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Friday, November 2, 2007




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BW Magazine
This Week's Cover
COVER STORY
Prisoners of Debt
How Big Business squeezes profits out of canceled bankruptcy debts

November 12, 2007
Table of Contents



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BW MAGAZINE

COVER STORY
Prisoners of Debt
The fresh start promised by bankruptcy is under attack as big lenders keep sqeezing money out of consumers whose debts were canceled by the courts
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GOLF AND THE BUSINESS LIFE
Power Links
Maybe it's the shared pressure of being at the top, but high-level executives and leading golf pros are forging friendships on the course
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THE BUSINESS WEEK -- BUSINESS OUTLOOK
On Guard Against Recession
All signs suggest meager growth—if that—in the fourth quarter, with little improvement in early 2008. So the Fed is taking preemptive action
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DAILY BRIEFING

TOP NEWS
Citi May Have a New Mess on Its Hands
Now, the bank could take a billion-dollar hit from bad debt tied to the CDO commercial paper market
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INFO TECH
What's In a Name? Fatter Profits
Largely unknown Taiwan contract manufacturers are trying to reposition themselves as consumer brands
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STOCKS IN THE NEWS
MasterCard's Priceless Quarter
The shares surged 20% Wednesday on another stellar profit report. How long can the credit-card network's stock defy gravity?
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INVESTING

MARKET SNAPSHOT
Stocks Slump on Citigroup, Exxon News
Weak earnings reports and ongoing worries about how housing and credit woes may hurt economic growth pushed equity indexes lower
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INDUSTRY IN FOCUS · From S&P
Stronger Signals for Networking Stocks
Growing demand from enterprise customers is helping to offset sluggish sales to telecom carriers
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ECONOMIC FOCUS - FROM ACTION ECONOMICS
Is an 'Insurance' Rate Cut Necessary?
The latest quarterly GDP report is expected to confirm solid growth. Still, the Fed will discuss a rate cut to avoid a potential recession
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GLOBAL BUSINESS

GLOBAL
Why Is Nissan Mimicking MySpace?
The Japanese carmaker is rolling out a social networking site, called N-Square, designed to bypass bureaucracy by boosting informal contacts
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EUROPE
Alcatel-Lucent: The Troubles Continue
The embattled telecom equipment company announces deep job cuts, affecting even management, to restore profitability. But pitfalls still abound
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TECHNOLOGY

TELECOMMUNICATIONS
The iPhone Legacy: Pricier Smartphones?
Apple's cell phone has shaken up the wireless industry, which is racing to catch up—with new features and higher price tags
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NEWS ANALYSIS
Google Girds for Facebook Fight
The No. 1 search engine is banding together with other sites and software developers to build its own social networking ecosystem
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TECHNOLOGY
Wireless Grids Wants to Hook You Up
The startup may have invented the holy grail of connectivity: a program that lets users link all of their content and devices—and share them with friends
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SMALL BUSINESS

ROAD WARRIORS
Wheels of Fortune
Five entrepreneurs find freedom and profits on the open road
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LEADERSHIP
Can Entrepreneurship Be Taught?
To find out, businessman and academic Richard Goossen rounded up a group of experts
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B-SCHOOLS

FINDING A JOB
Storm Clouds on the Job Hunt Horizon
While most recruiters are still seeking MBAs despite a shaky economy, many B-school students are hedging their bets and accepting early offers
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MANAGING

CAREER HOW-TO
How to Field the Headhunter's Call
It's smart to give the recruiter a few minutes of your time, even if you're not actively job hunting. You never know when you might be
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