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...terms of overall market size, India remains relatively small with about 1.8 million vehicle sales a year compared with China's 6 million. But the economy of the world's second most-populous country is growing by about 7% a year, offering tremendous upside. There are just 11 cars on the road for every 1,000 Indians, according to a Deloitte report, compared with 511 in the U.K. and 22 in China...

Author: /time Magazine | Title: Will Your Next Car be Made in India? | 12/22/2009 | See Source »

...complex and fascinating one. On Saturday, Pope Benedict XVI announced that several candidates for sainthood had reached the initial "venerable" status, having been shown by a Vatican committee to have lived heroically virtuous lives. If a scientifically inexplicable miracle is subsequently attributed to their post-mortem intercession, the second step of "beatification" takes place, followed by eventual canonization if a second miracle is proven. Two popes were among the new "venerables." The first was Benedict's still-mega-popular predecessor, John Paul II. The other, however, has doubts swirling around his legacy more than half-a-century after his passing...

Author: /time Magazine | Title: Benedict's Pope: Should Pius XII Become a Saint? | 12/22/2009 | See Source »

...other end of the fairground, beyond the bumper cars, circus tents and spinning tea cups, children line up outside Nicaragua's first public ice-skating rink, built inside a climate-controlled plastic tent that defies the scorching 95 degree heat outside. Wearing loosely laced second-hand skates with dull blades and inadequate ankle support, the excited children - most of whom have never seen ice outside of a drinking glass - giggle, flop and crash their way across the Zamboni-starved ice. (Read a story about Nicaragua's vampire problem...

Author: /time Magazine | Title: Have Yourself a Sandinista Christmas... | 12/21/2009 | See Source »

...health, education and protection, says María Jesús Gomez, head of the Nicaraguan Federation of Non-Governmental Organizations Working with Children and Adolescents (CODENI). Gomez says the Happy Children theme park is not a sustainable strategy to deal with problems facing children in the hemisphere's second-poorest country after Haiti...

Author: /time Magazine | Title: Have Yourself a Sandinista Christmas... | 12/21/2009 | See Source »

Disunity among the rebels is the second reason for pessimism. In the last few years, most of the militants have operated as part of a loose alliance called the Movement for the Emancipation of the Niger Delta (MEND), led by a former businessman named Henry Okah. Then, in September 2007, Okah was imprisoned on charges of treason, terrorism, illegal possession of firearms and arms trafficking. Since his release in July, he has fallen out with other guerrilla leaders...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

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