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...China learned the lessons of Mao-era excesses and made necessary course corrections. Similarly India has understood the errors of its socialist beginnings, which suppressed private enterprise in all fields at the cost of developing human resources and infrastructure. But India, too, has made its course correction and the result has been the rapid economic growth of recent years. Indian democracy is essential for its highly fragmented society. But it can never be as decisive or quick as the Chinese government, since it encounters conflicting demands from all corners, from the judiciary, from politicians and from civil society and activists...

Author: /time Magazine | Title: Inbox | 6/29/2009 | See Source »

...been with Standard Chartered. Though headquartered in London, most of StanChart's operations are centered in the emerging markets of Asia, the Middle East and Africa - and as a result, it has not only weathered the crisis but continued to prosper. Last year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...want our votes to be counted because we want reforms, we want kindness, we want friendship with the world.' ALI REZA, one of hundreds of thousands of Iranians who gathered in Tehran to protest the country's June 12 election result...

Author: /time Magazine | Title: Verbatim | 6/29/2009 | See Source »

...mashed potatoes, corn, gravy and shredded cheese packed together for your gut-busting pleasure - volunteers to share these numbers, what excuse can other chains claim for not following suit, particularly if Washington lags in forcing them to do so? The writing is on the wall. And perhaps, as a result, fewer calories will be in your stomach...

Author: /time Magazine | Title: Fast Food: Would You Like 1,000 Calories with That? | 6/29/2009 | See Source »

Iran has now forced its way back to the top of the White House agenda, as a result of Tehran's violent crackdown on its own citizens protesting claims of election fraud. The domestic political pressure on the Administration to take a tougher stand against Iran's regime may actually help Netanyahu resist pressure for a settlement freeze. After all, the President may find it difficult, in Washington, to muster pressure on Israel over settlements at a moment when he's being berated for speaking too softly on Tehran's crackdown. Members of Congress are now proposing new sanctions legislation...

Author: /time Magazine | Title: Will Iran Take the Heat Off Israel over Settlements? | 6/29/2009 | See Source »

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