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...stem the country's rising dependence on foreign oil and clear its polluted air. At the same time, Chinese battery companies like Lishen and Shenzhen-based BYD are looking to leverage their technology and leap into electric cars. Foreign automakers may have a century-long head start on conventional cars, but Chinese companies can compete on new electric technology today - on cost and on performance. "When it comes to electric and hybrid cars, China is challenging the automotive industries in the Western industrial countries," writes Wolfgang Bernhart, a consultant with Roland Berger who estimates that electrics and plug-ins could...
...tidy man, his shirt buttoned, his gray curls - and his sentences - clipped. He was "very pleased and flattered" by his CBE and extols a recent stint teaching at Yale as "very comfy." But his spot in the cultural establishment is proof that his revolution succeeded. He's about to start on the screenplay of The White Tiger, the Booker Prize winning novel by Indian author (and occasional TIME contributor) Aravind Adiga. That a story about a poor Indian hustling his way in Bangalore sold millions of copies all over the world, notes Kureishi, shows that post-colonial fiction has reinvigorated...
...search-engine queries in July, a tiny increase from 8.4% in June. "All of us in the search industry were surprised by Bing," says Anna Patterson, a former Google engineer who has since gone on to found Cuil (pronounced Cool), one of the many smaller search start-ups in Google's shadow. "It's the first time you have someone with deep pockets that's willing to lose money in order to compete with Google, and they're willing to stick with it over the long term." (See the top 10 Microsoft moments...
...figure out which is better now, start with the fact that in the long run, the costs of owning and renting stay in fairly steady proportion. Economists call this the price-to-rent ratio - take the average cost of buying a house and divide it by what you'd pay in rent in a year. The analysis shop Economy.com calculates that since 1986, the price-to-rent ratio for U.S. cities has averaged 16.5. In other words, the price of a house is the same as what you'd pay to rent it over 16.5 years...
...ratios. "It's when you see large divergences that it matters." After all, there are other considerations that go into the decision to buy a house. When Choe bought last fall, he figured the air was still coming out of real estate, but his older son was about to start kindergarten, and he wanted to settle into the right school district. "My thinking was, It's not the bottom, but it's gone down enough," he says. (See pictures of modernist houses available for rent...