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...groundwork laid by the Special Inspector General in anticipation of fraud: "[The Special Inspector General for TARP] is already working closely with FBI's Washington Field Office on joint projects and has met with representatives of the New York Field Office as well ... [The Special Inspector General for TARP] and the New York State Attorney General's Office are coordinating efforts with respect to TARP recipients' compliance with executive compensation restrictions...

Author: /time Magazine | Title: TARP Oversight Report | 2/6/2009 | See Source »

...When did that Dow board know that the Kuwait deal was in trouble? Did it decide to rely on the money which was coming from the Middle East company to complete the Rohm deal? Did anyone ask how the M&A transaction would be financed absent the Kuwait joint venture? Rohm has now fairly taken Dow to court and insisted that the deal be completed. It has pointed out that Dow has access to the capital necessary to close. That capital may be expensive, but the legal and ethical obligations are clear. Dow CEO Andrew Liveris has quickly developed...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

Massachusetts General Hospital received its largest donation in history yesterday—$100 million—to create a joint institute between Harvard, MIT, and affiliated hospitals with the stated goal of finding a vaccine for AIDS within the next decade. The gift from Phillip “Terry” Ragon and his wife, Susan, will create the Ragon Institute—designed to overhaul norms of clinical research by drawing from acclaimed physicians, researchers, and engineers in various fields who have never directly worked in AIDS research before. Harvard Medical School professor Bruce D. Walker, who runs...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Mass. General Gets $100M Gift | 2/5/2009 | See Source »

...Institute, which was founded through a joint venture of the two institutions in June 2003, announced in a press release that “this move is unrelated to the recent widespread economic problems.” Eli and Edythe Broad recently donated $400 million to the Institute in September...

Author: By Paul C. Mathis, CRIMSON STAFF WRITER | Title: Broad Institute Cuts Staff | 2/3/2009 | See Source »

...reopen, suggesting that Britons even more than Washingtonians lack the "flinty Chicago toughness" that President Obama missed when his daughters' new school closed its doors during a recent wintry blast in the U.S. capital. When Chinese Premier Wen Jiabao's London visit was disrupted by the snow (at a joint press conference with Prime Minister Gordon Brown, his British host was diverted toward answering questions about the meteorological emergency), Britain's international humiliation was complete. (See pictures of London's Tube after midnight...

Author: /time Magazine | Title: Snow Business Means No Business in London | 2/3/2009 | See Source »

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