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...edition--that health authorities had systematically underreported the number of SARS cases in China and willfully deceived representatives of the World Health Organization (WHO) on their visits to Beijing hospitals. On April 20, the national Health Minister was fired in the most public sacking of a government minister on account of malfeasance since the Communists seized power in 1949. The mayor of Beijing was fired on the same day, and the government revised its count of suspected SARS patients in Beijing from 37 to 339. By the end of the week, that number had doubled...

Author: /time Magazine | Title: Tale Of Two Countries | 5/5/2003 | See Source »

Robert Kerley used to keep his money with a big national bank, and every time he visited his branch, he felt like a walking account number. Tellers rarely greeted him by name, as he had come to expect in Winona, Minn., a town of 27,000 where people tend to know one another. And despite being a longtime customer, he would be fingerprinted with invisible ink when he wanted to make multiple transactions...

Author: /time Magazine | Title: Banking: Big Little Lenders | 5/5/2003 | See Source »

...known, or it is possible to know them; imagination when facts are not available," he says of his method. Lévy says he only resorted to pure conjecture two or three times in the book, but it is up to the reader to discern those moments. His harrowing account of Pearl's decapitation by a Yemeni henchman includes unknowable embellishments: "As the Yemeni killer grabs and tears the collar of his shirt, he thinks of other hands. Of caresses. Of games from his boyhood." Lévy also conjures up the thoughts of the admitted and since convicted ringleader...

Author: /time Magazine | Title: The Engaged Intellect | 5/4/2003 | See Source »

This dual system has had a historic rationale. Separate tax books allow for differential accounting of expenses that can provide a fiscal policy tool without distorting the way in which income is reported to capital markets. While historically relevant, this argument has outlived its usefulness for several reasons. For starters, these different definitions of such expenses no longer account for much of the difference between book and tax income. Other factors—such as the peculiar accounting treatment of stock option compensation, differential treatment of overseas income, subsidiary income and pension obligations—account for large amounts...

Author: By Mihir A. Desai, | Title: Reading Off the Same Page | 5/4/2003 | See Source »

Final clubs are easy enough to identify, but—as the administration knows well—quite hard to eliminate. They own their own property, and even though they are not Harvard-affiliated on account of their obvious conflict with Title IX, the Development Office doesn’t want them to disappear. Somehow the list of Harvard’s most influential alumni overlaps with final club members to a remarkable degree. Aha! There’s something we forgot to consider when scratching our heads about these clubs’ appeal: they make kids rich, even...

Author: By Madeleine S. Elfenbein, | Title: Join the Club | 5/2/2003 | See Source »

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