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...brainchild of Philippe Douste-Blazy, a former French Foreign Ninister who is now a U.N. Under Secretary charged with finding innovative ways to finance projects. He runs an agency called UNITAID that is attached to the World Health Organization and already channels funds to fight disease in poor countries. UNITAID was founded in 2006. Its $400 million annual budget is funded by Britain, France, Norway, Brazil and Chile. Douste-Blazy is now trying to turbo-charge those efforts by bringing in private donations. He's set up a foundation linked to UNITAID that will collect the voluntary airline-ticket levy...

Author: /time Magazine | Title: New Airline-Ticket Tax to Aid the Developing World | 9/18/2009 | See Source »

...plan works, it'll help the U.N. out of a dilemma of its own making. Back in 2000, the U.N. agreed on a set of lofty targets known as the Millennium Development Goals that aimed to lift African nations and other poor countries out of their cycles of poverty, illiteracy and disease by 2015. But of the $150 billion development assistance pledged by governments, just $104 billion has been provided. Douste-Blazy believes that only individual philanthropy will be able to make up the shortfall. "The architecture of development is changing," Douste-Blazy tells TIME. (Read "U.N. War Crimes Allegation...

Author: /time Magazine | Title: New Airline-Ticket Tax to Aid the Developing World | 9/18/2009 | See Source »

...much lower than for general securities fraud. In proxy fraud, the prosecution just has to prove that Lewis was negligent in not including certain information. The SEC does not have to prove, as is the case in regular securities fraud, that Lewis orchestrated a scheme to defraud investors. Poor judgment could be enough to get you in hot water in proxy fraud...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

...what he calls an “immature, spontaneous, extremely poor and wrong decision” in his memoir, Kennedy arranged to have Frate take the test for him. They were caught, and the two young men were expelled from Harvard and told they could reapply in a year or two, “if they behaved themselves,” political reporter Adam Clymer ’58 writes in his 1999 biography of Kennedy...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: FOOTBALL '09: Kennedy: Fighter From the Start | 9/18/2009 | See Source »

...slasher film for people who don’t like scary movies or, perhaps, for prepubescent boys; there’s more nudity and outrageous partying than violence and suspense. Like most horror movies, “Sorority Row” centers on a series of almost implausibly poor decisions. But in addition to exercising bad judgment after danger presents itself, the sisters of Theta Pi are entirely responsible for their own misfortune. They decide to play a ridiculous prank on an ex-boyfriend that seems almost doomed to end badly. The particulars are inconsequential, but suffice...

Author: By Brianne Corcoran, CRIMSON STAFF WRITER | Title: Sorority Row | 9/18/2009 | See Source »

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