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...company he helped found; in Bangalore. In 1981, Murthy and six other software engineers borrowed $250 from family members to start Infosys, today a $23 billion outsourcing giant and India's second-largest software company. Murthy, whose personal fortune is estimated at $1.2 billion, is leaving after reaching the firm's mandatory retirement age but will continue to serve as nonexecutive chairman. DIED. Joseph Hill, 57, socially conscious reggae guru who became one of the genre's first prominent voices; after falling ill while on a European tour; in Berlin. In the 1970s his foreboding, heavily percussive "roots-reggae...
...With getting your feet planted on firm academic ground no longer a pressing necessity, take this time to sink deeper into an extracurricular. Branch out and try something new—you made it through the first semester okay...
...Firm statistics on the mental health situation are admittedly hard to come by. Demographers can't even agree on how many people live in New Orleans now, but best estimates put at less than 200,000 - vs. 450,000 people pre-Katrina. The coroner's office recently told the Times Picayune that suicides had gone up from 8 to 26 per 100,000 people. "On a per capita basis, we've seen an increase in suicides, depression, substance abuse, and domestic violence. If you've driven the city, you see why. We've not made a lot of progress," says...
...roundly pilloried for mishandling the relief effort after the hurricane. At first President Bush stood by him, but two weeks after the storm, Brown resigned. For six weeks, he continued to work for FEMA as a consultant. Then he set up his own shop--in disaster preparedness. His firm, Michael D. Brown LLC, draws on the lessons of Katrina to help corporate clients implement contingency plans ahead of natural disasters. He has taken his unapologetic message to Congress. Testifying in February, he blamed his bosses at the Department of Homeland Security for FEMA's response to Katrina and urged "corrective...
Reversals like these often mark the true end of a contentious business cycle, as the legal system shakes out how old laws will apply to new crimes. The Supreme Court's decision last year to overturn the conviction of accounting firm Arthur Andersen wasn't without precedent. (Nor was it helpful: after the initial trial, Andersen had collapsed and some 28,000 U.S. employees lost their jobs.) Similarly, Charles Keating, one of the biggest nabs in the 1980s savings and loan scandal, saw his conviction reversed nearly five years after going to prison. And after the late-'80s insider-trading...