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...wanted to buy the companies because they held many of the illicitly acquired properties; absorbing them into Satyam could have allowed Raju to cover up his misdeeds indefinitely. But many of Satyam's foreign stakeholders, who owned 47% of the Nasdaq-listed company, grew suspicious and angry over the deal and dumped the stock, sparking a 50% drop in the shares. Satyam canceled the acquisitions, and Raju, no longer able to hide the massive fraud, confessed three weeks later...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

Humans have expended a great deal of intellectual energy over the past few thousand years trying to understand the morality (or amorality) of seeking pleasure. Most of philosophy begins with the question of what defines the (or a) good life. But what if the answer to what makes us happy comes down to how much of a particular chemical is circulating in our brain at any particular moment...

Author: /time Magazine | Title: Can Dopamine Make Your Future Look Brighter? | 11/27/2009 | See Source »

...ruled that the 2007 State of Emergency declared by former president General Pervez Musharraf in November 2007 had been unconstitutional and illegal. The amnesty that spared Zardari having to face charges was issued by Musharraf as part of a last-ditch attempt to hang onto power by cutting a deal with Zardari and his late wife, the slain former Prime Minister Benazir Bhutto, who also faced corruption charges. (Zardari had previously served two stints and a total of 11 years behind bars, having been arrested, although never convicted, under former Prime Minister Nawaz Sharif, released when his wife came...

Author: /time Magazine | Title: Corruption Charges Loom for Pakistan's Pro-U.S. President | 11/27/2009 | See Source »

...restructured ourselves. This renewal came at the right time to meet these challenges. And it's in how we meet them that we will show how we will be successful. Nevertheless [the protests] say to the government that we had better move. It's a wake up call: Deal with this! Pay serious attention! If we do not deal with these things now, people will lose confidence...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

...educate our young people in violence and sex? It's influencing young people into how to become criminals - young people like to repeat what they see in films. It's creating young people prone to violence, rape and criminality. It's not conservatism. It's saying: how do we deal with these things? It's saying: let's not keep quiet about these matters...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

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