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...their differences, in the two years following the patriarch's death, there was no outward sign of disharmony between the brothers. Reliance aggressively branched out of its core industrial sectors into telecommunications, oil exploration and power generation. As co-managing directors at Reliance Industries, Anil handled finance while Mukesh oversaw strategic projects. The pair found a safe vent for sibling rivalry by creating distinct fiefdoms among Reliance's smaller subsidiaries. Under Mukesh, Reliance entered the highly competitive mobile-phone market and quickly garnered a subscriber base of more than 7 million, becoming the country's largest wireless carrier. Anil directed...

Author: /time Magazine | Title: Ownership Issues | 11/29/2004 | See Source »

...Many in Moscow expect the Yugansk auction to be just the beginning of a final carve-up of the company. Yukos is trying to stop the forced sale, which violates Russian statutes stipulating that non-core assets be sold first in the event of tax claims. The firm has launched legal proceedings against the Kremlin under an international energy charter and says it will sue the winner of the Dec. 19 bidding. "This has nothing to do with taxes and everything to do with expropriation," argues Robert Amsterdam, a Toronto-based lawyer for Khodorkovsky...

Author: /time Magazine | Title: Power Play | 11/28/2004 | See Source »

...From the establishment, Chris Ware provides another brief chapter in his sporadically printed series about a lonely young woman living in an apartment building. One remarkable page encapsulates the lives of the building's residents, along with a bee, through schematically arranged, interconnecting panels. The book also features "Drill Core Sample," by Gary Panter, the cartoonist's cartoonist since the 1980s. Comprised of one page from a sketchbook done in each of the last 30 years, it offers a fascinating slice of his evolving interest in the constructs of "cartoons." Of the work by relative newcomers, "My Sexual History (Slightly...

Author: /time Magazine | Title: The Year of the Anthology | 11/24/2004 | See Source »

...with voters "who are searching for some form of certainty in an age of great uncertainty." Social conservatives often lean left on other issues, says Wallace, so the values vote is "winnable by both sides." Labor has missed out on that vote because it's failed to articulate firm core values, says University of Melbourne sociologist Kevin McDonald, who contrasts the Howard government's clear "vision of moral purpose" with Labor's "absence of a defining message." Says M.P. Ferguson: "If Labor ever wanted to represent a cross-section of Australia on some of the more difficult moral issues, they...

Author: /time Magazine | Title: Christian Soldiers | 11/23/2004 | See Source »

...warriors and Iraqi nationalists will eventually exhaust itself. Robert Scales, a retired Army major general, says history teaches that violent attacks on insurgencies such as the campaign mounted by the U.S. in Fallujah can work. "You don't just keep growing insurgents," Scales says. "By effectively eliminating the hard-core terrorists, the fellow travelers see the handwriting on the wall. While the insurgency doesn't disappear, it tends to collapse to something down around noise level." But if Fallujah is a sign of things to come, the volume is likely to get cranked up first. --Reported by Andrew Lee Butters/Mosul...

Author: /time Magazine | Title: War by Fits and Starts | 11/22/2004 | See Source »

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