Table of Contents:VOL. 156, NO. 5 - September 03, 2007

COVER STORY: MARKET SHOCK 2007
Risk returns - with a vengeance

By Shawn Tully, Fortune editor-at-large
For years big players ignored obvious dangers and reaped rich rewards.
Now they are paying for their recklessness, and so is everybody else.
・Where were the cops?

Buffett, Mack, Paulson ...
Some of the best minds in the financial world share their reactions to
the recent meltdown, as well as their insights on what lies ahead.

Subprime on the Rhine
Asset-backed securities were a great business for Germany’s IKB bank --
until everything blew up.

Housing markdown
By Jon Birger, Fortune senior writer
The subprime mortgage collapse is threatening the market for both lowend
and high-end housing.


FEATURES

China’s mobile maestro
China Mobile’s CEO has to please 332 million subscribers and thousands of
shareholders, as well as the Communist Party. It’s not easy. By Clay Chandler

Flight of the honeybees
The disappearance of millions of bees has touched off a scientific detective
mission to avert a pollination crisis. Can researchers get to the bottom of colony collapse disorder before it strikes again? By David Stipp


FIRST

The Bear truth
By Corey Hajim and Adam Lashinsky, Fortune
Entrepreneurial but plodding: That was the reputation of Bear Stearns.
But then it strayed into high-risk hedge funds. (more)

The online numbers game
By Jessi Hempel, Fortune writer
Measuring web traffic is far from an exact science, and that’s a big problem
for online advertisers, writes Fortune’s Jessi Hempel. (more)

Samsung moves up the ranks
Low-key Samsung is now the No. 2 seller of cellphones. By Stephanie
M. MehtaSumner’s superjuice
Sumner Redstone plans to live 50 years more, drinking MonaVie. By Tim Arango