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...sure as growth slides and employment numbers tumble, so cases of fraud rise during recessions. This time is no different. According to a report out May 20 from the Network, a U.S. firm that runs compliance and corporate-governance hotlines for about half the Fortune 500, fraud-related calls amounted to 21% of all reports in the first quarter of this year, up from 14% in the same period in 2007. While reports of problems such as harassment, discrimination or health and safety transgressions saw "no appreciable increase," according to Luis Ramos, CEO of the Network, the number of whistle...

Author: /time Magazine | Title: The Reasons Fraud Spikes in a Recession | 5/20/2009 | See Source »

Spending Big The good news from Germany is that lots of money buys lots of stuff. Halle today has a new network of fast highways and rail tracks, a renovated historic city center, ultramodern water-treatment plants, a technology center on the site of a former Soviet army base just outside town, and - most needed of all - thousands of solid new jobs in a rebuilt industrial sector that has become home to U.S. firms such as computer maker Dell and Dow Chemical. Mayor Szabados waves to a corner of her office. Leaning up against the wall there are two dozen...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...synthesizing a polymer from crabs' claws - it's used as an ingredient by pharmaceutical and cosmetics companies. Heppe founded her firm three years ago. Up to 50% of the investment in research and development is subsidized, and Heppe says she came to Halle because there's a supportive network in place to help small startups such as hers...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...seven new provinces, as the government lays down the architecture of a decentralized liberal state. Nasheed has already embarked on trips to Europe and the Middle East to gin up private investment in public projects, from treating sanitation to investing in green energy to establishing the much-needed ferry network linking the archipelago's far-flung islands. Election fever is growing: Nasheed sits in office with the tenuous backing of a coalition of increasingly fractious parties, fitful after decades in which politics could not exist at all. Parliamentary elections on May 9 could give him and the MDP a stronger...

Author: /time Magazine | Title: The Maldives' Struggle to Stay Afloat | 5/18/2009 | See Source »

...personality-driven movement like the LTTE is unlikely to last long. It could also continue in some form in the Tamil diaspora, though its reason for being - the creation of a Tamil homeland, or eelam - is essentially destroyed. The leadership of what remains of the Tigers - mainly its international network - is likely to be assumed by Selvarasa Pathmanathan, who now heads the global operations but who was better known as the Tiger's chief arms-procurement agent. Prabhakaran is believed to have given some instructions to LTTE representatives in Malaysia and elsewhere, but it is unclear what his intentions were...

Author: /time Magazine | Title: Colombo: Tamil Tiger Leader Killed in Ambush | 5/18/2009 | See Source »

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