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...Even the royal collections have come to see the necessity of modern methods. Udaipur's City Palace recently archived more than 18,000 photographs in its collection that date back to the 1850s, and in April opened them to tourists for the first time. Kumar believes that the current maharaja is all too aware that the palace's financial viability depends on making it a world-class attraction, and a museum is part of the package. The proliferation of new galleries, and the increasing profile of the art market, is forcing Indians to think about how they value...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...Accompanying it is a new drive to display these private collections in public spaces. State-run museums are devoted primarily to antiquities and a handful of acknowledged modern masters such as M.F. Husain and Amrita Sher-Gil. The vast majority of modern Indian art is either in private homes or displayed only when it's for sale in commercial galleries. The Poddar family opened the Devi Art Foundation partly because the collection had overtaken their home, and also because, as Lekha Poddar explains, the artists had a significance beyond her own pleasure. Galleries would "constantly direct people to our home...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...with voters who believe politicians to be corrupt, venal and self-obsessed is an even taller order. And that is now Labour's task. The party has endured a long, slow decline, but its current crisis was triggered by one of the greatest press exposés of the modern age. It started when a former soldier and Conservative supporter called John Wicks contacted the Telegraph Media Group with a disc containing details of MPs' expenses claims. Quite how Wicks came by the disc remains a mystery, but its contents...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

...when a book editor suggested Bernstein write a memoir, he countered with an ambitious proposal for an intellectual history. The result was Capital Ideas: The Improbable Origins of Modern Wall Street, an improbably charming tale of index funds, mathematical options-pricing models and new theories of corporate finance. It was a success, and Bernstein followed it in 1996 with a big best seller, Against the Gods: The Remarkable Story of Risk...

Author: /time Magazine | Title: Peter L. Bernstein | 6/22/2009 | See Source »

...century, Hussein and a band of fewer than 100 people, including women and children, took on the mighty Umayyad dynasty in Karbala, an ancient city in Mesopotamia now in modern-day Iraq. They knew they would be massacred...

Author: /time Magazine | Title: In Iran, One Woman's Death May Have Many Consequences | 6/21/2009 | See Source »

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