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...particular drug company has been a significant player in Botswana: Merck. The U.S. firm created some of the first ARVs capable of treating HIV and AIDS (Crixivan and Stocrin), but has in the past been criticized for its methods of distributing them. In 2004, MSF singled out Merck for reneging on commitments to release the medicines at a cost of less than $1 per person per day. Merck was hurt by such accusations. (According to the firm's website, its founder, George W. Merck, once said: "We try never to forget that medicine is for the people...

Author: /time Magazine | Title: The Halo Effect | 9/20/2007 | See Source »

...from getting out of hand. The Fed has failed miserably at each of these tasks once--depression prevention in the early 1930s and inflation prevention in the 1970s. Under Greenspan, it took care of both pretty well. Brad DeLong of the University of California, Berkeley, an economist with no particular loyalty to the former maestro, estimates that of 36 significant interest-rate decisions during Greenspan's 18-year tenure, the chairman got 35 right. (The exception? DeLong thinks the Fed should have cut rates in late...

Author: /time Magazine | Title: It's Not His Economy | 9/20/2007 | See Source »

...common a commitment to make Goldman a player in India's boom. All but two employees are of Indian descent, but they're as likely to have come from New York City, London or Tokyo as Bangalore. Their boss can rely on "a team that knows Goldman's particular systems and culture inside and out," Moniz says. "They only have to get up to speed on the local market...

Author: /time Magazine | Title: Banking on India | 9/20/2007 | See Source »

...inconceivable that observers of the UC would pay attention to new media,” he doubted that the new blog would get much traffic. “I can’t imagine a whole lot of people going out of their way to see what particular UC members are saying about ongoing UC issues,” he said. Fixing the old Web site, which had changed little since its inception in 2003, has been a priority since at least 2005, when former UC President Matthew J. Glazer ’06 informed the council that...

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: UC To Refresh Web Site Design | 9/19/2007 | See Source »

...analysis, I think." In the meantime, the State Department has just announced the formation of a new, joint U.S.-Iraqi commission that will handle details of the Blackwater episode, an apparent attempt to defuse the growing controversy. Further details are expected to come from the State Department soon - in particular whether the commission will also deal with the more general problem of thousands of other private security personnel from a variety of companies who guard diplomats and perform other sensitive functions in the country...

Author: /time Magazine | Title: Bush and Maliki to Talk Blackwater | 9/19/2007 | See Source »

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