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...officials say they received no additional information on Abdulmutallab to warrant elevating him to the Terrorist Screening Database, the list of 400,000 individuals that is the government's primary tool for monitoring possible terrorists. That list has two smaller categories: a selectee list of about 14,000 people who are permitted to fly only after getting more intrusive screening, and a no-fly list...
...Wine consumption, meanwhile, is growing much faster than spirits or beer in India, but from a much smaller base. Only about 700,000 cases were sold last year, about 2% of the total alcohol market, but it has benefited hugely from the growth of the middle class, particularly women, for whom drinking wine is a mark of urban sophistication. The wine market has grown from virtually zero 10 years ago to $253 million last year, and it is expected to more than double to $630 million by 2013. "There's a complete turnaround," says Gianander Dua, an importer based...
...achieve more income equality in a market economy? RW: Some relatively equal societies, such as Japan, and some states such as New Hampshire have smaller differences between earnings before taxes and benefits. The other way is to start off like Sweden does - with large inequalities between earnings - and then redistribute wealth with high taxes and benefits. I think we need to do both. To reduce earning differences you need as many different forms of economic democracy as possible. We need to make it a bit more embarrassing for company directors to give themselves huge pay deals and bonuses while holding...
...buyers worldwide shift away from gas-guzzlers to smaller vehicles, India appears destined to become a hub for manufacturing small cars for export, says Shekhar Vishwanathan, deputy managing director for Toyota in India. Toyota has designed a new small car for India, which is slated to start rolling out of the Japanese giant's plant at Bidadi on the outskirts of Bangalore by the end of 2011. Toyota plans to eventually export the car to South Africa and other developing markets...
...Tehran insists that it has not, in fact, rejected the deal that would see the country exchange three quarters of its current enriched uranium stockpile for reactor fuel. Foreign Minister Manoucher Mottaki says Tehran simply wants to ship out its uranium in smaller parcels and over a longer time period, rather than in the single immediate shipment demanded by the West. But the Western powers are unwilling to change the terms of the deal, because their prime objective is to deplete Iran's stockpile in order to temporarily remove its capacity to build a bomb. (See pictures of people around...