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...problem is, it's not getting better fast enough, and it's not getting better for everyone. One billion people live on less than a dollar a day. They don't have enough nutritious food, clean water or electricity. The amazing innovations that have made many lives so much better - like vaccines and microchips - have largely passed them by. This is where governments and nonprofits come in. As I see it, there are two great forces of human nature: self-interest and caring for others. Capitalism harnesses self-interest in a helpful and sustainable way but only on behalf...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...bribes. The Munich court fined Siekaczek $170,000 and issued a two-year suspended prison sentence. The Munich prosecutor said he hoped Siekaczek's lenient sentence, offered in exchange for a full confession, would encourage many of the 300 additional suspects under investigation in the case to come clean...

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

...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. "They hope...

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

...drawing high-profile clients like King Abdullah of Jordan, Venezuelan President Hugo Chávez and actor Stephen Segal. But be warned: in this élite circle of the secure and stylish, there is a hidden cost. In the unfortunate event of stains--blood or otherwise--the garments are dry-clean only...

Author: /time Magazine | Title: Dressed Not to Be Killed | 7/24/2008 | See Source »

...Barring any further revelation of French breaches, this month's twin mishaps won't alter France's official policy on the technology - nor are they alone likely to undermine the French public's approval of it as a clean, cheap energy source. But should Borloo's inspections turn up additional failings, France's long-term bet on nuclear power could face shakier odds...

Author: /time Magazine | Title: French Doubts Up After Nuke Mishaps | 7/18/2008 | See Source »

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