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...Prime Minister Tony Blair insisted, risked the withdrawal of Saudi cooperation on intelligence matters. BAE always denied any wrongdoing, but in a 2008 report on its business ethics commissioned by the company in the midst of the affair, BAE bosses "acknowledged that the company did not in the past pay sufficient attention to ethical standards." In response, the firm pledged to adhere to all of the report's 23 recommendations on improving its ethics...

Author: /time Magazine | Title: U.K. Defense Contractor Faces Bribery Rap | 10/1/2009 | See Source »

...costly upgrades to the Sea to Sky highway, which winds north along Pacific fjords. Should these projects be part of the Olympic budget or (because they will presumably serve the city for years afterward) part of the general municipal budget? Either way, the projects will take decades to pay down...

Author: /time Magazine | Title: Would Getting the Olympics Be Good or Bad for Chicago? | 9/30/2009 | See Source »

Here's how it will work in the FDIC's case: Later this year, along with their scheduled 2009 fee, banks will pay the FDIC all of the fees that they believe they will owe the agency through the end of 2012. But even though the banks will make those payments this year, they won't show up on 2009 income statements. Instead, each bank will add an asset, a big one, to its balance sheet, right below where the cash they just handed over to the FDIC used to be. It will be called something like prepaid FDIC premiums...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

...past, associates have climbed the pay-scale in lock-step with their recruiting class at set intervals. Associates are guaranteed job advancement and firms faced steadily escalating costs in the absence of a system that incentivizes high performance. According to Wilkins, a competency-based system would force associates to meet bench-marks before gaining a promotion...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Tough Times For Harvard Lawyers | 9/30/2009 | See Source »

...though some 90 insurance companies administer the policies, it is the government providing the insurance itself. "There is nobody in the Green River area that should not be able to get flood insurance," says Jeff Woodward, the region's insurance-program specialist for FEMA. How much people have to pay for flood insurance - premiums vary from about $250 to $1,900 a year, Woodward says - depends on where they live in the floodplain and what risk level that area has, as determined by a complicated federal flood...

Author: /time Magazine | Title: Washington's Green River Prepares for a Flood | 9/30/2009 | See Source »

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