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In a report released Jan. 13, ratings agency Moody's said that Greece, along with Portugal, was likely to suffer a "slow death" as it uses more and more of its income to pay off debt. With the cost of that debt heading north, Greek banks could face further problems...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

How? The report says that Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea's president, relied on American lawyers, bankers and real estate agents to bring a total of $110 million in suspected dirty money into the U.S. via a complex system of shell accounts. The report also described...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

"We've got significant holes in our protection," Democratic Senator Carl Levin, the chairman of the Senate Homeland Security panel, said in discussing the findings. "A key point here is that even though our banks have become more vigilant and they've created barriers against dirty money, foreign officials still...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

As soon as I arrived at my room, Leverett F-Tower number 97, I knew that there was something different in the air. Harvard is a beautiful place in the summer time—right on the banks of the Charles River. One of the greatest things about Harvard, which...

Author: By CAIO R. P. MALUFE | Title: Leverett F-Tower Room Ninety-Seven | 2/12/2010 | See Source »

Swiss voters will go to the polls March 7 to decide whether each of the country's 26 cantons (similar to states) should be obligated to appoint a special attorney to represent pets and farm animals in court in cases of alleged abuse. The initiative is just one of many...

Author: /time Magazine | Title: Lawyers for Animals? Up for a Vote in Switzerland | 2/12/2010 | See Source »

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