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...push to professionalize art in India is also shaking up the old guard. Pramod Kumar, associate director of the private collection of Ibrahim Alkazi, says the biggest change is a new effort to catalog old collections that have been gathering dust or simply deteriorating for years. Without rigorous record-keeping, it's impossible to set rational prices or establish the provenance of a piece for sale. "It gives a reference point," Kumar says. "What are the origins for whatever has come before...

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

...Stockholm Breaking the Bank for War Despite the global economic downturn, world governments spent $1.46 trillion on defense in 2008--a new record, according to the Stockholm International Peace Research Institute. The U.S. continued to top the list, spending $607 billion to upgrade its armed forces--more than seven times the amount spent by China, which beat out the U.K. for the No. 2 spot for the first time...

Author: /time Magazine | Title: The World | 6/22/2009 | See Source »

...vote is likely to double. In Texas, the crucial buckle for the GOP's Electoral College belt, the No. 1 name for new male babies - many of whom will vote one day - is Jose. Young voters are another huge GOP problem. Obama won voters under 30 by a record 33 points. And the young voters of today, while certainly capable of changing their minds, do become all voters tomorrow...

Author: /time Magazine | Title: For Republicans, the Ice Age Cometh | 6/22/2009 | See Source »

...Amazon Encore pans out, what's to stop authors from signing directly with bookstores and cutting publishers out of the loop completely? U2 and Madonna don't have deals with record labels anymore; they did their deals with a concert promoter, LiveNation. That stuff that the labels used to do - production, promotion, distribution - it's just not that hard to DIY now or buy off the shelf. It's the same with publishing. Amazon could become the LiveNation of the book world, a literary ecosystem unto itself: agent, editor, publisher, printer and bookstore. It probably will...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

Wales sets world record for most people dressed as SMURFS...

Author: /time Magazine | Title: Pop Chart | 6/22/2009 | See Source »

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