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...every Indian collector, of course, is trying to be the next Dominique de Menil or Henry Clay Frick, whose private collections are now significant museums in Houston and New York City, respectively. But they are serious about sharing their newfound enthusiasm. Swapan Seth, an advertising executive and collector in New Delhi, rents out an empty flat every few weeks to show off his latest finds to his friends, curating the shows and hanging the pieces himself. He spends at least two hours a day reading about art, educating himself about the artists he likes and how they fit into...

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

Sources: Bloomberg; NPR; New York Times; Daily Telegraph; CNN; New York Times...

Author: /time Magazine | Title: Verbatim | 6/22/2009 | See Source »

...power at the negotiating table. All retailers get discounts from their wholesalers, but some publishers think the discounts Amazon asks for are getting too deep. "They're fast approaching the point where we just can't afford to do business with them," says a well-known New York book editor, who asked not to be identified. "It'll be interesting to see what happens then...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

...politeness fool you," says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout had just finished a hearing in New York City and was nibbling at a dish of pasta with zucchini. "I can't think of anyone I'm afraid of," she adds. "Certainly not someone who may have had a hand in bringing this country to the brink of disaster...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

...discipline for priests. Because it is a rule and not an unchangeable dogma, the celibacy requirement could be altered or rescinded by the Vatican if it chose to do so. Earlier this year, advocates of celibacy reform got a surprising boost from then-outgoing Cardinal Edward Egan of New York, who told a Catholic radio host that the celibacy question was "a perfectly legitimate discussion." He suggested that celibacy might not be a reasonable expectation in every locale. "I am not so sure it wouldn't be a good idea to decide on the basis of geography and culture...

Author: /time Magazine | Title: Sex and the Priestly: Father Cutie Renews Celibacy Debate | 6/21/2009 | See Source »

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