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That would be sweet vindication for a leader many moderate Democrats castigated as an out-of-touch liberal who would take the party perilously to the left when she became the top House Democrat in 2002. It would also mark a rapid rise for a politician who didn't run for office until she was 47. Pelosi grew up in a prominent political family in Baltimore, Md. Her father was the mayor for almost her entire childhood. After college, Pelosi and her husband Paul moved to New York City and then to San Francisco, where she became a leading Democratic...

Author: /time Magazine | Title: Don't Mess with Nancy Pelosi | 8/27/2006 | See Source »

...roughly three times faster than China's, according to the 2005 World Wealth Report; Indian assets under management stand at $307 billion and have been growing roughly 15% a year, according to BCG. Much of the activity is now focused in Bombay, but Citigroup, for one, is planning for rapid expansion in other key Indian cities, too. "You need to be on the ground in Calcutta or Delhi to offer domestic products," says Citigroup's Sharma. In the next three to five years, he aims to have as many as 100 offices and roughly 1,000 employees across India...

Author: /time Magazine | Title: Bespoke Banking | 8/21/2006 | See Source »

...country of destination," he says. "There is extreme poverty at one end, and a demand for manpower at the other." Virtually all agree that the two keys to solving the problem are for Europe to forge a single, comprehensive continent-wide immigration policy, and for Africa to achieve rapid economic development. And virtually no one expects either one anytime soon...

Author: /time Magazine | Title: Death in the Water | 8/21/2006 | See Source »

...mark. "I loved it!" exclaimed Thatcher. Peking Jan. 6, 1986 Life is getting better, fast, for many Chinese. Industrial production has leaped along with food output. Early in 1985 it was increasing at an annual rate of 23%, a pace Deng Xiaoping and his planners judged too rapid. They ordered a slowdown to avoid shortages and worsening inflation. In Mao's days, Chinese consumers dreamed of buying the "three bigs": a bicycle, a wristwatch and a sewing machine. Now the three bigs are a refrigerator, a washing machine and a TV set. "Imagine," says a Western diplomat. "Some people living...

Author: /time Magazine | Title: A Time For Change | 8/20/2006 | See Source »

...Nicolas Sarkozy, French Interior Minister, also suggested the establishment, at an E.U. level, of counterterror expert teams ready to help member states when needed. These would be similar to the "rapid reaction teams"at the disposal of the E.U. under its solidarity agreement, which aid member states in preventing illegal immigration...

Author: /time Magazine | Title: Exclusive: A Kashmiri Tie to the Terror Plot | 8/16/2006 | See Source »

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