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...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...
...disposable incomes continue to grow rapidly. China this year will surpass the U.S as the world's largest car market, while India has become the largest market for small cars, according to Dilip Chenoy, director general of the Society for Indian Automobile Manufacturers. Four out of every five cars sold in India are small cars, defined as vehicles with engines displacing less than 1.2 liters. (Ten Things You Should Know About the Nano...
...movies, especially The Big Movie, might have stayed home. There's only one problem with the Fox statement: it isn't true. A check of the numbers for the rest of this weekend's top 10 movies, on Box Office Mojo's daily chart, reveals that all of them sold more tickets on Saturday than on Friday. Only Avatar dipped, by 5%. And, whatever the weather, the overall box office was up a spectacular 58% from the same weekend last year, leading the 2009 tally past the $10 billion mark for the first year ever. So what do we call...
...kids whose first drum set is a wooden spoon and a tin pot. Play-Doh was invented as a wallpaper cleaner. In 1943 a Navy engineer trying to smooth the sailing of battleships found that a torsion spring would "walk" when knocked over. If you stretched all the Slinkys sold since then end to end, I'm told, they would circle the earth more than 125 times. (See the top 10 children's books...
...industry segment saying, "We want to market our product to children. So we are going to add extra sugar that is completely unnecessary to improve the taste so that kids will drink more of our product." And since more than half of all flavored milk in the U.S. is sold to children in schools, she says, there's a lot to be lost if chocolate milk gets kicked out of the cafeteria. (Watch a TIME video on a bacon chocolate...