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...country’s rapid economic growth in the past decade has been fueled by a transition to the open market, and for the country to continue at this pace, it needs more open market reforms. The economy is still hampered by strict government regulation and distorted by enormous government spending, and though regulation and spending are understandable reactions to the global economic crisis of the last year, Indians were rightly expecting the continuation of the reform agenda in this year’s budget...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...Congress Party’s budget announcement has come to be one of the defining moments of the fiscal year (which ends in March). In a still heavily regulated economy, government action on major economic issues can have a profound impact on the nation, attracting foreign investment and fueling rapid growth. Thus, every newspaper and television station provided special coverage on the budget for the month preceding the announcement. Publications issued countless surveys, and every business leader offered their recommendations and predictions...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...government's explanation of last week's violence is that it was inspired by overseas agitators; Uighur discontent over issues like job discrimination isn't included in the official version of events. The dilemma for Chinese policymakers is that the country's rapid economic growth has helped legitimize the government to the majority of citizens. But for Uighurs who feel left out, the growing prosperity of the Han leaves them more alienated. As China continues to get rich, it is pushing them further toward the fringe...

Author: /time Magazine | Title: Why the Uighurs Feel Left Out of China's Boom | 7/14/2009 | See Source »

...proposed privacy rules will bring to the fore the abiding online tensions between the need for privacy and the mania for rapid dissemination of information. And how Facebook and its users choose to resolve these issues today will have important implications for a generation whose every move has been catalogued on a social networking site since middle school graduation...

Author: By Clay A. Dumas | Title: The Internet Has Added You as a Friend | 7/8/2009 | See Source »

...indication, those revisions may be on the horizon very soon. "These NIH guidelines represent a reasonable compromise, based on where the science stands today," says Dr. Sean Morrison, director of the Center for Stem Cell Biology at the University of Michigan. "But this field is evolving at an incredibly rapid pace, and it may be necessary, down the road, to revisit some of the elements on this policy as the science evolves...

Author: /time Magazine | Title: New Rules Expand Federal Funding of Stem Cells | 7/7/2009 | See Source »

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