ISSUE DATE: January 28, 2002
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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
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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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  SPECIAL REPORTS
Best Global Brands
These 100 brands are among the world's most recognized—and most valuable

Best Places to Launch a Career
We canvassed career-services directors, employers, and students to rank the best companies for recent graduates

BusinessWeek 50
Our picks of the top-performing companies from the S&P 500. Plus, regional rankings for Asia and Europe:
Asia's BusinessWeek 50
Europe's BusinessWeek 50

Customer Service Champs
Companies that excel at pleasing customers, based on J.D. Power & Associates customer satisfaction data and our own reader survey

Hot Growth 100
From young, upstart companies to those that have been around for centuries: Plus, regional rankings of top-performing small businesses in Asia and Europe:
Asia's Hot Growth 100
Europe's Hot Growth 100

Info Tech 100
Emerging-market cellular players, wireless phone and gear makers, and Web giants are this year's stars

World's Most Innovative Companies
Nurturing, creative cultures allow these companies to wow customers with innovative products and services

More Special Reports

  MARKET INFO
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