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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.
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