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...sounds like a lofty ideal when Angelo Mozilo, a co-founder of Countrywide, says in a speech in 2003, "Expanding the American dream of homeownership must continue to be our mission, not solely for the purpose of benefiting corporate America, but more importantly, to make our country a better place." Countrywide and others made mortgages available to anyone with a pulse, aided and abetted by Wall Street, which created the market for exotic mortgage derivatives. By 2008, "banks and investors had plied the average American with mortgage debt on such speculative and unthinking terms that not just America's economy...

Author: /time Magazine | Title: Business Books | 4/12/2010 | See Source »

...businesses. Brown will run the rest, which the company calls Motorola Enterprise Mobility Solutions and Networks, a name that could only have been fashioned by engineers. "I've long advocated that these were two distinctly separate companies," Brown says. "The split will mean renewed focus, improved innovation, better customer satisfaction and increased employee engagement...

Author: /time Magazine | Title: Motorola's Binary Code | 4/12/2010 | See Source »

...money in expanded innovation, and we can consider ways to grow the firm organically or potentially through acquisitions," Brown says. "It will also be easier to attract world-class talent to a world-class firm rather than one in transition." Perhaps two heads will prove, after all, to be better than...

Author: /time Magazine | Title: Motorola's Binary Code | 4/12/2010 | See Source »

Dong is leveraging its position as the front runner in wind power to put it ahead in another potentially lucrative market: electric cars. Partnering with Shai Agassi's A Better Place, Dong is involved in a plan to store volatile wind power from turbines for electric-car batteries. Today the consumption and production of electricity from wind occur concurrently. Dong is working on a system in which batteries can be charged when cars are used least and when turbine generation is at its highest - at night...

Author: /time Magazine | Title: Radical Green | 4/12/2010 | See Source »

...actual thought before routinely purging it from your inbox. Choose to volunteer on a shift with the Harvard Square Homeless Shelter, go on a building day with Habitat for Humanity, or help distribute meals to impoverished Cambridge families. These are just some of many ways to give back and better the situations of the homeless and poorer residents with whom Harvard shares the city of Cambridge...

Author: By Jacob Cedarbaum | Title: Two Cambridges | 4/12/2010 | See Source »

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