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British engineering firm Xtrac has come a long way in its 25 years. From two tiny offices, the company, which designs and manufactures hi-tech gearboxes for racing cars, now occupies a sleek, 88,000 sq. ft. (8,200 sq m), purpose-built site in Berkshire, a one-hour drive west of London. Xtrac sells its lightweight, high-strength components to the majority of teams competing in Formula One, motor racing's blue-ribbon championship. But the road ahead suddenly seems a lot bumpier. With Formula One teams racing to cut costs amid the economic downturn, Xtrac is selling fewer...

Author: /time Magazine | Title: Formula One: Behind the Wheels | 3/25/2009 | See Source »

...ambitious agenda for a conference, but the only potential beneficiaries of the fictitious event are the scammers. "The internet is wonderful in many ways but these gangs put a lot of effort in because they make money from it," said Straw, who as Home Secretary established the National Hi-Tech Crime Unit to crack down on exactly such activities. "In a lot of cases, they do get people to cough up." To the merriment of his Westminster colleagues, none of Straw's constituents put hand into pocket to rescue their MP. (See a story about how one web browser warns...

Author: /time Magazine | Title: Cabinet Minister Needs Cash: The Jack Straw Scam | 2/25/2009 | See Source »

After the court hearing, McKinnon admitted his hacking activities had been "very misguided" and said he would have gladly settled for a U.K. trial, but the fact he didn't get one might have a simpler explanation than transatlantic collusion. In 2006, the U.K.'s National Hi-Tech Crime Unit - the one that arrested McKinnon in 2002 - was disbanded. Though there is pressure to rebuild a specialist e-crimes unit, mostly prompted by the soaring cost of cyber fraud, the U.K. government has so far failed to come up with funding. In short, says Jordan, "they don't take this...

Author: /time Magazine | Title: Hack Attack | 7/31/2008 | See Source »

Gadgets don't like the great outdoors. Your iPhone and digital camera were designed for a quiet life in the city, not the crash and splash of a kayak ride through the rapids. But if you're planning a wilderness adventure this summer, no need to leave the hi-tech world behind. Here's a roundup of rugged gizmos built to survive even the most hard-core holiday destinations...

Author: /time Magazine | Title: Tough Gadgets | 7/23/2008 | See Source »

...with the eyes, in a winking game that in other countries is confined to pre-teens. Killer, also known as Mafia and Murder, has existed in the United States for decades, but a fast-changing China has incubated an amped-up form of the game popular in dozens of hi-tech bars across China's Eastern seaboard - X-Club, alone, claims 3,000 regular members...

Author: /time Magazine | Title: Death in the Flutter of an Eyelid | 12/19/2007 | See Source »

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