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Dates: during 2000-2009
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...more and more are turning to third-party-exchange networks like Bartercard. According to the International Reciprocal Trade Association, the industry trade body, more than 400,000 businesses transacted $10 billion globally in 2008 - and officials expect trade volume to grow by 15% in 2009. Bartercard, the world's largest exchange network, is leading the charge. So far this year trades through its network are worth more than $2 billion, up by 20% over 2008. Founded in Australia in 1991, when the country was mired in recession, the firm now does business in nine countries - including New Zealand, Sri Lanka...

Author: /time Magazine | Title: Bartering: Have Hotel, Need Haircut | 11/2/2009 | See Source »

Prosecutors in Manhattan said they broke up a major insider-trading ring, the largest ever centered in the hedge-fund industry. Raj Rajaratnam, a billionaire co-founder of the Galleon Group, and five others were arrested and charged with earning $20 million off stock trades on the basis of information unavailable to the public. Rajaratnam, whose firm manages $3.7 billion, allegedly relied on a broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation...

Author: /time Magazine | Title: The World | 11/2/2009 | See Source »

Cereal makers have responded to the obesity crisis by reducing calories, fat and sugar and boosting fiber and vitamins. Twelve of some of the country's largest food players - including Kellogg, General Mills and Quaker's parent company, PepsiCo - have promised to market only "better for you" foods to kids under 12. Of course, companies decide what counts as "better for you," ensuring that their products meet the standards. (Read "Watching TV: Even Worse for Kids Than You Think...

Author: /time Magazine | Title: Sweet Spot: How Sugary-Cereal Makers Target Kids | 11/2/2009 | See Source »

...countries are good, it's litter; when the situation is tense, the detritus is marked in the official record as evidence of "aggressive border-patrolling." Without any direct military confrontation, the tension between Asia's two aspiring superpowers is ratcheting up. (See pictures of China staging the largest military parade in history...

Author: /time Magazine | Title: China Vs. India: Will Rivalry Lead to War? | 11/2/2009 | See Source »

...first comprehensive account of this vast operation in 20 years. It's an imposing volume: Beevor, author of The Fall of Berlin 1945 and Stalingrad, deftly marshals vast tranches of information with his customary unflappability. Just crossing the English Channel involved assembling almost 5,000 vessels, the largest fleet in history. Although Beevor had access to a great deal of new material, there are no major revelations in D-Day. But it contains some surprises...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

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