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Surging French private enterprise in the middle of the world's worst economic crisis in 50 years? Something's up, right? Indeed there is. The motor driving France's bustling start-up action is an innovation known as the auto-entrepreneur - a government scheme introduced in January to facilitate the formidable process of founding a small business in France. The scheme cuts through the jungle of administrative red tape usually required to launch a company and dramatically lightens the heavy taxes and social charges other companies pay. While regular outfits face set charges whether business is booming or bust, auto...

Author: /time Magazine | Title: In France, a Government-Led Revolution in Entrepreneurship | 7/24/2009 | See Source »

...suit - Medela; Maclaren; BabyBjörn; Regal Lager, the agent supplying BabyBjörn's products to the U.S. market; Peg Perego, the Italy-based maker of strollers, car seats and high chairs; and Britax, which sells car seats and strollers - come across as weak accomplices in the scheme, which Brody distinctly labels a "conspiracy." For example, Brody writes that effective Feb. 1, 2000, "pursuant to the conspiracy, Regal Lager and BabyBjörn vigorously enforced resale-price maintenance against Internet retailers, gave BRU preferential treatment and stopped opening Internet accounts. During this period, BRU accounted for most of Regal...

Author: /time Magazine | Title: Did Babies "R" Us Gouge Mommy and Daddy? | 7/21/2009 | See Source »

...need an entirely corrupt institution to pull one of these schemes off. You only need a few corrupt managers whose compensation may be tied to the performance of these assets in order to effectively pull off a collusion or a kickback scheme." - Upon the announcement that his office had initiated 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes relating to TARP-funded companies. (Los Angeles Times, April...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

...York City Madoff Loses His Shirt ... and Cuff Links On June 29, a judge sentenced swindler Bernie Madoff to 150 years in prison for perpetrating a $65 billion Ponzi scheme. Meanwhile, federal marshals prepared to seize assets from the disgraced financier and his wife to reimburse victims. While Ruth Madoff will get to keep $2.5 million in cash, the couple handed over everything from a $39,000 Steinway piano to a $25 pair of cuff links...

Author: /time Magazine | Title: The World | 7/13/2009 | See Source »

...been disturbed at the historic Burr Oak Cemetery in Alsip, Ill. - the final resting place of civil rights icon Emmett Till and singer Dinah Washington - was grotesque. But by week's end, the macabre tally had grown: nearly 300 graves, possibly more, were destroyed in an apparent grave-resale scheme that took in an as-yet-unknown amount of money. Now questions remain as to how this scandal happened and what must be done to prevent a recurrence...

Author: /time Magazine | Title: Outside Chicago, a Grim Tale of Unearthed Graves | 7/11/2009 | See Source »

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