SI.com: The Revolution Gamesupdated: Fri Jun 15 2012 12:20:00
This story appears in the June 18, 2012, issue of Sports Illustrated. Buy the digital version of the magazine here.
Here is what became of the Hungarian athletes and coaches who defected after the 1956 Melbourne Games. Some of them returned home, where they were welcomed back and some even represented Hungary in later Olympics. Those who remained in the U.S. pursued a variety of careers, not just in sports, and many raised families and achieved considerable success.
As the car industry suffers declining sales and excess production, luxury brand Mercedes-Benz is making a billion dollar bet on a niche slice of the market.
Police in Hungary say a 24-year-old man killed four people with a sword and injured three others after a family argument.
In 1956, the politics of war played out in a dramatic encounter between the Hungarian and Soviet water polo teams.
EU Justice Commissioner Viviane Reding talks to CNN about the international legality of Hungary's new constitution.
The European Commission warned Hungary Tuesday it faces legal action over controversial reforms introduced by Hungarian Prime Minister Viktor Orban's government.
Viktor Szabo, formally of the Natl. Bank of Hungary, talks about the EU and IMF threatening to withhold aid from Hungary.
Downgrade -- the most feared word in Europe's financial lexicon. Most attention Friday was focused on France -- Europe's second largest economy -- as Standard & Poor's cut its rating on French sovereign debt.
Downgrade -- the most feared word in Europe's financial lexicon. Most attention Friday was focused on France, Europe's second-largest economy, as Standard & Poor's cut its rating on French sovereign debt. But the debt of several other countries also received the Mark of Cain, including Italy, Spain, Portugal -- and Austria, whose debt rating was cut by one notch from its AAA status.
Unlike Greece, Spain and Italy, Hungary does not use the euro single currency, but it is afflicted by similar debt problems. Fears are now growing that Hungary could go bankrupt, prompting it to request help from the European Union and the International Monetary Fund. So is Hungary the next step on Europe's path to meltdown?
The European Commission dials up the pressure on Hungary, as its government downplays the country's financial woes.
Tens of thousands of people protested against Hungary's new constitution in Budapest Monday night, demanding that Prime Minister Viktor Orban resign.
Critics accuse the Hungarian government of moves that threaten its financial future. CNN's Matthew Chance reports.
Zimbabwean NoViolet Bulawayo has won the Caine Prize for African Writing for her short story "Hitting Budapest."
Staff Sgt. Marvin Steinford was 22 years old when he climbed into the nose of a B-17 "Flying Fortress" in Amendola, Italy, and left on a mission bound for Berlin during World War II.
One of the world's most wanted Nazi war suspects, Sandor Kepiro, 97, went on trial Thursday in Hungary charged with the slayings of 36 Jews and Serbs in Novi Sad, Serbia, in 1942.
Three women died after a stampede at a night club in Hungary's capital, state media reported.
Protesters who banded together online are expected to take to the streets of Hungary on Friday to protest a controversial new media law that triggered an avalanche of criticism.
Plus: Gwen Stefani has a playdate in the park with son Zuma and more star sightings
The aluminum plant at the heart of the deadly toxic red sludge spill in Hungary will resume production at the end of the week, government officials said Wednesday.
Workers in Hungary were racing Tuesday to build three emergency dams to stem an expected second toxic spill from an aluminum plant.
Shocking safety lapses exposed by the deadly Hungary toxic sludge spill could be repeated at thousands of industrial sites around the world unless regulations are tightened dramatically, campaigners have warned.
The head of the company at the center of a toxic spill in Hungary has been arrested, accused of public endangerment and harming the environment, authorities said Monday.
Residents were evacuated and soldiers were on standby Sunday as authorities believe a damaged reservoir wall may unleash a second wave of toxic sludge onto a Hungarian village, an official said.
The death toll from a toxic sludge spill in Hungary rose to seven Friday after an additional body was found, according to a spokeswoman for Hungary's emergency services department.
CNN's Nic Robertson walks through a neighborhood in Devecser, Hungary, where residents and officials are cleaning up.
The Hungarian government Thursday made an urgent request to the European Union for help in the cleanup effort after a reservoir holding industrial waste burst earlier in the week.
Rescue workers searched Wednesday for six elderly people missing at Kolontar, one of three villages in southwest Hungary that was hit Monday by a wave of toxic red sludge from an alumina plant reservoir that burst.
Stocks closed higher Monday, recovering from earlier weakness, as optimism about corporate results due this week outweighed ongoing concerns about the economy.
Fresh concerns over Europe's debt problems surfaced Monday after Ireland's debt rating was downgraded and talks between Hungary and the International Monetary Fund reached an impasse.
A man wanted in Hungary for the torture and killing of a Jewish teenager during World War II averted extradition Friday after an Australian federal court ruled in his favor, an Australian news agency reported.
CNN's Richard Quest asks European Commission President Jose Manuel Barroso whether Hungary is a cause for concern.
Stocks slumped Friday after a government report showed employers added fewer jobs than expected last month and the euro plunged to a new 4-year low, reviving worries about the health of the European economy.
Just when we all got used to referring to Europe's fiscal crisis with the tidy little acronym of the PIIGS, another European country is angling for admittance into the bad debt club.
After eight years of Socialist rule, there's a new political landscape in Hungary. CNN's Becky Anderson reports.
Hungary awoke Monday to a new political landscape after the center-right opposition Fidesz party took decisive election victory, ending eight years of Socialist rule.
Hungary's center-right Fidesz party won a sweeping victory in the first round of parliamentary elections Sunday, crushing the ruling Socialists in a country battered by the global economic recession.
From the mid-1980s, Hungarian-born investor and philanthropist George Soros pumped hundreds of millions of dollars into foundations in Eastern Europe dedicated to promoting the idea of the "open society" and challenging the region's Soviet-backed regimes. Since then his Open Society Institute has evolved into a network of foundations and offices working in over 60 countries. Here, writing exclusively for CNN.com, he describes how the work of his foundations ultimately contributed to the collapse of communism.
From the Czech Republic to Greece, the eastern part of Europe is changing so fast that you could visit every year and feel as if you've experienced something completely new.
A principal and teacher were killed Wednesday when a masked gunman opened fire in a private elementary school in Budapest, Hungary's capital city, police said.
A local passenger train ran into the back of an long-distance train Monday near Budapest, killing four people and injuring 26
Cuba branded Hungary an "imperial accomplice" of Washington on Wednesday for granting political asylum to 29 Cubans who were held at the Guantanamo Bay U.S. naval base.
Hungarian police said Wednesday that hard-core football hooligans had hijacked peaceful anti-government protests, but Prime Minister Ferenc Gyurcsany blamed opposition parties for a second night of violence.
Early Tuesday, protesters across Hungary clashed with police and in Budapest stormed the headquarters of state television, responding with violence to a leaked recording that caught the countries prime minister admitting the government "lied morning, evening and night" about the economy.
Hungarian police said that hard-core football hooligans had hijacked peaceful anti-government protests but Prime Minister Ferenc Gyurcsany blamed opposition parties for a second night of clashes between rioters and police, saying they had failed to deliver on a pledge to calm protests.
Protesters seized the headquarters of Hungary's state television network and set fires in and around the building early Tuesday after the country's prime minister admitted lying about the economy "throughout the past one and a half or two years."
As the dollar continues its slide against the euro - down almost 6 percent this year to a 1 year low - Americans thinking of traveling abroad might look beyond Paris, Rome or Madrid to destinations where the U.S. dollar remains strong.
Recovery efforts continued Friday at the site of the crash of an AN-24 Slovak military plane, which was carrying 43 passengers when it crashed in the rugged terrain of northern Hungary.
Send us your tips, words, photos and videos to thescene@cnn.com, or text "SCENE" plus your comments to +44 7786 20 40 60. Remember to include your name and the city/country where you live.
Junk and foreign bonds beat going long. Risk: High-yield debt is more tied to economic ups and downs.
U.S. Secretary of State Colin Powell thanked Hungary on Tuesday for the "steadfastness" of its commitment to the coalition in Iraq, saying now is not the time to get "weak in the knees" despite continued violence and kidnappings.
For two weeks, Richard Quest and his team are traveling around countries about to join the European Union on May 1. We asked for your views. The following are a selection of your e-mails.
Our trip started in Hungary, but we flew to the Austrian capital Vienna and drove across the border because it was a lot easier than flying anywhere else.
Folk-dancing nights in Budapest are a weekly event for Istvan Pal and his fellow musicians -- a reflection of the Hungarians' strong identification with their distinct language and culture.
Four years ago, the Hungarian economy was deep in crisis: Inflation was rampant, unemployment was rising, and trade and government deficits were mounting. Making things even worse was the fact that...
Lured by spectacular gains in markets such as Russia (up 105% in the first eight months of this year), Hungary (86%), Poland (77%) and the Czech Republic (26%), several new mutual funds have sprung...
-- From the Baltic to the Black Sea, Eastern Europeans are loading up on merchandise bearing U.S. brand names like Kodak, Kellogg's, Band-Aids, Rice-a- Roni, SlimFast, and Purina Cat Chow. Warsaw s...
Of all the emerging Eastern bloc nations, none has a brighter future than Hungary. This peppery land of goulash and bauxite has taken to economic freedom with a vengeance. Within the last year or s...
Business is always personal, but especially so in Eastern Europe, where daunting bureaucracy and changing ground rules can spook even veteran investors from abroad. In such a climate, knowing the r...
A NERVOUS SOBRIETY has set in across Eastern Europe. Two years after the Iron Curtain came crashing down, the region's experiments with capitalism might, to some eyes, seem an excellent advertiseme...
-- The red star and the Cyrillic writing on the back pockets and an accessory in the form of a free screwdriver mark a hot new seller: cotton jeans ($60 and up) from the Soviet Union. The screwdriv...
Are you up to the challenge? Beware. Leading the vanguard of global investors doesn't necessarily make for restful nights. When Swedish ball-bearing maker SKF plunged into Russia, its dream of prof...
WITH THE FALL of the Wall and the lifting of the Curtain, Western managers and investors must rethink their strategies for doing business in Europe in the 1990s. Suddenly the Old World has gained a...
Fortune: IRON CURTAIN MBAupdated: Mon Sep 25 1989 00:01:00
Move over, Karl Marx. Hungary's premier university has dropped Das Kapital from its required reading list. And, this month, the reform-minded Magyars are launching the East bloc's first MBA program...
The tax man has sneaked behind the Iron Curtain and is emphatically not getting any Red carpet treatment. On January 1, Hungary became the first Soviet bloc country to impose a personal income tax ...
Fortune: Hot money havenupdated: Mon Nov 10 1986 00:01:00
If Switzerland is no longer a safe home for dubious dough, what is? Believe it or not, the hot new haven is Hungary. In the past year Switzerland has frozen the accounts of deposed despots Ferdinan...
A remarkable number of top U.S. executives will mark the 30th anniversary of Hungary's brief revolt against Soviet domination on October 23: They are veterans of the uprising. Within weeks of the 1...
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|