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...small line of advertisements at the bottom of the screen.) What's next for the 17-year-old whiz kid? More "weird" updates for ChatRoulette, and perhaps a trip across the Atlantic. Ternovskiy told the Times he's never traveled to the U.S., but the success of his creation has attracted attention from venture capitalists. ChatRoulette might be all about skipping ahead to the next person, but Ternovskiy is already proving he's someone to watch...

Author: /time Magazine | Title: ChatRoulette: The Perils of Video Chats with Strangers | 2/16/2010 | See Source »

According to an 80-page finance-ministry plan released on Jan. 15, that revolution will reduce spending by cutting operating expenses by 10% and freezing wages and new hiring. The plan also calls for an improved tax-collection system and the creation of an independent statistics service, which should make it harder for officials to manipulate data. Parliament has passed a 20% tax on alcohol and tobacco, and other tax hikes are rumored. This worries executives like Doros Constantinou, the CEO of Coca-Cola Hellenic, which sells soft drinks in 28 countries. "An increase in taxes will have an impact...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...wars and tax cuts for the wealthy. Propping up the fragile economy, he added, remains a top White House priority--and it's not cheap. While the proposed budget includes a three-year freeze on discretionary spending and other deficit-reduction measures, it also calls for such job-creation measures as tax breaks for small businesses and infrastructure-investment programs...

Author: /time Magazine | Title: The World | 2/15/2010 | See Source »

...reputation for quality that Toyota has damaged in just a few months took decades to build. Though Toyota was founded in the 1930s, its climb to global prominence started after World War II as the company became one of the exemplars of Japan's miracle - the creation of a successful, technologically advanced economy out of the ashes of war. In the 1950s, the company experimented with ways to manufacture cars more efficiently. Ironically, Japan's awful postwar poverty acted as a spur. The production techniques of American car companies - with heaps of stored components awaiting assembly, and ample machinery...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...We’re not a real venture fund. And even a real venture fund does not give any sustained support,” said Wilkins, who was consulted during the creation of the fund...

Author: By Elias J. Groll and Zoe A.Y. Weinberg, CRIMSON STAFF WRITERS | Title: Harvard Law School Replaces Suspended Public Service Initiative | 2/10/2010 | See Source »

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