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...confused story of the Hungarian revolution 50 years ago it is this: happiness and prosperity, liberty and peace do not just happen. They are blessings that have devolved to us because brave men and women argued for them, fought for them, died for them. We do well to honor their memory...

Author: /time Magazine | Title: Remembering Those Who Came Before | 10/22/2006 | See Source »

...Most shaped up. Tata Steel, for example, shed half of its 78,000 workers between 1994 and 2005, using retirement and voluntary redundancies to lower costs and boost productivity. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which sets group-wide standards of conduct. Subir Gokarn, chief economist at ratings agency Crisil, says Ratan Tata read the runes of change and largely avoided the rash of business failures in India that followed reform: "He survived the bloodbath. Those who made no changes became extinct...

Author: /time Magazine | Title: Shaking The Foundations | 10/22/2006 | See Source »

With typical bank loans not a viable option, Yunus redefined the terms of financing for these women, substituting honor and reputation for credit and collateral. He gave out small loans—just the equivalent of $10 to start—and soon found that the women were not very different from the best customers of the biggest banks in the largest cities in the world. Their greatest assets were their reputation; they valued their pride; they sought opportunity. He grouped his clients into teams and held them commonly responsible for their collective debt each week. Freed from the predatory...

Author: By Rebecca A. Kaden | Title: Eliminating Poverty One Loan at a Time | 10/20/2006 | See Source »

CBGB’s long, torturous decline has not provided the “other music for uplifting gormandizers” that it awkwardly totes at the end of its name, at least not since it earned the dubious honor of being a focal point for youth crew, violence-driven New York hardcore...

Author: By Will B. Payne, CRIMSON STAFF WRITER | Title: A Farewell to ‘Hardcore’ Scene | 10/19/2006 | See Source »

...fields on the West Virginia border, is its most conservative enclave, where President Bush won 63% of the vote in 2004. Davis won the seat easily two years ago over newscaster Nick Clooney (George's dad) when Lucas, the only Democrat to hold the seat since 1966, retired to honor a campaign pledge to serve just three terms...

Author: /time Magazine | Title: Campaign '06: A Conservative Face-Off in Kentucky | 10/19/2006 | See Source »

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