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...think there are two other factors I would include. One is a long-term view. [With] eBay, the potential for cheating was just enormous. What they did with their feedback system - where today buyers can rate sellers on how they behave - is that suddenly they brought sellers' behavior out into the open. So if you want to do business with a seller you can look at their feedback scores and decide, do I trust this person or not. So all of a sudden, it changed the dynamic: it eliminated the possibility of short-term cheating. If you cheated one person...

Author: /time Magazine | Title: How Trust Creates Wealth | 3/10/2010 | See Source »

...pedals to faulty brakes. Committee members asserted that Toyota has failed to sufficiently address the possibility that the computers in its cars could be causing problems. Toyota executive Jim Lentz insisted on Feb. 23 that the company has identified the defects responsible for some 2,600 instances of sudden, unintended acceleration--resulting in 34 deaths--since 2000. But he also conceded that he was "not totally" certain. To safeguard against further occurrences, Lentz said Toyota would install brake-override systems in its new vehicles and retrofit many older models...

Author: /time Magazine | Title: Spotlight: Toyota Hearings | 3/8/2010 | See Source »

...damaging July 2009 memo emerged in which Toyota execs boasted of $100 million in savings garnered through a limited 2007 recall. The company also announced that it had been subpoenaed by both the Securities and Exchange Commission and a federal grand jury in New York because of the sudden-acceleration issues. Toyoda vowed to "work vigorously and unceasingly to restore the trust of our customers." But he has a long ride ahead...

Author: /time Magazine | Title: Spotlight: Toyota Hearings | 3/8/2010 | See Source »

...breakwater, the ship began to rumble and shake - now she's screaming even louder because nobody knows what's happening," Kaprow said. "I begin to hear young sailors' voices from the fantail, and they're singing, 'Ding-Dong! The Witch Is Dead.' " Kaprow remembered being perplexed by the sudden song. "Then someone came up to me and said, 'We've ran aground. She's finished' " - assuming the accident would mean the end of their commander's career. "They were jumping for joy and singing on the fantail," he said. Actually, one of the ship's props had broken...

Author: /time Magazine | Title: Complaints About Female 'Captain Bligh' Began Early | 3/6/2010 | See Source »

...sudden - with the emphasis on sudden - it looks like it's not a lost cause. It looks like I was not traveling on the wrong steamship in the wrong direction. So in a way, after 30-something years, it's more than gratifying, it's more than just an accolade. It's really like a new start...

Author: /time Magazine | Title: Oscar Week: Best Supporting Actor Nominee Christoph Waltz | 3/5/2010 | See Source »

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