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...recently archived more than 18,000 photographs in its collection that date back to the 1850s, and in April opened them to tourists for the first time. Kumar believes that the current maharaja is all too aware that the palace's financial viability depends on making it a world-class attraction, and a museum is part of the package. The proliferation of new galleries, and the increasing profile of the art market, is forcing Indians to think about how they value the art of the past, present and future - and perhaps appreciate all of it more. More Indians are certainly...

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

...nawabs of India's princely states - well into the 20th century. After independence in 1947, the country's few industrialist families became the most important collectors, but the field remained as insular as their privately held companies. Over the past 10 years, India's economic boom created a new class of affluent, salaried professionals, particularly in technology companies. "The collector base has really increased," says Himanshu Verma, a curator and art consultant in New Delhi. "There are more corporate executives with greater disposable income...

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

...Says He's the Great Reformer Stewart witnessed at close hand Labour's shock defeat in the 1992 election it was widely expected to win. That defeat inspired Labour's painful decision to throw out old class-war shibboleths and remake itself for a newly prosperous nation. The party now faces a similar proposition, Stewart believes: reform or die. "If the Labour Party fails to reform itself, then the second stage is that the electorate will reform it by throwing it out," he says, adding: "Barring an event like the Falklands War which helped save [Margaret] Thatcher, Labour...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

Demographic change is irritating to politicos, since it works on elections much as rigged dice do on a Las Vegas craps table: it is a game changer. For years, Republicans won elections because the country was chock-full of white middle-class voters who mostly pulled the GOP lever on Election Day. Today, however, that formula is no longer enough. (See pictures of Republican memorabilia...

Author: /time Magazine | Title: For Republicans, the Ice Age Cometh | 6/22/2009 | See Source »

...panel has been plagued by controversy, which has also hampered its effectiveness. Its two Republican members complain that the panel has drifted away from its core mission under Warren's leadership and spends too much time editorializing on the plight of middle-class families, the focus of Warren's academic research. Her relationship with Treasury has been rocky. She got into a low-level war with former Treasury Secretary Henry Paulson and his staff over their perceived unwillingness to share information, and she had a shaky start with Geithner, who didn't seem to take the panel seriously at first...

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

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