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...appointment of a French official to oversee E.U. regulation of financial markets was both a "victory of the European model, which has nothing to do with the excesses of financial capitalism," and a chance to "clamp down on the City [London's financial hub]" - a threat Darling described as "self-defeating" and "a recipe for confusion." (See pictures of Sarkozy...

Author: /time Magazine | Title: Nicolas Sarkozy: A French Paradox | 12/14/2009 | See Source »

...Checchi, a former co-chairman of Northwest Airlines, spent $40 million losing to Gray Davis in the Democratic gubernatorial primary in 1998; and the businessman Bill Simon, who campaigned unsuccessfully against Davis in 2002. All of them were seen as overconfident and underprepared, liable to self-destruct when pressed on basic policy questions. Raphael Sonenshein, a political-science professor at California State University at Fullerton, notes that self-made, first-time candidates often imagine incorrectly that politics can be made as efficient, orderly and logical as business. "While [very wealthy candidates] are usually competitive, it's not nearly as easy...

Author: /time Magazine | Title: Is California Sold on Governor Meg Whitman? | 12/14/2009 | See Source »

Chris Farrell, the economics editor for public radio's Marketplace Money, is the most optimistic of the lot. "Profligacy is out. Frugality is in," he declares in his inspirational self-help book, The New Frugality: How to Consume Less, Save More, and Live Better. Farrell is so enthusiastic in his mission to promote a more sensible lifestyle that he makes the reader want to burn a credit card. Save more, pay off your debts and borrow less, and you can join Farrell's brigade...

Author: /time Magazine | Title: Business Books | 12/14/2009 | See Source »

...concept of thrift--the root of the word is an Old Norse verb meaning "to thrive"--citing the contributions of the Scots and Calvinists. Malloch, like Farrell, considers frugality a moral imperative as well as an economic necessity. "Thrift is positive, wise, prudential, intelligent, grateful and always self-controlled," he writes...

Author: /time Magazine | Title: Business Books | 12/14/2009 | See Source »

...Haryana in the north, both with populations under 30 million, boast some of India's highest development indicators. Backers of further decentralization even point to the original, idealistic Gandhian vision for India - of a republic brought together not by a strong central government, but an "ocean" of egalitarian and self-sufficient villages...

Author: /time Magazine | Title: How to Rule India: Break It Into More Pieces? | 12/13/2009 | See Source »

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