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...three years in a row, Transparency International (TI), a Berlin-based watchdog, has ranked Bangladesh as the country perceived to be the world's most venal. Corruption in Bangladesh operates with the sweep, intricacy and structured hierarchy of a medieval feudal system, replete with an English-language nomenclature in which "tolls," "fees," and "payments" extorted from the poorest Bangladeshis are funneled up daily through an elaborate web of "collectors," "higher collectors" and intermediate barons into the ultimate hands of criminal "godfathers." Corruption starts on the streets. Every evening a "lineman" visits Dhaka's hawkers, making his way down a sidewalk...
...song opened with the words, “I like big brains and I cannot lie / Y’all Harvardians can’t deny / When a girl walks in with a TI-89 / You don’t care about her behind, / You get Crimson...
...India's GDP would be double the official $481 billion if the country's vast black economy were also taken into account. And while the nation fares slightly better than adjacent Pakistan and Bangladesh in terms of corruption, this is hardly an upstanding neighborhood. Each year, Transparency International (TI), an anticorruption watchdog, evaluates the world's countries according to how graft-free their societies are. This year India ranked 83rd, Pakistan 102nd, and Bangladesh, at 133rd, was dead last. With the world's second largest population and Asia's third largest economy, the size of Indian officialdom's graft...
...Today TI is turning its efforts to consumer applications like wireless transactions, helping American Express launch ExpressPay, an alternative to cash for purchases where speed and convenience are important, such as at fast-food restaurants, gas stations and dry cleaners. In July Amex set up a real-world RFID test in Phoenix, Ariz., allowing card users and employees to charge at 200 merchants with an RFID-ready fob attached to a key chain. Amex vice president David Bonalle says RFID pilots have cut transaction time 30% to 50% and average sales have gone...
...dollies, allowing the company to track the trays and reducing employee hands-on time 80%. While setup costs for a large company can run from $100 million to $200 million, the efficiencies can amount to 1% of revenues (that's theoretically around $100 million at M&S), says TI's Slinger, which supplied Marks & Spencer. "Companies are talking about payback for the investment in one to two years, even months," he notes...