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...seems to be working. When well known Indian business scion Nandan Nilekani's first book hit the shelves this year, Penguin sold over 60,000 hardbacks - a total that raised expectations for best-sellers in the country. A decade ago, the company wouldn't have dreamed of printing more than 7,000 copies, says Padmanabhan. When the fourth book in the "Harry Potter" series was released in 2001, Penguin sold 30,000 copies. That was a good haul, but still small in comparison to the U.S., which sold 3.8 million copies, and the U.K., which sold another million...

Author: /time Magazine | Title: In Jaipur, the Indian Book Market Comes Into Its Own | 1/24/2010 | See Source »

...they're tracking," says John Spallanzani, director of ETF sales and strategy at GFI Group. "So if you put your money in an ETF, you're basically beating 80% of the mutual-fund managers out there." ETFs are also more liquid than mutual funds, because they can be bought, sold or shorted throughout the trading day, just like stocks. By contrast, mutual funds offer only a single price at the end of the trading day. (See TIME's Person of the Year 2009: Federal Reserve Chairman Ben Bernanke...

Author: /time Magazine | Title: Exchange-Traded Funds: The Hidden Risks | 1/22/2010 | See Source »

...Citizens United v. Federal Election Commission, striking down certain limits on corporate electioneering, found them arrayed in their now familiar 5-to-4 pattern and firing their big rhetorical guns. Depending on which very, very long opinion you prefer, they either struck a blow for the First Amendment or sold American politics into bondage to soulless corporations. (See 25 people who mattered...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

...competitive advantage that China cannot easily wrest away. A fully grown dragonfish, which Yap says aspiring Chinese businessmen gravitate to, can fetch up to $20,000 - each. Producing the fish isn't easy; eggs are often held inside a male dragonfish's mouth until they hatch. When they're sold, Yap implants a microchip in its belly and delicately packs it in pre-oxygenated cold water, often to be sent north to China by plane...

Author: /time Magazine | Title: Free Trade With China: ASEAN's Winners and Losers | 1/22/2010 | See Source »

...searching, and touring some 50 potential homes, they're still renting. In the heated market, sellers kept raising the price thousands of dollars just as Chen and his wife were on the verge of closing a deal, he says. Or worse, apartments listed at affordable prices were often sold within minutes at sums beyond Chen's comprehension. "In the end, we had no choice but to give up," he says. "Eventually we will still need a home that belongs to us, especially if we have a child. I just hope the government will do something to bring down the prices...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

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