Word: holdings
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...debate over the ideology of saving the financial world turned ugly as Czech Republic Prime Minister Mirek Topolanek described the Obama stimulus programs as the "way to hell." The comments were made worse by the fact that the Czechs currently hold the position of the presidency of the E.U. Topolanek's opinions were at the very least a semi-official statement from the European alliance, even if other member nations denounce it. (Read a TIME story on the Czech Republic...
...dilemma the best public servants face. The better they do their job, the longer they have to do it. After 13 years running Africa's biggest economy, Manuel actually would quite like to do something else. "You bet I would!" he tells TIME. But any plans are on hold for now. In the middle of the global slump, he knows he's needed more than ever. "There is a silly part of me that sees this appointment as a service to the people," he says. (See pictures of the global financial crisis...
...failed state" along with the likes of Pakistan. Nevertheless, says Bailey, "the general feeling is that the Vandals are at the gate, and we've got to repress them. It's reached a level of moral panic, and it's an issue where the Republicans feel they can hold the Democrats' feet to the fire...
...expected to hold onto the reins of both the government and the E.U. presidency until a new Czech coalition is formed, but there is uncertainty about how long this could take. Social Democrat leader Jiri Paroubek has said the government could "complete the Czech E.U. presidency or its substantial part...
There's popular pressure for punishing people responsible for this mess. How important do you think it is to restore accountability? What I find really interesting about the public response is that the values that people hold to be important - like working hard and taking responsibility - are the values that not only underlie a good society but are necessary for a good economy as well. People have felt for some time that you've got this vast global process at work, and somehow the rules that govern [it] have got different from the rules you practice in your everyday life...