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Udelnaya is a sleepy town southeast of Moscow, full of muddy roads lined with brightly painted wooden houses. Behind a frozen stream there is one large brick building that looks a little out of place. Inside are hundreds of rows of jars exuding an unpleasant smell. They are full of Hirudo medicinalis, more commonly known as leeches. But few locals are turning up their noses at the presence of so many blood-sucking annelids. Leeches are the flourishing industry in Udelnaya, a bright spot in a Russian economy hurtling into recession...

Author: /time Magazine | Title: Leeches: Fresh Blood for Russia's Economy | 3/28/2009 | See Source »

Hidden by the big bottom-line losses are a number of Citi businesses that seem to be doing well. Along with mergers and acquisitions, analysts point to Citi's foreign-currency trading divisions and its business of processing payments and moving money around the world as two other bright spots. Earlier this month, Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along...

Author: /time Magazine | Title: Citigroup's Mergers Business Is Still Thriving | 3/27/2009 | See Source »

...large companies, it is not really the job of the CEO to run the company. There are plenty of bright operational, financial, and legal executives. Business schools teach that CEOs are charged with looking at a company's future so that they can think strategically about how to position their firms for the world as it will be in five or ten years...

Author: /time Magazine | Title: Blaming Newspaper Management for Newspaper Problems | 3/27/2009 | See Source »

...combination of three other things you've never heard of: reiki, facial reflexology and emotional-freedom techniques. Narayan, by the way, also made up her name, which used to be Kristi Marie Jones. Narayan, she says, means "protector and uplifter of all whose perception is as clear, clean and bright as flowing water," while Kristi Marie Jones means just "Kristi Marie Jones." She is not the only Narayan at the wellness center. (Read more on TIME's Wellness blog...

Author: /time Magazine | Title: Spas Are So Yesterday | 3/26/2009 | See Source »

...possible EHR functionalities in at least one unit of the hospital. Even one of the most straightforward functions - computerized drug-prescribing - had been implemented in just 17%. Physicians' notes - which can be confusing at best and flat-out illegible at worst - had gone digital in just 12%. The only bright spot in the findings was computerized results-viewing, which allows doctors and nurses to call up lab results onscreen instead of having to wait for them to be delivered by hand; that time-saving upgrade had been implemented by more than 75% of the hospitals surveyed...

Author: /time Magazine | Title: Electronic Health Records: What's Taking So Long? | 3/25/2009 | See Source »

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