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...Ironically, despite its iron-fisted reputation, ARENA has not been able to tackle El Salvador's most urgent crisis, violent crime. The country has been overwhelmed by transnational Central American gangs like the Mara Salvatrucha - which actually originated in Los Angeles among the children of Salvadoran refugees waiting out the civil war - and today El Salvador has one of the world's highest murder rates. The problem is exacerbated by the social stress caused by the global recession, which is shrinking the remittances from Salvadorans living abroad that account for a large chunk of El Salvador's economy...

Author: /time Magazine | Title: El Salvador's Left Wins with the Ballot, Not the Bullet | 3/16/2009 | See Source »

...family in Franconia, in southern Germany. His family can trace its tree all the way back to the 12th century. Zu Guttenberg studied political science and law before entering politics and is married to 32 year-old Stephanie, the Countess of Bismarck-Schönhausen, a descendant of the "Iron Chancellor" Otto von Bismarck. (Read a TIME story on Otto von Bismarck...

Author: /time Magazine | Title: Should Germany Help Bail Out GM? | 3/14/2009 | See Source »

...then there was South Korea's Park Chung Hee. A general who took control of the country in a 1961 coup, he ruled, often with an iron fist, for 18 years. Yet he was deeply moved by South Korea's destitution. In the early 1960s, the country's per capita income was just over $100, and the economy depended on American aid. Park, a virulent nationalist, vowed to do something about it. "I had to break, once and for all, the vicious cycle of poverty and economic stagnation," he later wrote...

Author: /time Magazine | Title: The Tiger Trap | 3/12/2009 | See Source »

...with few options left to save the banks, government officials might see a change to mark-to-market rules as the most promising way remaining to bolster the banks and their bottom lines. What's more, relaxing the accounting requirement might make it easier for Treasury to iron out a plan to remove toxic assets from bank balance sheets...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

...wants $230 billion in aid for Eastern members hardest hit by the crisis, and fast-track membership to the eurozone, the club of nations that uses Europe's common currency. Without help, Gyurcsány says, there is likely to be social and political unrest and a new economic Iron Curtain across Europe...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

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