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...growing clout of Indian firms like Bennett, Coleman & Co., a privately-owned Mumbai media conglomerate that recently bought Britain's Virgin Radio. For the other group of economists, the boom has been an illusion: the majority of Indians have been excluded from the growth, poverty rates have stayed stagnant, and India is still just a Sudan with a little icing on top. So who is right? As the current bout of inflation shows, they are both right...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

...growing clout of Indian firms like Bennett, Coleman & Co., a privately owned Mumbai media conglomerate that recently bought Britain's Virgin Radio. For the other group of economists, the boom has been an illusion: the majority of Indians have been excluded from the growth, poverty has stayed stagnant, and India is still just a Sudan with a little icing on top. So who is right? As the current bout of inflation shows, they are both right...

Author: /time Magazine | Title: The Death of the Indian Dream | 7/30/2008 | See Source »

Scientists have hypothesized other health consequences of climate change before, some better supported by evidence than others: heat waves that kill, new breeding grounds for mosquitoes that spread deadly malaria or dengue fever, and stagnant warm air pockets that trap disease-causing smog. But in this study, says lead researcher Tom Brikowski, he and his colleagues are pretty sure they've traced a direct relationship between human health and temperature - no mosquitoes or air pollution are needed to make the link. Even in the belt region where kidney stones are common and populations have adjusted their lifestyles to the heat...

Author: /time Magazine | Title: Warmer Temps, More Kidney Stones | 7/15/2008 | See Source »

...units involved in the case are part of a 67-townhome development that was already an example of the South Florida property boom gone bust - a stagnant pool waiting for fraud to fester. The Residences at Rookery Park was initially marketed in 2004 as three- and four-bedroom townhomes for under $250,000 in west Fort Lauderdale, within earshot of a busy executive airport, on a busy corridor and miles from the beach. As the market boomed, the townhomes' starting prices soared to $349,000. A former broker said the units sold quickly, but then closings languished and buyers sought...

Author: /time Magazine | Title: Inside a Florida Mortgage Scam | 6/25/2008 | See Source »

...shares) - but throughout the $15 billion market for online classifieds. Even as lesser rivals fall by the wayside - Microsoft's Windows Live Expo is shuttering on July 31 - newcomers such as Kijiji and Oodle are gaining real traction. Better designed and marketed, these upstarts are reshaping a long-stagnant sector of the web. Meanwhile, the entire online classified market category has surged some 35% over the past year, as more sellers post ads online and more cash-strapped buyers hunt for bargains there...

Author: /time Magazine | Title: Taking Aim at Craigslist | 6/18/2008 | See Source »

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