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...learned that money brought respect, and it was like a narcotic," he says. "I couldn't live without it." At its peak, ZZZZ Best had 1,400 employees at 23 locations in three states. But the reality was something else: more than 85% of ZZZZ Best's cash flow came from undisclosed loans fronted by organized crime in New York City--all booked as revenue for supposed contracts to renovate distressed housing. When the FBI finally unraveled the scheme, Minkow managed to pay off his Mafia loan sharks ("You can't mess with them," he says), but some $300 million...

Author: /time Magazine | Title: Scambuster Inc. | 1/24/2005 | See Source »

...among political factions that do not completely support him. Before relinquishing the helm, Jiang installed important allies in the Party's bureaucracy who continue to be loyal to him and his powerful Politburo acolyte, Vice President Zeng Qinghong. The Party's General Office, for instance, which controls the daily flow of memos and intelligence, remains in the grip of Jiang appointee Wang Gang. Until Hu maneuvers more of his own people into key political positions, the President must watch his step. "Most leaders have to shore up their credibility with the Party's Old Guard before moving forward," says Anthony...

Author: /time Magazine | Title: Requiem for Reform? | 1/23/2005 | See Source »

...typically locked gate between Lowell and Winthrop Houses was open last night to accommodate the flow of students...

Author: By Nicholas M. Ciarelli, CRIMSON STAFF WRITER | Title: Winthrop Drainage Odor Closes Dining Hall | 1/21/2005 | See Source »

While the general trend seems to be that the colder it gets, the less incoming cash flow, the ice cream business in the Square is not totally dismal...

Author: By Rebecca M. Harrington, CONTRIBUTING WRITER | Title: Ice Cream Sales Freeze | 1/19/2005 | See Source »

...make Bertelsmann a publicly held company, not about Bertelsmann's financial performance. Under my leadership, the company's revenue nearly doubled, the operating profit (EBITDA) more than tripled, and the equity quintupled. Today, the companies acquired during my tenure deliver more than 60% of Bertelsmann's free cash flow. Thomas Middelhoff CEO, Bertelsmann, 1998-2002 London...

Author: /time Magazine | Title: Letters | 1/16/2005 | See Source »

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