COVER STORY Accounting in Crisis Enron is the latest in a string of accounting disasters that highlight the need for profound change that the industry itself is unlikely to address. Here's what needs to be done COVER IMAGE: Accounting in Crisis UP FRONT Talk Show Why Chainsaw Al Opened His Wallet Hewlett: Show Me Carly's Money Who Gets Disaster Aid? Who Doesn't? One Currency, Many Pink Slips? A Media Watchdog Gets to Bark Again At Last, Tax Breaks for Tummy Tucks READERS REPORT Gazing into the Stock Market Why Willamette Isn't Giving in CORRECTIONS & CLARIFICATIONS "Acacia is all set to blossom" (Inside Wall Street, Dec. 31, 2001) BOOKS How the Islamic World Lost Its Edge A Savory Story China: The Facts LETTER FROM WALES Who Said Self-Rule Would Be Easy? TECHNOLOGY & YOU Is There Life outside Microsoft Office? ECONOMIC VIEWPOINT Let's End Our Dangerous Dependence on the Saudis ECONOMIC TRENDS Hourly Wages Are Up. So What? No Confidence in These Indexes From America: Boom--and Bust BUSINESS OUTLOOK U.S.: Don't Be Fooled by the Bounceback from September 11 Russia: If Reforms Continue, So Will Growth IN BUSINESS THIS WEEK Robert Willumstad: The Citi after Sandy? MGM: On the Block or on the Prowl? An Intel Insider Moves Up Taking Aim at Tyco--Again A WTO Blow for Uncle Sam Deflating Those Pro Forma Figures Et Cetera... Falling Dow WASHINGTON OUTLOOK Why High Tech Has Fallen Off Washington's A-List Stimulus Hits a Snag A Perfect 10 More Bucks for the FDA INTERNATIONAL BUSINESS China's Banks under a Cloud Making Over YSL Is No Stroll Down the Catwalk Freddy Heineken's Recipe May Be Scrapped INTERNATIONAL OUTLOOK Pakistan: So Far, Musharraf Is Playing a Clever Hand French Magistrates Protest Japanese Donor Fatigue? SPECIAL REPORT The Best Mutual Funds When the Manager Takes a Hike SPORTS BUSINESS The Egghead in the Eagles' Owner's Box RESUME: Jeffrey Lurie SOCIAL ISSUES Commentary: The New Power Play in Health Care FINANCE Insurance: A New Way to Squeeze the Weak? Andrx: Is Wall Street Blinded by Love? INDUSTRIES Attack of the Killer Crossover Cars MANAGEMENT Q&A: A Talk with Jeff Immelt THE CORPORATION Kmart: The Flood Waters Are Rising DEVELOPMENTS TO WATCH Another Step Closer to an AIDS Vaccine A Way to Guide Tiny Satellites into Port This Spermicide May Zap Viruses, Too Innovations ECONOMICS Commentary: Deregulation: Innovation vs. Stability BUSINESSWEEK INVESTOR -- YOUR TAXES BusinessWeek Investor -- Your Taxes Are your ready for the new tax-law changes? This year you can take more deductions for retirement savings, adoptions, and college. Plus: Insurance tax breaks for execs; Less pain in capital gains; and much more INSIDE WALL STREET Any Sweet Offers? Solectron May Be Set to Hum Again NMT: Patching Up Holes in the Heart FIGURES OF THE WEEK Figures of the Week (.pdf) EDITORIALS How to Prevent Future Enrons... ...And Campaign-Finance Shenanigans INTERNATIONAL -- READERS REPORT A Level Playing Field Improves the Competition What Can We Learn from the Enron Debacle? Cutting the Cozy Ties That Lead to Trouble Excite@Home and AT&T's Common Problem: Armstrong Biotech Is More Like the Tortoise Than the Hare INTERNATIONAL -- ASIAN BUSINESS Taiwan: Lots of Pain, Not Much Gain Cleaning Up Singapore's Shipyards Commentary: Why Japan Shouldn't Throw This Giant a Lifeline INTERNATIONAL -- EUROPEAN BUSINESS High Noon for Schröder INTERNATIONAL -- FINANCE Why Seoul Can't Let Go of Its Banks Can Bayer Cure Its Own Headache? INTERNATIONAL -- INT'L FIGURES OF THE WEEK International Figures of the Week (.pdf) INTERNATIONAL -- EDITORIALS Something Is Rotten in China's Banks
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