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...Kahn's assurances that "at no time did I abuse my role as director-general." Lawyers for Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn issued an apology to Nagy...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

...company's efforts can be as simple as improving the energy efficiency of the products it sells - which also benefits the bottom line, since energy costs remain volatile. That's especially germane to big-power products, like the microprocessing chips that run desktop computers. Shapiro points to Intel, whose new microprocessors are designed to use 40% less energy to generate 40% more power than the previous generation of chips - just 18 months old. Dell itself has rolled out a new desktop that is up to 70% more efficient than the average PC - an attractive quality for server farms, the computer...

Author: /time Magazine | Title: The Greening of Consumer Electronics | 10/21/2008 | See Source »

...well to emulate the Shut the Sash program’s structure: setting each house a number of quantifiable resource-saving goals, and rewarding those houses that meet their goals with regular—and desirable—prizes. This would raise the Green Cup’s cost, but would strengthen the incentive for student involvement...

Author: By Jonathan B. Steinman | Title: Permanent Green | 10/20/2008 | See Source »

...contacting voters with automated, so-called robo-calls identifying Obama along with former domestic terrorist Bill Ayers. Nor did it help last week when McCain, complaining about the admittedly boneheaded voter-registration tactics of left-leaning activist groups like ACORN, somewhat petulantly suggested that Democrat-engineered voter fraud could cost him Florida on Nov. 4. Crist later called that notion exaggerated, saying that in the closing days of a campaign "there are some who enjoy chaos." The McCain campaign, says Geyer, "is using Year 2000 political ideas and thinking they're automatically going to work eight years later...

Author: /time Magazine | Title: What's Got McCain Down in Florida | 10/20/2008 | See Source »

...Currently in the U.K., families of deceased welfare recipients receive a government grant to help cover the cost of cremation or burial. The process of securing such aid usually takes two weeks, although it can last up to two months if there are problems with the application. The country's undertakers have in the past been willing to proceed with burials and cremations on the assumption that they will be paid later - receiving up to $1,200 for funerals that usually cost around $1,700. But according to the NAFD, a convergence of financial pressures has forced a growing number...

Author: /time Magazine | Title: Corpses Pile Up Amid Britain's Financial Crisis | 10/20/2008 | See Source »

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