My How the World is Changing...

03/26/2008 11:00 am ET | Updated May 25, 2011

I am writing this from the United Kingdom, which once ruled the seas and much of the world.

Word comes today that Tata Motors, from India is buying two of the UK's former flagship brands -- Jaguar and Land Rover. (Most recently, Jaguar and Land Rover were owned by Ford Motor. )

This means that Tata will soon be producing the world's least expensive car, the $2,500 Nano, as well as two of the most expensive ones.

This follows earlier news that Carlos Slim, a Mexican, is now the world's richest person, edging out Bill Gates and Warren Buffett.