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...slump may also prompt fraudsters to rationalize their behavior. According to a survey published in February by British insurer RSA, 3% of adult Britons said hard economic times made committing insurance fraud more acceptable. We're seeing that already: the number of fraudulent claims rose 17% in the U.K. last year, with commercial claims accounting for a third of their value. (See pictures of the financial crisis in London...

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

...preserve their interest, their cash, their asset position," says Patel. "And because of looking at their businesses, they're starting to find more fraud." So, too, are company liquidators. With insolvencies among U.K. companies rising amid the downturn, disqualification proceedings against the firms' directors for fraud or theft rose 72% in the year to April, according to figures compiled by London law firm Wedlake Bell...

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

...Bianchi notes that melatonin, valerian root and rose hips are all on the FDA's list "Generally Regarded As Safe," or GRAS, right alongside sugar and salt. "Anything to excess is going to be bad for you," Bianchi says. "I can sleep at night with confidence that our consumers can enjoy and be fine with the product." The CEO says no one has complained of Drank side effects. For DiPersio, however, GRAS isn't good enough. "Just because something is on the GRAS list doesn't mean the product is definitely safe," he says. "You don't know the source...

Author: /time Magazine | Title: The Anti–Red Bull: A Drink to Calm You Down | 5/18/2009 | See Source »

...Nazis' motive in killing Jews was to "tear up the taproot of the Christian faith." And although he claimed to speak as a "son of the German people," Benedict seemed to downplay any ordinary-German implication in the Holocaust. Instead, he placed blame on a "ring of criminals [who] rose to power by false promises ... through terror ... with the result that our people was used and abused as an instrument of their thirst for destruction and power...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever 21 and H&M to succeed against Uniqlo they will...

Author: /time Magazine | Title: In Japan, Fast Fashion Rules in Slow Times | 5/18/2009 | See Source »

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