, an Ulan Bator - based organization that promotes public participation in civic life, points out that the neo-Nazis don't enjoy broad support. A graduate in Mongolian nationalism, she argues that hard-line nationalism's allure is subsiding as more young Mongolians are exposed to globalization or study abroad. That was evident during the presidential election in May, when bogus accusations that Democratic Party leader and eventual winner Tsakhiagiin Elbegdorj was part Chinese fell on deaf ears. "In the past that would have worked," Enkhtsetseg says...

Author: /time Magazine | Title: The Neo-Nazis of Mongolia: Swastikas Against China | 7/27/2009 | See Source »

...Lankan president Mahinda Rajapaksa sits at the head of a long banquet table, presiding over what looks like a hotel's lunch buffet. The mood is informal as Cabinet ministers, their clerks and assorted relatives and friends line up patiently to eat in the main dining room of Rajapaksa's official compound. Outside, on the streets of Colombo, he is the all-conquering hero. In May, Rajapaksa's government ended Sri Lanka's 26-year-long civil war against the separatist Liberation Tigers of Tamil Eelam (LTTE), and the capital's broad avenues are dominated by enormous banners glorifying...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

...know money buys luxuries like sports cars and Manolo Blahniks, necessities like groceries, and intangibles like preferential treatment. (When was the last time Donald Trump waited in line for anything?) Now there is evidence that just counting money can produce valuable psychological benefits. According to a new study published in the journal Psychological Science, thumbing through your cash can reduce emotional and physical pain as well as increase feelings of internal strength, fearlessness and confidence. The study also finds that there is an equally true flip side to this coin: When people are reminded of their recent spending, they report...

Author: /time Magazine | Title: Why Counting Money Can Make You Happier | 7/25/2009 | See Source »

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