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...book you use milk as an example. When you walk into a corner store and you buy a gallon of milk, you hand your money over to the storekeeper and you walk away. You're trusting in the integrity of the storekeeper to deliver milk [that] is safe and good. So that's just a basic trust in integrity. But if you start peeling back the layers off that transaction you can see there are far more relationships of integrity and trust needed to bring that milk to you. You can start with the farmer who needs to look after...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...those? I use eBay as an example of how you can create integrity from scratch. If you played according to the rules - if you bought, if you sold exactly the products in the way that you said they were, if you handed them over to the buyer in good order - then everybody created wealth and everybody benefited. And that cycle of integrity and wealth encouraged more people to come in. And then you had a bigger pot of integrity and a bigger pot of creating wealth. It's a virtuous circle...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...truth out into the open so people can make their own decisions. Norms [are] basic guidelines that are simple, easy to understand and intuitive. If you're buying [on eBay], the rule is, you follow through and you send your money. If you're selling, you basically send your goods in the way that you say you will. That makes sense to us; it's easy to follow those rules. Lastly, accountability. This isn't about trying to catch people. It's actually about giving people the perception that if they break the rules there's a good chance they...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...News on March 5. Among the other measures he wants to see implemented is legislation that would allow holding terrorism suspects without trial or charge and a method of handling detainees who win their habeas corpus cases. Bringing KSM into a military trial, Graham said, "is a good start to find a way forward...

Author: /time Magazine | Title: Can Lindsay Graham Broker a Deal on 9/11 Trials? | 3/9/2010 | See Source »

...Graham's attempt to expand the negotiations, the discussions are further complicated by the fact that Hill Democrats don't have a good fix on votes and don't believe the White House does either. "I don't think they've done the legwork to determine if they have the votes," says a senior Democratic aide...

Author: /time Magazine | Title: Can Lindsay Graham Broker a Deal on 9/11 Trials? | 3/9/2010 | See Source »

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