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...environment," says Ratan Tata. Ratan took over from J.R.D. in 1991. India was beginning economic reforms, and with state-sponsored monopolies on the way out, the new chairman saw the need to overhaul the firm's culture. He raised the conglomerate's stake in all its companies to a minimum 26%. And he ordered each to meet performance targets - to be first or second in its industry, and to meet quantified goals for leadership and innovation - or be sold. Most shaped up. Tata Steel, for example, shed half of its 78,000 workers between 1994 and 2005, using retirement...

Author: /time Magazine | Title: Shaking The Foundations | 10/22/2006 | See Source »

...success of the varsity and freshmen programs.Only five to 10 recruits help round out the heavyweight and lightweight freshman rosters each season, giving the Crimson just one boat comprised of recruited athletes. As many as three freshman eights compete in racing season—each team needs a minimum of 30 oarsmen and several coxswains—and both the heavyweight and lightweight programs depend on a steady stream of walk-ons. Freshman lightweight coach Linda Muri typifies the effort coaches put into finding walk-ons.“I went through all the athletic preference cards to find students...

Author: By Tyler D. Sipprelle, CONTRIBUTING WRITER | Title: HEAD OF THE CHARLES '06: Walking the Walk | 10/20/2006 | See Source »

...allies say they have also learned a thing or two since 2004 about bringing their voters to the polls. Where an anti-gay-marriage initiative energized religious groups in 2004, labor says its forces are seeing the same effect from a measure this year that would raise the state minimum wage. Ohio AFL-CIO President William Burga says his organizers are targeting the 496,000 union "drop-off voters," who show up for presidential years but not in midterm elections. Meanwhile, he says, union operatives in the field are sensing a distinct lack of enthusiasm on the other side, particularly...

Author: /time Magazine | Title: Campaign '06: No Politics Is Local in Ohio | 10/16/2006 | See Source »

When Pyongyang declared the success of its test, Japan swore it would continue to abjure nuclear arms. At a minimum, however, the incident will surely spur Japan's efforts to develop a missile-defense system in cooperation with the U.S. That, in turn, is bound to anger China and could push Beijing to spend more on nuclear weapons to ensure that Japan doesn't feel invulnerable. An icy East Asian cold war and a very hot arms race between Japan and China are a greater prospect now than they were a week...

Author: /time Magazine | Title: When Outlaws Get The Bomb | 10/15/2006 | See Source »

...avoid penalties? Call the card issuer and ask to have them removed. If you are a good customer, the issuer may let you off the hook once or even twice. And when you get a bill, make the minimum payment immediately and another payment as soon as you are able. Managing your credit cards takes some effort; avoiding 21,000% interest is worth...

Author: /time Magazine | Title: How Credit Cards Soak You | 10/15/2006 | See Source »

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