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...larger narrative about the 2008 election. Fueled by anger over two unpopular wars, an economy in meltdown and simple Bush fatigue, voters weren't merely repudiating the status quo. In choosing Obama, they had transformed a center-right country into a center-left one. (See TIME's special report on the legacy of F.D.R...

Author: /time Magazine | Title: Era of No Consensus | 2/22/2010 | See Source »

...fueled the hairstyling market. "In Delhi, people will just come to my salon asking for a cut that suits them," he says. "In Aligarh, they'll come asking to look like [Bollywood superstar] Shah Rukh Khan." The approach chimes with the findings of The Dhoni Effect, a 2008 report from consultants Ernst & Young. Named after Indian cricket captain Mahendra Singh Dhoni, a small-town boy made great, the report found that India's provincial consumers were increasing in importance, thanks to growing aspirations and incomes. "Earlier, it was just Bombay and Delhi, but since 2004 we've been seeing...

Author: /time Magazine | Title: In India, A Salon A Cut Above the Rest | 2/22/2010 | See Source »

...more fundamental sense, however, the Fort Hood report, which was released on Jan. 13, is a baffling exercise. Its very name - Protecting the Force: Lessons from Fort Hood - signals its odd premise. Rather than seeking ways to identify and root out potentially homicidal military personnel, the study's aim is, in its own words, to determine "how best to defend against threats posed by external influences operating on members of our military community." That seems, at best, a misplaced priority. One of the people Hasan murdered and several he wounded were not members of the military at all, but civilians...

Author: /time Magazine | Title: Stopping Soldiers from Becoming Murderers | 2/22/2010 | See Source »

...recent report by the Congressional Oversight Panel chaired by Harvard Law School professor Elizabeth Warren predicts a wave of commercial real estate loan failures that could jeopardize the stability of many banks, particularly mid-size and smaller banks...

Author: By Katherine M. Savarese, CONTRIBUTING WRITER | Title: Congressional Oversight Panel Predicts Real Estate Loan Failures | 2/22/2010 | See Source »

...report, published on Feb. 10, cautions that even borrowers who own profitable properties may be unable to refinance their loans as they face tightened underwriting standards, increased demands for additional investment by borrowers, and restricted credit...

Author: By Katherine M. Savarese, CONTRIBUTING WRITER | Title: Congressional Oversight Panel Predicts Real Estate Loan Failures | 2/22/2010 | See Source »

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