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...heart of India's insular business establishment - the last business group you'd have turned to for radical thinking, or owning anything abroad. The group's founder, J.N. Tata, was a nationalist driven by the idea of a strong, self-reliant India. He gave the country its first steel plant, first hydroelectric plant, first textile mill, first shipping line, first cement factory, first science university, even its first world-class hotel. His successors - among them J.R.D. Tata, India's first pilot - created the first airline, first motor company, first bank and first chemical plant. But after independence...

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

...paid by budget business travelers in India today. That same desire to market to, and invest in, some of the world's poorest countries is behind Tata's affinity for Africa. In South Africa, the group has investments in mining, tourism and engine manufacturing. There is an instant-coffee plant in Uganda, a bus factory in Senegal and a phosphate plant in Morocco. "We look at countries where we can play a role in development," says Tata. "Our hope in each is to create an enterprise that looks like a local company, but happens to be owned by a company...

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

...that VW may have a broken business model in the U.S. Unlike BMW or Mercedes-Benz, VW can't charge the rich prices necessary to offset the cost of exporting from Germany. And unlike its German rivals, VW doesn't make cars in the U.S.--its one American plant shut in 1988--a problem given the dollar's slump versus the euro...

Author: /time Magazine | Title: How VW Can Get Hot Again | 10/22/2006 | See Source »

...demand makes an easily grown weed literally worth its weight in gold. The only clear winners in the war on marijuana are drug cartels and shameless tough-on-drugs politicians who’ve built careers on confusing drug prohibition’s collateral damage with a relatively harmless plant. The big losers in this battle are the taxpayers who have been deluded into believing big government is the appropriate response to non-traditional consensual vices. ROBERT SHARPE Arlington, Va. October 10, 2006 The writer is a policy analyst for Common Sense for Drug Policy...

Author: By Robert Sharpe, | Title: U.S. Government’s Marijuana Policy is Nonsensical | 10/13/2006 | See Source »

...with sadness how relaxed such meetings used to be, and how tense and paranoid, even Soviet, they've become. We didn't talk so much as whisper, all the while eyeing the felt-covered furniture around us, half expecting a bearded agent to pop out from behind a fake plant, or the waiter to slip a listening device under the sugar bowl. Instead of discussing how Iran could avoid a nuclear crisis with the West, we talked about how we could avoid being labeled enemies of the state. Who cares about uranium enrichment when you spend your days and nights...

Author: /time Magazine | Title: Paranoid in Tehran | 10/6/2006 | See Source »

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