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...Citigroup was never a real company, from the day it was formed until today. With four huge business units and dozens of operations in scores of countries, the notion that a consumer-credit-card operation under a common roof with a corporate-lending business should be helpful to either business was ridiculous...

Author: /time Magazine | Title: Why Citigroup Never Mattered | 1/14/2009 | See Source »

...next stage of economic development - but he does so almost in passing and one longs for more substance on these points. Thankfully, his rearview vision is far more fleshed out. As a look at China's entrepreneurial economy in the 1980s and 1990s - and as a counterpoint to the common misconception that China is steadily evolving into a more market-oriented economy - this book is unparalleled...

Author: /time Magazine | Title: The Aborted Revolution | 1/14/2009 | See Source »

Shapiro says the message of the Torti-Van Horn case is not "Don't rescue, because if anything happens to the person, you're liable." Those who choose to rescue people have always been protected under common law, he points out, provided they act with due care. "If you wanted to rescue somebody, you can go rescue somebody even if you are not a doctor, but if you are negligent and the person is hurt, you're going to be liable," says Shapiro. "Negligent means unacceptably careless. It's not that big of an obligation to put on people...

Author: /time Magazine | Title: The Perils of Being a Good Samaritan in California | 1/14/2009 | See Source »

...post-haste.If human rights advocates are to establish a relevant global code of ethics, they must jettison this language of abstract rights in favor of a consensus anchored in the universalist elements of cultures around the world. Advocates must sincerely acknowledge cultural context in order to effectively address issues of common human welfare. The platform of human rights must shift from supracultural abstraction—“universally rational” values which ultimately rest upon Western liberalism—toward intercultural and intracultural pragmatism. Article 7 of the UN Declaration on Human Rights Defenders asserts that...

Author: By Raúl A. Carrillo | Title: Human Rights 2.0 | 1/13/2009 | See Source »

...While sales are down at most nationwide retailers, Khubani says the number of Telebrands products purchased in Walgreens, Target and Wal-Mart are "way up," with overall sales nearly doubling since last year. "They're typically inexpensive, solve a common problem, and they're fun," Khubani says, explaining the success of his products. Of course, when it comes to pricing, it helps that many of these companies, including Allstar, outsource nearly all aspects of production, shipping and ordering. The Snuggie, for example, is manufactured in China...

Author: /time Magazine | Title: The Cult of the Snuggie: That Ubiquitous TV Ad | 1/13/2009 | See Source »

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