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...Another big difference between the 9/11 commission and the FCIC is the transparency of the process. The 9/11 commission, because it involved national security, held many of its hearings in private and then at the end produced a massive report. The FCIC says it will hold most of its hearings in public, and will quickly release any information it uncovers. Two members of the panel, Keith Hennessey and Byron Georgiou, have their own blogs. Last week, Hennessey, who was a White House economics adviser to President George W. Bush, asked readers what he should be asking bank CEOs...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

...Chandrasekaran will tell you just how dramatically the postrecession economy is changing. Since October, when he became CEO of Indian IT firm Tata Consultancy Services (TCS), Chandrasekaran has retraced the business trips his predecessors have been making for years to New York City and London, the home cities of big banks and other companies that have traditionally outsourced computer programming and other work to Indian firms. But jaunts to the industrialized world may no longer be sufficient to keep his Mumbai-based firm growing at top speed. So Chandrasekaran is also venturing to locales Indian techies in the past rarely...

Author: /time Magazine | Title: Outsourcers Go Global | 1/11/2010 | See Source »

...Harlem they called him the Big Rock: when it hit the water, the concentric waves kept going. Percy Sutton, who died Dec. 26 at 89, was a Renaissance man--a gentle, scholarly, tough social transformer; a long-distance runner; and a former Tuskegee Airman. In his long career as one of the nation's most influential black political and business figures, he made plenty of waves...

Author: /time Magazine | Title: Percy Sutton | 1/11/2010 | See Source »

Call it the desegregation of the megachurches - and consider it a possible pivotal moment in the nation's faith. Such rapid change in such big institutions "blows my mind," says Emerson. Some of the country's largest churches are involved: the very biggest, Joel Osteen's Lakewood Community Church in Houston (43,500 members), is split evenly among blacks, Hispanics and a category containing whites and Asians. Hybels' Willow Creek is at 20% minority. Megachurches serve only 7% of American churchgoers, but they are extraordinarily influential: Willow Creek, for instance, networks another 12,000 smaller congregations through its Willow Creek...

Author: /time Magazine | Title: Can Megachurches Bridge the Racial Divide? | 1/11/2010 | See Source »

...factor of three. In '75, he and several friends founded Willow, aiming at people with little Christian affiliation, informally dubbed "unchurched Harry and Mary." The congregation boomed - the word megachurch was reputedly coined to describe it - and Hybels became the poster boy for the new movement of exurban big-box churches...

Author: /time Magazine | Title: Can Megachurches Bridge the Racial Divide? | 1/11/2010 | See Source »

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