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Recessions tend to shake up the corporate status quo. Under the stress of collapsing demand and tighter credit, companies that seemed solid are exposed as dangerously flawed, while others panic, slash costs, hunker down - and pass up chances to gain on their competition in ways that would be impossible in a normal economic climate...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

...figures the program boosted sales by 10% from what they would have been otherwise. That was more than enough for Hyundai to outdistance rivals. True, Hyundai's U.S. sales fell 3.6% overall in the first four months of 2009 from the same period a year earlier. But total auto demand plunged more than 37%, so Hyundai's U.S. market share actually jumped to 4.3% compared with 2.8% the year before. "We're hopeful that [Hyundai's gains] are sustainable," Krafcik says. And the program hasn't backfired: fewer than 10 cars have been returned by customers who lost their jobs...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

...course, there is political calculation to Khamenei's investigation. It neutralizes the main demand around which the opposition is rallying on the streets and imposes a de facto 10-day cooling-off period that could sap, even demoralize, the anti-Ahamdinejad demonstrations. The huge rally in support of Mir-Hossein Mousavi in Tehran on Monday is enough to make any ruler, autocrat or not, tremble. All of this opens the Supreme Leader's window of vulnerability to one very powerful enemy. (See pictures from Iran's tumultuous election...

Author: /time Magazine | Title: Could Ayatullah Khamenei Be Vulnerable? | 6/15/2009 | See Source »

...protest what millions of Iranians believe was a rigged presidential election. And although the Interior Ministry kept broadcasting a communiqué warning that no permit had been issued for the rally, 2 million to 3 million Iranians from a broad cross section of society converged on Freedom Square to demand a recount...

Author: /time Magazine | Title: Tehran's Rallying Cry: 'We Are the People of Iran' | 6/15/2009 | See Source »

...cement and brick factories started closing down. Thousands of workers were laid off, and almost overnight nearly 25% of Pikalyovo's 20,000 residents were unemployed. After making several pleas to their employers for back pay - at one point crashing a meeting at the mayor's office to demand their jobs back - the workers turned to desperate measures. On June 2, they staged a strike along a major highway linking the city of Vologda to St. Petersburg, blocking the route for hours. Finally Moscow took notice, and Prime Minister Vladimir Putin flew in by helicopter to force local politicians...

Author: /time Magazine | Title: In Russia, a Recession-Plagued Town Revolts | 6/11/2009 | See Source »

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