Word: raj
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Dates: during 2000-2009
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...rooted in free markets and leaned toward state control. In India, for example, Jawaharlal Nehru, its first Prime Minister, saw imperialism as an outgrowth of free capitalism; only the state, he figured, could be entrusted to improve the livelihoods of the poor. The result was the bizarre License Raj, a bewildering maze of regulation that hamstrung private enterprise. By 1990, the system had produced outdated, uncompetitive companies and a near bankrupt government. India only started to boom once intrusive state regulation was scrubbed away, in a bold reform effort led by Manmohan Singh (the current Prime Minister) beginning...
...display the same obsession for family ties and first love, and are just as unashamed in pushing feelings of joy and despair to the apogee of passion. Jamal's search for his long-lost lifetime love Latika is the stuff of Indian-pop films from the Raj Kapoor era to today. True to its roots, Slumdog, adapted from the novel Q&A by Vikas Swarup, ends with a chastely rapturous kiss and an all-out dance number, composed by Bollywood deity A.R. Rahman. Despite its elements of brutality, this is a buoyant hymn to life, and a movie to celebrate...
...dented by sliding property prices. India's property market, which has seen 30% to 50% annual price growth in recent years, is weakening. "The sustained climate of high interest rates, combined with an equity bear market, has been putting downward pressure on pricing across real estate asset classes," says Raj Inamdar, chief investment officer at SRM Realty Advisors in New Delhi. China, where construction of commercial and residential projects has been especially rampant, may be facing "an imminent bust of a real estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central...
...managed one of the earliest call centers, among other things processing mortgages for an Australian finance company. Theroux sets up this section by noting that "in the seventeenth and eighteenth centuries, Indian labour had been exploited for its cheapness. Coolie labour was the basis of the British Raj ... Again I recognized the paradox, that India's poor were its wealth...
...note a remarkable similarity among the children in your excellent article "Watching What They Eat": an alarming lack of supervision or structure, resulting in indiscriminate snacking and imbalanced diets [June 23]. The juvenile--obesity epidemic cannot be conquered until breakfast and dinner become daily family events with parental modeling. Raj U. Dugel, LOS ANGELES...