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...winner in the current standoff, if there is one, may be the departing Gyurcsany, who retains a measure of power after orchestrating his re-election as MSzP party chairman over the weekend. He may be the most unpopular man in Hungary right now but Gyurcsany's opponents may regret his departure...

Author: /time Magazine | Title: Is Hungary the Financial Crisis' Next Iceland? | 3/24/2009 | See Source »

Many finance experts think the rules fall far short. Including, it seems, the SEC's new chairman, Mary Schapiro. In congressional testimony on March 11, two months after she was confirmed to her post, Schapiro said, "I'm not sure if it's enough, to be perfectly honest." On April 15, the SEC will hold a roundtable, to hear from the ratings firms about what they have done to improve things on their own, and also from people who think the entire issuer-pays model needs to be scrapped. "There have been some very thoughtful proposals out there...

Author: /time Magazine | Title: How to Fix the Credit-Ratings Agencies | 3/23/2009 | See Source »

...sustainable." He was not alone. As soon as the report came out, even Democrats who support the President's policies said that the budget would have to be rethought. "We have got to get back to a more sustainable fiscal circumstance," said Sen. Kent Conrad, the Democratic chairman of the Senate Budget Committee on ABC's This Week. "We cannot have debt pile on top of debt...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

...More than 30 years later, I recently listened to Ratan Tata, chairman of Tata Sons, the holding company for the sprawling Indian conglomerate Tata Group, describe a family just like mine as the inspiration for the Nano, the ultra-cheap "people's car" that the Tata Group company Tata Motors launched on March 23. "What sparked it off was riding in a car and looking at them and saying, Surely there's a safer way that these people can be transported," he recalls. (See the 12 most important cars of all time...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

...some also blame the ruling Congress Party for playing politics with sport. IPL chairman Lalit Modi is known to be close to the opposition Bharatiya Janata Party. Some BJP leaders have pointed out that states where the Congress or its allies are in power were the ones that denied security for IPL matches. "Cricket could have done without such politicization," says New Delhi-based cricket commentator G. Rajaraman, who holds Congress responsible. "Only Congress-ruled states said they could not provide security," he says, citing the examples of Delhi and Andhra Pradesh. "Only one match would be played...

Author: /time Magazine | Title: Citing Security, India Moves Cricket Matches | 3/23/2009 | See Source »

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