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...accounting firms? Sarbanes-Oxley, the 2002 antifraud law, gave them a windfall by putting them in the business of reviewing financial-reporting policies. With the Big Four now making record profits, their story reads more like the rich get richer than true-crime drama...

Author: /time Magazine | Title: Law: Accounting for Crime | 3/8/2007 | See Source »

...realities: all countries must join; the world's power plants, automobile fleets and buildings will have to shift to low-carbon technologies; a world "price" must be charged for emitting carbon into the atmosphere to provide a market incentive for companies and governments to make the changeover. And rich countries must help poor countries get on the low-carbon track by, for example, compensating them for ending the deforestation that leads to carbon emissions as well as a loss of biodiversity...

Author: /time Magazine | Title: A Climate for Change | 3/8/2007 | See Source »

...beginning. There's steel production (up 25%), makeup sales (up 19%) and the number of "large domestic animals" that suffered from a shortage of drinking water last year (29.36 million). From rice harvests to sports medals, China's new census quantifies all the ways a poor country is getting rich. The U.S. leads the economic race, but China is sprinting to catch up. [This article consists of a complex diagram. Please see hardcopy of magazine.] CHINA...

Author: /time Magazine | Title: China Counts...And Counts | 3/8/2007 | See Source »

Calderón has smartly gained presidential footing by launching a military assault on Mexico's horrific crime problem, which includes drug traffickers who have been tossing rivals' decapitated heads into streets and nightclubs. But his biggest challenge is bridging the country's epic gap between rich and poor. Almost half of Mexico's population lives in poverty--a big reason that so many are flooding the border to work in the U.S. Keeping more Mexicans at home will almost certainly require Calderón to rein in, if not break up, the entrenched monopolies that suck vital investment from small...

Author: /time Magazine | Title: Bush's New Friend in Mexico | 3/8/2007 | See Source »

DIED. Ernest Gallo, 97, vintner tycoon; just weeks after the death of his younger brother, cheesemaker Joseph Gallo; in Modesto, Calif. He grew up on a vineyard owned by his father, an immigrant from the wine-rich region of Piedmont, Italy. After their parents died, Ernest and his brother Julio began E. & J. Gallo Winery in 1933 with $5,900 and a wine recipe from a public library. With Ernest directing the company's innovative marketing campaigns, the duo turned the distinctly American family business into one of the world's largest winemaking empires...

Author: /time Magazine | Title: Milestones Mar. 19, 2007 | 3/8/2007 | See Source »

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