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...under the SEC radar to make his scam work. The funds were said to be used for new Haitian-American business ventures in the U.S., Haiti and Sierra Leone. He even used the gambit of a fake investment-club regulatory agency he called Smart Investment Management Services LLC to add a measure of security and to tout independent verification. (See the top 10 scandals...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

...inconclusive about what causes the clouds in the first place. "The new research is incredibly important because it refines our understanding of the clouds' components," says Achim Setiner, executive director of the U.N. Environment Program. "In each part of the world there are different atmospheric mixes that add to brown clouds' cocktail, so this research helps show where governments should direct their money and efforts...

Author: /time Magazine | Title: Study Gets Inside the World's "Brown Cloud" | 1/23/2009 | See Source »

...Add to the logistical glitches the wide-eyed excitement of doing everything for the first time, and what you get are lots of unscripted moments. On Wednesday, when President Obama entered a briefing room at the Old Executive office building, his staff and the press instinctively stood up. Obama was taken off guard. "I'm still getting used to that," he said, after telling everyone to have a seat. Later in the same event, Obama struggled with the practice of using a different pen for every document he signed. "They are very nice pens," the President advised his aides...

Author: /time Magazine | Title: The Obama Team's Debut: Not Quite Ready on Day One | 1/23/2009 | See Source »

...regardless of whether any legal action follows, the probes add to the pall of bitterness hanging over an operation whose ambiguous outcome has left many Israelis questioning just what was achieved by their war in Gaza...

Author: /time Magazine | Title: Could Israelis Face War Crimes Charges Over Gaza? | 1/23/2009 | See Source »

...core question is whether Bolivia's lithi-leverage will eventually drive up the price of those batteries, which can already add about $10,000 to the cost of a car. Experts say that as production of the lithium-ion packs increases, they're actually getting closer in price to cheaper but less effective nickel-based batteries. Still, a big factor will be whether the demand for them rises as much as anticipated. "It is difficult to predict just how many electric vehicles we will see in the market," says Jennifer Moore, a spokeswoman for Ford, which hopes to have...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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