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...Buffeted by the global economic crisis, India's art bubble has deflated, with some pieces fetching just a quarter of what they once sold for. But art-world insiders say that's no bad thing. The collapse has driven out both the investment-driven buyers and those artists who succumbed to the temptation to produce derivative work simply because it sold well. Says Verma: "The quality is coming back into collecting...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...eventual transfer of power to an untested son - to state that it does not intend to give up its nuclear weapons program. "It's pretty clear they have made the strategic choice to be a nuclear power, period, and will no longer hold out the weapons program as a thing to be bargained away in talks with the U.S. and its neighbors," says Bruce Klingner, a former deputy chief of the Korea desk at the CIA's Directorate of Intelligence and now a senior fellow at Washington's Heritage Foundation. "They've decided that now is the time to raise...

Author: /time Magazine | Title: North Korea: The Coldest War | 6/22/2009 | See Source »

...Bargaining with the Kims is the last thing Obama wants to do, but the Administration probably doesn't have a choice. Judging from the testimony of defectors like Kang Chol Hwan, who spent a decade as a boy in one of North Korea's most notorious camps for political prisoners, the conditions of the journalists' imprisonment could be brutal. The Administration is considering whether sending a special envoy to Pyongyang would help. Former U.N. ambassador Bill Richardson, who has traveled to Pyongyang on special diplomatic missions, said recently, "Now is when the negotiating really begins." (Read "Your Move, China...

Author: /time Magazine | Title: North Korea: The Coldest War | 6/22/2009 | See Source »

...fans would love to see a movie, and I would love to see a movie. It just hasn't worked out so far. I think they love the characters, for one thing. Everybody wants to see what these two hot guys look like, Ranger and Joe Morelli...

Author: /time Magazine | Title: 10 Questions for Janet Evanovich | 6/22/2009 | See Source »

...Obama and his aides have repeatedly said they want to avoid becoming a scapegoat for Iran's leadership. "The last thing that I want to do is to have the United States be a foil for those forces inside Iran who would love nothing better than to make this an argument about the United States," the President said in an interview broadcast on Monday morning. "We shouldn't be playing into that." Domestic politics is also playing into the strong rhetoric on the part of European leaders like Sarkozy and Merkel, according to Niblett. "It is in Sarkozy's nature...

Author: /time Magazine | Title: Why Europe Is Talking Tougher than Obama on Iran | 6/22/2009 | See Source »

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