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...important than cost efficiency, and highly mobile investors and entrepreneurs such as Mittal - an Indian national, based in London, with a company headquartered in the Netherlands - are making the rules. Even in Paris, amid the official fury and calls for the deal to be blocked, some acknowledged that the tide of history is turning against the old habit of looking at business in purely national or European terms. "I understand the astonishment and emotion" the bid caused, said Luc Chatel, a lawmaker from President Jacques Chirac's ump party. But he pointed out that the French find it natural...

Author: /time Magazine | Title: Nerves Of Steel | 2/5/2006 | See Source »

...Tell It to the Losers," Floyd Norris at NYTimes.com [Subscription required] "Lawrence H. Summers, the president of Harvard University and a co-chairman of the World Economic Forum, asserts that globalization will not be derailed. 'The tide of history continues to move toward more market organization,' he told me. But, he added, 'For this to work out well, there must be more attention to local disintegration even as we work toward global integration...

Author: By Nicholas M. Ciarelli and Javier C. Hernandez, CRIMSON STAFF WRITERSS | Title: Summers Warns of Crisis Without Adjustments in Global Economy | 1/23/2006 | See Source »

...teeth, pirates and fat ballerinas were among the nearly 900 guisers: men in costume bearing flaming torches whose deep voices bellow out over the brass band, "Let us ne'er forget the race,/ Who bravely fought and died./ Who never filled a craven's grave,/ But ruled the foaming tide." No women take part, but with so many of the torchbearers opting to wear dresses, the festival has earned the moniker Transvestite Tuesday. Last year, one such lovely was Tavish Scott, Member of the Scottish Parliament, who looked ravishing in a luminous green tutu. The climax...

Author: /time Magazine | Title: The Pillage People | 1/8/2006 | See Source »

...epic novel of 2000, The Glass Palace, excavated the imperial history of 19th century Burma in part to highlight the torn affections of an Indian in 1943, not sure whether to side with India, or against Britain, in the war. The theme of his most recent novel, The Hungry Tide, is, to some degree, its very setting: the swampy area of the Sunderbans, in west Bengal, now sea, now land, its shifting contours reflecting back to the uncertain allegiances of the characters who travel through it. How to be true to one's divided inheritance has always been his driving...

Author: /time Magazine | Title: Within the Chaos | 1/8/2006 | See Source »

...collection of reports from troubled places assembled in Incendiary Circumstances, Ghosh begins to find an answer in everyday humanity and its resilience. Faced by those rioters in Delhi in 1984, some women stood up to them and, miraculously, reversed the tide of violence. Following the destruction of their country by the Khmer Rouge, a handful of survivors in Cambodia in 1981 put on a dance performance, piecing their lives together like "rag pickers." Writers have to be solitaries, Ghosh recalls V.S. Naipaul saying, and yet, he seems to feel, to be useful they have to be participants...

Author: /time Magazine | Title: Within the Chaos | 1/8/2006 | See Source »

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