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In this issue
Edition: South Pacific
No. 6

COVER
Nerves Of Steel (Cover Story)
An Indian steel magnate shakes up Europe with a hostile bid for his leading rival

Why Do So Many of India's Stars Live Abroad? (Cover Story)
The country may be booming, but it still seems uncomfortable with the idea of celebrating success


SOCIETY
With Best Intentions
Seemingly innocuous parenting habits may sow the seeds of lifelong depression, say two psychologists


ARTS
Ruling With Scissors (The Arts / Fashion)
Without fuss or fanfare, Australian Martin Grant has become a force in Paris fashion

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10 QUESTIONS
10 Questions For Warren Mundine (Interview)
Warren Mundine, 49, last month became the first indigenous president of a major Australian political party. The former apprentice fitter, who now heads New South Wales Native Title Services as well as the Labor Party, has upset some on the left with his calls for a new approach to Aboriginal land ownership and welfare dependency. He spoke with Time's Lisa Clausen.


AUSTRALIA OBSERVED
Grain, Grain, Go Away
The Oil-for-Food scandal will harm Australia - and the Howard government


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AN UNNAMED SOUTH KOREAN NAVAL OFFICIAL, after North and South Korean naval forces exchanged fire Tuesday in disputed waters