The investigation also found that during the financial restatement period, this environment of weak financial controls and under-supported accounting functions allowed accounting errors to occur, some of which arose from certain instances of intentional misconduct to improve the financial results of specific business segments.

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Taking those effects into account, CBO estimates that under the extended-baseline scenario, real (inflation-adjusted) gross national product (GNP) would be reduced slightly by 2025 and by as much as 2 percent by 2035, compared with what it would be under the stable economic environment that underlies most of the projections in this report.

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Lehman Brothers (nyse: LEHMQ - news - people ) went under, and the thinking behind it continues to be a cornerstone of this magazine, despite the economic environment: Luxury is about connoisseurship, not price--about knowing the story behind and the value within a product.

FORBES: Substance & Style

But one thing is clear, in this risk wary environment, investors are not willing to pile into emerging markets until inflation is under control.

FORBES: China Resource Demand Continues, Despite "Slowdown"

This quarter may mark an important turning point for the company that has struggled under a near zero interest rate environment for more than a year.

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