Word: lite
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...well-known in India for being traders and moneylenders who figure prominently in the leading business houses of India. The family left for Calcutta, a center of Marwari activity, where father Mohan Mittal became a partner in a steel company. Lakshmi graduated with a business degree from the élite St. Xavier's College in 1969 and joined his father's firm before branching out on his own. "He was very strong in numbers," recalls Sisir Bajoria, a fellow Xavier's student. Mittal split from his father and two younger brothers in 1994 for reasons they don't discuss...
...businessmen, and still regarded as much a part of the Indian business scene as his father and brothers. A few months ago, when Mittal moved into his swanky new home in Delhi, the guests at the housewarming included a Who's Who of India's business and media élite, many of whom had known the family for decades. It's now common to hear Indian businessmen hold up Mittal's success as an example of what Indian financial and managerial acumen can achieve, given the right global opportunities. Perhaps. But nobody asks this: Would Mittal have been as successful...
...Even the mighty U.S. economy cannot simply shrug off a doubling of the price of oil in two years, especially since - as Bush said - oil is "often imported from unstable parts of the world." Bush may describe Iran as a "nation now held hostage by a small clerical élite," but the slow, multilateral diplomacy that has characterized his Administration's approach to the crisis over Iran's nuclear ambitions is evidence that there are issues that directly impact the national interests of the U.S. that Washington cannot solve alone. So what are the forces that will shape our uncertain...
When figure skater Sasha Cohen decided to buy her first house, she picked an idyllic abode in Laguna Beach, Calif. With views of the Pacific Ocean on one side and rolling canyons on the other, it was the perfect location for the élite-level skater to repair to as she prepared for her second Olympic Games. There was only one problem. When the rains came, Cohen learned that the beauty and charm of the house hid a major flaw: it had been built on a shaky foundation and was in danger of sliding away...
...never particularly comfortable with his country-club world, anyway. His father William Clay Ford, brother of longtime chairman Henry II, chaired Ford Motor's finance committee and bought the Detroit Lions. His mother Martha Parke Firestone (yes, that Firestone) was already an auto blueblood. Although educated at the élite institutions of Hotchkiss and Princeton, Bill was especially interested in labor and what working people do. His passions tended toward sports, American history and the environment. His parents hoped he would not grow up a snob, and his mother drove him across town to play hockey in a working-class...