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...Since dropping the Satyam account after the fraud came to light, PwC has been going all out to repair its reputation. Before his recent retirement, Samuel DiPiazza Jr., PwC International's former CEO, made frequent trips to India to meet clients and government ministers. Indian politicians have said that the government will take action against PwC if it is found liable, which could mean penalties or even ejection from India...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

...Consumer spending and debt have been on the decline of late, that's true. But the most recent numbers show signs of a return to our old ways. In October, consumer spending rose 0.7% over the previous month, according to the Commerce Department, which is particularly interesting since personal income only edged up 0.2%. It seems it's going to take more than economic calamity for us to realize that perhaps we should be more prudent with our money...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

...only one singing this song. Anti-consumerism groups like Adbusters and the Church of Stop Shopping have been buoyed by the recent hiccup in the Age of Excess and are protesting against shopping centers with renewed zeal. The Center for the New American Dream, which promotes responsible consumption, is out in full force this holiday season, explaining how to give gifts that don't include buying things at the store (for example: coupons for free babysitting...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

...most recent study, published in November, researchers at Nationwide Children's Hospital in Columbus, Ohio, reported they had successfully gotten monkeys to grow bigger, stronger muscles within weeks - no anabolic steroids, exercise or genetic engineering required. Scientists injected genes directly into the right quadriceps of six healthy monkeys, and eight weeks later, the changes were plainly visible. The muscles in each monkey's right leg were larger and measurably more forceful than those in the left leg, and the effects remained for 15 months...

Author: /time Magazine | Title: Is Gene Therapy Finally Ready for Prime Time? | 11/27/2009 | See Source »

...rehydrated with orange juice and chopped with local walnuts to make a tasty relish. We also plan ahead. This morning a co-chef arrived from Germany with a suitcase stuffed with slabs of bacon and cheese; another friend brought chorizo from a European vacation; and on a recent trip back from the states I was charged overweight baggage for pecans and bottles of real vanilla extract. (Watch a slideshow of the war in Afghanistan up close...

Author: /time Magazine | Title: When Thanksgiving Comes to Afghanistan | 11/26/2009 | See Source »

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