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That outlook no doubt includes extending smart-phone services beyond major urban areas. In rural India, where Nokia controls around four-fifths of the mobile-phone market, according to Bernstein research, locals may not be quite ready for smart phones yet - but they will be. At the Mobile and More outlet in the city of Gwalior in central India, co-owner Gaurav Kukreja's best seller is a no-frills 2G Nokia. But, Kukreja says, "younger people from villages often go to cities to study. They come back well-versed with new technology, and with aspirations. They want the latest...

Author: /time Magazine | Title: Nokia Calling | 8/3/2009 | See Source »

While New York, London and San Francisco are some of the most popular destinations, swappers need not live in major metropolitan areas or palatial splendor to luck out with great swaps. Exhausted urban residents who need a break from the hubbub may be more than willing to swap their fabulous condo for a lakeside cabin in the middle of nowhere. "It may be a little bit tougher to find someone if you live in Nebraska than if you live in France," DiCaprio said. But it can be done. "Sell its virtues: kayaking, hiking over trails, trout fishing, some festival...

Author: /time Magazine | Title: Home Exchange: Trading (Vacation) Places | 8/3/2009 | See Source »

...negotiations came to an end on July 20 when California Governor Arnold Schwarzenegger and legislators announced they had reached an agreement to close the state's $26.3 billion budget shortfall. The deal employs a combination of shifted funds, massive borrowing and more than $15.5 billion worth of cuts to major government programs. Comparing the budget sessions to a "suspense movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly every member of the state workforce on a mandatory three...

Author: /time Magazine | Title: The World | 8/3/2009 | See Source »

...costs) as a way to create as many as 25,000 jobs and those who derided the combat plane as a relic of the Cold War. President Barack Obama, who threatened to veto the entire bill if the F-22 plans weren't eliminated, hailed the decision as a major victory for Defense Secretary Robert Gates in his effort to curb spending on outdated weapons systems...

Author: /time Magazine | Title: The World | 8/3/2009 | See Source »

...passengers, for balance, and they had to stay on opposite sides of the balloon at all times. The two men in question were Jean-François Pilâtre de Rozier, a young doctor who was exactly as dashing as he sounds, and the Marquis d'Arlandes, an army major. Their dialogue could not have been scripted better by Judd Apatow. (See pictures of Judd Apatow's war on Jay Leno...

Author: /time Magazine | Title: Science Feels Sexy in The Age of Wonder | 8/3/2009 | See Source »

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