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...sense of urgency may finally be hitting home. "Greeks have realized, in the last 40 days, that this is no joke," says Eftichios Vassilakis, vice chairman of Aegean Airlines, Greece's largest air carrier. "We are at a critical moment. Some like to say that Greeks respond best when we're at the edge of the cliff. Well, we're definitely at the edge of the cliff." Some Greek business leaders hope that the medicine, though bitter, will produce a healthier economy. "The crisis was inevitable," says Ioannis Kamatakis, CEO of MLS Multimedia, a technology company that produces GPS systems...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...they do. "We have to strengthen quality control," said Shinichi Sasaki, executive vice president for quality. It's a startling admission from a company that made reliability its quest. Toyota will fix its car problem soon. Restoring its reputation is going to take a lot longer...

Author: /time Magazine | Title: Spotlight: Toyota's Recall | 2/15/2010 | See Source »

...complex system of shell accounts. The report also described how Omar Bongo, who ruled Gabon for nearly 42 years until his death last June, transferred $18 million into a U.S. account with the help of an American lobbyist. Similarly, the ex-wife of former Nigerian Vice President Atiku Abubakar is alleged to have helped shift $40 million into U.S. banks via offshore corporate accounts. These and other cases in the report suggest that U.S. efforts to cut off the flow of tainted funds still have a long way to go. "It's a long-standing goal of ours...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

...Delta. His family is from the southern Ijaw tribe - the first time the rebels have been able to talk to one of their own in the presidency. And he knows his homeland. In 2007, Edwin Clark, a longtime mentor and powerful backer to Jonathan, took the then newly elected vice president to the wild and dangerous creeks of the Niger Delta. "He met some of the militant leaders," says Clark. "He is aware of their demands, their aspirations and he is aware of everything, the neglect of our people...

Author: /time Magazine | Title: Is Goodluck Jonathan the Answer to Nigeria's Woes? | 2/13/2010 | See Source »

...studied zoology, and later taught it at a university in the oil hub of Port Harcourt. He also once worked as an environmental protection officer in the region. "He will perform," says Clark, a political powerbroker in the south and then man who persuaded Jonathan to stand for vice president. (See if a military coup would help Nigeria...

Author: /time Magazine | Title: Is Goodluck Jonathan the Answer to Nigeria's Woes? | 2/13/2010 | See Source »

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