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...rolled up into a three-digit number between 300 and 850. The higher the number, the more likely you are to pay back a loan, the thinking goes. A few years ago, Fair Isaac calculated that the average FICO score in the U.S. was 723. Fair Isaac hasn't gone back to recalculate the average recently, but observers say it has most certainly dropped in the past year...

Author: /time Magazine | Title: Lenders Look Beyond Credit Scores to Gauge Who's a Risk | 1/9/2009 | See Source »

...spent billions of dollars from Iran's Oil Stabilization Fund, which is supposed to act as a safety net during an oil crash, to pay for social programs for his millions of supporters, most of whom are poor - though there is little public accounting for where the money has gone...

Author: /time Magazine | Title: Oil's Sinking Fortunes | 1/8/2009 | See Source »

...just a plain old country lawyer, and I haven't heard from anybody who counts," says Thomas, a veteran of the Environmental Protection Agency and a couple of big law firms who is now a solo practitioner in suburban Boston--and whose letters to Capitol Hill have so far gone unanswered. Also, clawing back money from individual employees, as Thomas proposes, is a far more fraught and complex endeavor than hitting up corporations, as Superfund does...

Author: /time Magazine | Title: Economy Cleanup: Clawback to the Future | 1/8/2009 | See Source »

Plenty of companies with charismatic leaders can still thrive after they're gone, says Jeffrey Pfeffer, a professor at Stanford University's business school. Recent examples include Wal-Mart, Southwest Airlines and the Mayo Clinic, he says. The trick lies in the ability of successors to understand what made a company great--and preserve that part of the culture. And what's Jobs' secret sauce? "Most company leaders do what everyone else does," says Pfeffer. "The genius of Jobs is to get his company and its people to get out of that rut--to not follow the crowd but lead...

Author: /time Magazine | Title: Can Apple Survive Without Jobs? | 1/8/2009 | See Source »

...ragtag rebel force to improbable victory in early January 1959. Yet, days before this event, it was also Raúl’s turn to preside over the session of the Cuban National Assembly to enact a new social security law—an act that symbolizes what has gone well and badly over the past half century...

Author: By Jorge I. Domínguez | Title: The Castro Regime at Age 50 | 1/8/2009 | See Source »

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