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...that they're documenting and testing internal accounting procedures, resulting in "an unprecedented level of scrutiny" for investors, according to a recent report by Huron Consulting. Finally, more cops are on the beat. From a budget of just under $400 million in 2000, the Securities and Exchange Commission's haul this year is estimated to be $900 million, paying the salaries of an additional 1,000 accountants, lawyers and economists. No one expects those changes to eliminate corporate fraud entirely. But CEOs may no longer claim, like the old joke about the drunk driver who gets in a car crash...

Author: /time Magazine | Title: After Bernie, Who's Next? | 3/21/2005 | See Source »

Although many airlines are trying to become low-fare carriers, Emirates unabashedly is not. "Passengers' expectations on long-haul flights are different," says Dermot Mannion, an executive at the airline. "The low-fare model will not work on long flights. Passengers want good service, comfort and certainly some food." Emirates is betting instead on full service. The carrier has plenty of well-established rivals. Singapore Airlines, which flies to 94 destinations--among them the recently launched longest nonstop flight ever, from New York City to Singapore--has for years dominated customer-service rankings. Hong Kong--based Cathay Pacific is another...

Author: /time Magazine | Title: A New High Flyer | 3/21/2005 | See Source »

...worth every tentative step. October to December see conditions at their best, and beds at "base camp" - the Paiyun Hostel, located a 9-km hike from the Tatachia Recreation Area, near the Jade Mountain Scenic Highway - should be booked for this time. From here, it's a two-hour haul to the top. Mount Kinabalu, Malaysia, 4,101 m Southeast Asia's highest mountain gets its name from Aki Nabalu ("Mountain of the Dead") - the term used by the local Kadazan people, who believe their ancestors inhabit its highest peaks. Start the trek early from Kinabalu Park...

Author: /time Magazine | Title: Peak Performance | 3/20/2005 | See Source »

...next three to six months, most analysts advise caution over the longer term. Says Bohumil Pavlica, a broker with Prague-based BH Securities: "We have had four, almost five years of [more or less] uninterrupted growth, and now the sobering up will come." - By Jan Stojaspal A Short Haul Germany's Lufthansa confirmed it was in talks with Swiss International Air Lines about taking over the struggling carrier. Swiss - born out of the 2001 collapse of Swissair - would retain its brand...

Author: /time Magazine | Title: Bizwatch | 3/20/2005 | See Source »

...words which take on an exceptionally distinctive meaning when paired together. Their mere utterance unearths treasured images from the memory of any real Harvard student—like that time you blacked out at 1:30 p.m. on top of a couch that was on top of a U-Haul, for example. Or, that time you rushed the field after the Crimson won and pretended to urinate on the Yale insignia. Or that time you rushed the field after the Crimson won and actually did urinate on the Yale insignia. And, of course, let’s not forget that...

Author: By Pablo S. Torre, CRIMSON STAFF WRITER | Title: Revisiting the Name of The Game | 3/18/2005 | See Source »

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