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...physical and bureaucratic challenges associated with registering an organization. There is, for example, one telephone number on his directorate's website (and it's out of service). Up until a few weeks ago, there was no internet connection in his offices even though the directorate's website encourages e-mail inquiries...

Author: /time Magazine | Title: The Iraqi Government's New Target: Do-Gooders | 3/29/2009 | See Source »

...year-old oversaw a disastrous expansion that almost felled one of Europe's largest banks, prompted a $30 billion government bailout last fall and triggered the biggest annual loss in U.K. corporate history. "We are angry," a group claiming responsibility for the attack wrote in an e-mail to an Edinburgh newspaper, "that rich people, like him, are paying themselves a huge amount of money and living in luxury, while ordinary people are made unemployed, destitute and homeless. Bank bosses should be jailed. This is just the beginning." (See pictures of the financial crisis in London...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

...pitching the sale of MySpace to Murdoch: On its own, [parent company] Intermix was not much of a prize. It owned a bunch of websites offering games like bingo and animated fart jokes that users could e-mail to one another. It was barely profitable. It had been sued by New York attorney general Eliot Spitzer for distributing spyware inside screen savers, screen cursors and games...

Author: /time Magazine | Title: Stealing MySpace | 3/27/2009 | See Source »

...full freshman class. Because private undergraduate colleges draw an average of 60% of their operating costs from tuition revenue, a student shortfall could cause a painful budget crunch, forcing schools to cut programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous as the high school seniors waiting for word. Nailing the target class size is always "like landing a 747 in your backyard," says Skidmore president Philip Glotzbach. This year many colleges are prepping for the bumpiest landing...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...World Economic Forum in Davos in January, Manuel warned that billion-dollar bailouts were a distraction from a bigger, supranational task: the creation of truly global regulation to oversee global capitalism. Or as he recently put it to Johannesburg weekly the Financial Mail: "If you were a doctor and your patient had major cardiovascular and lung problems, prescribing an aspirin ... might make him feel better, but would it solve the problem?" At the G-20, the developing world will look to Manuel to speak for them, as he often does. The humbled leaders of rich nations are likely to listen...

Author: /time Magazine | Title: Trevor Manuel: The Veteran | 3/25/2009 | See Source »

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