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...Rolls-Royce offer this kind of luxury at such a relatively cut-rate price? One place the company saved money is in the electrical and safety systems, which Rolls-Royce borrowed from its parent company, BMW. The Ghost also has a steel frame, unlike the Phantom's aluminum skeleton, making it less expensive to manufacture, although also less adaptable to customization. (Read TIME's 2007 story "Rolls-Royce: Rolling in Dough...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...That quintessentially Russian query - What is to be done? - continues to bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin's attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer's war with Georgia. And then, of course, there's the global financial crisis, which has hit Russia particularly hard...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

Chinese officials say they are on course to achieve GDP growth of about 8% this year, and the fall's dire predictions of massive unemployment leading to social upheaval haven't been borne out. But last week's killing of a steel-company executive by striking workers in northeastern China highlights the ongoing threat of labor unrest even as the country shows signs of emerging from the economic downturn...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

...also proved to be nearly as destructive: with many communities collectivized and converted from farming to steel production, food supply slipped behind population growth; by 1962 a massive famine had caused some 30 million deaths. In the aftermath, officials quietly resumed a propaganda campaign to limit population growth, only to be interrupted by the turmoil of the Cultural Revolution in 1966; it began it again in 1969. A push under the slogan "Late, Long and Few" was successful: China's population growth dropped by half from 1970 to 1976. But it soon leveled off, prompting officials to seek more drastic...

Author: /time Magazine | Title: China's One-Child Policy | 7/27/2009 | See Source »

...reason Musharraf had dismissed Chaudhry, whom the former military ruler had appointed as Chief Justice, was the judge's enthusiasm for harrying the government with rulings that were popular with the public. Chaudhry had burnished his reputation by striking down the planned privatization of a steel mill and hearing petitions raised by the relatives of Pakistanis that human rights groups allege are being held in secret custody as terror suspects. When Chaudhry refused to yield to Musharraf's demand that he resign, the country's lawyers took to the streets in his support...

Author: /time Magazine | Title: Pakistan's Activist Judges Target Musharraf | 7/25/2009 | See Source »

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