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...years, had won a large enough majority of parliamentary seats to create a governing coalition free of leftists—like members of the Communist Party—who had slowed market reforms in the past. The new government, more moderate and centrist in composition than in its past term, won such a large majority, in fact, that officials promised very bold action to continue India’s economic rise...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...market through selling state-owned businesses, loosening regulations on foreign direct investment, and creating a plan to reduce the deficit. India achieved 6.7 percent growth this past fiscal year only on the back of intensive government spending by the previous Congress-led coalition. Public-sector spending provides a short-term stimulus, but a more open economy is necessary for sustainable growth...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...college education. State schools, especially the upper-tier ones, have been swamped with applications during the last decade. That's a trend that will only be enhanced by higher gas prices and more expensive plane tickets. As for families being clustered, that's going to be a long-term effect that may take a generation to manifest as young families mature during a time of higher gasoline prices. (See pictures of the college dorm's evolution...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

Although Persians are Iran's largest ethnic group, almost half of the population comprises Azeris, Kurds, Lors, Arabs, Turkomans, Baluchis and other minorities with longstanding grievances against the central government. During Ahmadinejad's first term, there has been an unusual upsurge of rioting, protests and bombings by minority groups targeting government officials and institutions, including an ambush on the President himself by Baluchis. While the minority groups blame government repression for the unrest, the government blames foreign agitators...

Author: /time Magazine | Title: Iran's Campaign Against Foreign Plots | 7/15/2009 | See Source »

...hardly confined to paranoid mullahs. Flynt Leverett and Hillary Mann Leverett, former National Security Council officials in the Bush Administration, wrote in May that "the Obama Administration has done nothing to cancel or repudiate an ostensibly covert but well-publicized program, begun in President George W. Bush's second term, to spend hundreds of millions of dollars to destabilize the Islamic Republic...

Author: /time Magazine | Title: Iran's Campaign Against Foreign Plots | 7/15/2009 | See Source »

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