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...Cows account for about half the illegal trade; Indian government rations of wheat, rice and sugar sold on the black market in Bangladesh, as well as cough syrup (used as an intoxicant across the border), account for the rest. Altogether, this informal trade is nearly as large as the formal trade, according to a 2006 study by the World Bank. Mohammad Jalal Uddin Sikder, a researcher with the Refugee and Migratory Movements Research Unit (RMMRU) at the University of Dhaka, describes typical smugglers: "They are landless, most of them are female, sometimes divorced. They have no other choice." Criminalizing...

Author: /time Magazine | Title: A Great Divide | 2/5/2009 | See Source »

...cumbersome put option in its alliance with Fiat. The then brand-new CEO of the Turin company, Sergio Marchionne, emerged as a tough-as-nails dealmaker as he sat across the table from top GM executives. The Italian-born, Canada-raised Fiat chief told his American counterparts they would cough up the full value of the put option or battle it out in court. GM blinked, and the huge payout added to its accumulating troubles that today leave the American auto giant struggling to avoid bankruptcy...

Author: /time Magazine | Title: Fiat to Take 35% Stake in Chrysler | 1/20/2009 | See Source »

Sure, experts say, he'll cough up the obvious brokerage accounts, client names, and offshore and numbered accounts that dealt directly with his investment company, Bernard L. Madoff Investment Securities LLC. And he'll begrudgingly concede the $7 million Park Avenue pad, the Palm Beach digs, the yachts, the French villa and the Montauk getaway. But no one believes he'll tell authorities where all the booty is stashed - not a chance, unless it saves him from walking the plank. It's the equivalent of the British government asking the infamous pirate Captain Kidd if he wouldn't mind handing...

Author: /time Magazine | Title: Where Has Bernie Madoff Buried His Loot? | 1/7/2009 | See Source »

...auto companies then did their part, with Chrysler recently announcing it would shut down operations for a full month, raising the threat of catastrophic liquidation if someone in Washington didn't cough up some money. Bush's hand was forced. In theory, the job of saving the car companies would have gone to the Commerce Department, but its chief, Carlos Gutierrez, doesn't have access to the kind of money Detroit needs, so Bush gave the job to Treasury Secretary Hank Paulson...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

...Leading the way with eight nominations is Lil Wayne, the tiny mixtape-making, cough-syrup-swilling stream-of-consciousness New Orleans rapper whose Tha Carter III truly was one of the best albums of the year. His competition in Grammys' glamour category comes from Coldplay's slightly overhyped Viva La Vida, Ne-Yo's Year of the Gentleman, Robert Plant and Alison Krauss's elegant Raising Sand and Radiohead's record-industry death knell In Rainbows...

Author: /time Magazine | Title: Grammy Nods: Bad Show, Decent Nominees | 12/4/2008 | See Source »

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