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...Georgia Perilous Peanuts Nearly 500 people in 43 states have been sickened by a salmonella outbreak caused by tainted peanut butter and peanut-butter products. Made at the Peanut Corp. of America's Blakely, Ga., plant on or after July 1, 2008, the products were not sold directly to the public but distributed to other food companies. Kellogg Co. has recalled 16 of its products, including items from its Keebler and Famous Amos labels, and said salmonella was found in some of its peanut-butter crackers. The outbreak, which may have contributed to six deaths, is unrelated...

Author: /time Magazine | Title: The World | 1/21/2009 | See Source »

...factored in, some employees are suffering pay cuts of up to 50%. And despite efforts to keep staff on payrolls, the number of layoffs at Hsinchu tripled last year, to 4,400, compared with layoffs in 2007. "Everyone's insecure about their future," says a saleswoman at United Microelectronics Corp. (UMC), who requested anonymity. "I came to Hsinchu 10 years ago for the money. Everyone felt this industry was promising, but now we have to be ready for other options." (See pictures of the global financial crisis...

Author: /time Magazine | Title: Forced Vacations for Taiwan Tech Workers | 1/20/2009 | See Source »

...late 1990s and early part of this decade, a succession of Federal Deposit Insurance Corp. (FDIC) chairmen fought to raise the agency's insurance limits and its clout. Congresses repeatedly said no. Employment at the FDIC shrank to 4,500 staffers, from about 23,000 in the early 1990s. Some even argued that the agency's insurance fund should be abolished altogether...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

...While the Securities Investor Protection Corp. (SIPC) is helping Bernie's closest friends and investors with recovery of up to $500,000, the unregistered feeder-fund victims are likely to get little. Here's why: As it stands, the SIPC's charter helps investors recover monies only from registered brokers and firms engaged in fraud. This is all good for the 8,000 who had registered or direct accounts with Bernard Madoff Investment Securities, a broker/dealer. In fact, right now, most are busy filling out their just arrived SIPC claim-recovery forms in hopes of getting back half...

Author: /time Magazine | Title: Bernie Madoff's Victims: Why Some Have No Recourse | 1/12/2009 | See Source »

...Credit scores, first developed in the late 1950s, try to boil down to a single number whether a person is likely to pay back a loan. The most widely used ranking of individual creditworthiness is the FICO score. Fair Isaac Corp., which computes the number, won't say exactly what goes into the formula, but it is essentially a summation of an individual's credit history - which loans were paid off and which weren't - rolled up into a three-digit number between 300 and 850. The higher the number, the more likely you are to pay back a loan...

Author: /time Magazine | Title: Lenders Look Beyond Credit Scores to Gauge Who's a Risk | 1/9/2009 | See Source »

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