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...Shareholder advocates suggest that the Siemens board may have another motive, too: to build goodwill with the U.S. Securities and Exchange Commission. The SEC is conducting its own investigation into the bribery affair and could slap hefty fines on the company unless Siemens demonstrates that it is taking convincing action to clean up the mess on its own. "The SEC plays a role in this decision in the sense that Siemens wants to show that it is pursuing everyone involved regardless of their past position or reputation," says Daniela Bergdolt of the German Association for the Protection of Securities Ownership...

Author: /time Magazine | Title: Siemens Sues Its Own Managers | 7/30/2008 | See Source »

...Agarwalla brothers, who launched Scrabulous, are still considering their options, I'm told. They have attorneys in both the U.S. and India, where they are fighting a similar action against Mattel, which owns the licensing rights to Scrabble outside North America. "Facebook has informed us that they have received a legal notice from Hasbro in reference to the Scrabulous application. In deference to Facebook's concerns and without prejudice to our legal rights, we have had to restrict our fans in USA and Canada from accessing the Scrabulous application on Facebook until further notice," their statement reads...

Author: /time Magazine | Title: Scrabulous Is Gone, and Life's a Blank | 7/29/2008 | See Source »

...will depend, of course, on who wins the presidency. But regardless, at least two measures are sure to see votes: the children's health program and the No Child Left Behind Act, both of which will expire without congressional action (No Child Left Behind actually expires in September, but it's likely that another extension will be passed). Both, also, are stepping-stones to two major campaign issues: education reform and universal health care...

Author: /time Magazine | Title: Congress Lays Ground for 2009 | 7/29/2008 | See Source »

...decision by next week - a verdict requires 7 out of 11 votes. They are largely a staunchly secularist group, with an aversion to the politics of Erdogan and company. But the judges are also bound to weigh the evidence on legal grounds and decide whether the government's actions, regarding the headscarf and other matters, warrant such drastic action...

Author: /time Magazine | Title: Fatal Bombings in an Edgy Turkey | 7/28/2008 | See Source »

...been that he's broken, he shattered, many of those stereotypes," Obama said of U.S. perceptions of Europeans who "don't want to get their hands dirty." Conversely, Obama noted, Europeans often defer to America in dire situations only to criticize their powerful ally once it has taken action. "I think for too long ... Europeans, I think, have seen Americans just as unilateral and militaristic and have tended to forget the extraordinary sacrifices that U.S. military but also U.S. taxpayers have made in helping to rebuild Europe...

Author: /time Magazine | Title: Obama Gets Love from Sarkozy | 7/25/2008 | See Source »

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