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More important, at least when it comes to the bailed-out businesses, the notion that there's a correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

That the CIA might turn a blind eye to the unsavory extracurricular activities of a local asset isn't exactly new. It's emblematic of the often shady compromises that are conducted on a daily basis around the globe in the name of increased American security. (If you think the...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

To be sure, as one of the most powerful men in Kandahar, Wali Karzai would be a valuable asset in a region that has plagued U.S. and international forces for the past eight years. Kandahar is the spiritual birthplace of the Taliban and is still a hotbed of militant activity...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

Hamid Karzai, of course, routinely dismisses the accusations against his brother, calling them Western plots to take down his presidency. He told TIME in a 2008 interview that "for the past five years, allegations have been there, but never have they come to me with proof. My brother can easily...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

For the past eight years, the brother of Afghan President Hamid Karzai has reportedly been on the CIA payroll. The brother has also long been accused of being one of Afghanistan's biggest narcotics dealers (he has vehemently denied both claims). According to the New York Times, the brother, Ahmed...

Author: /time Magazine | Title: Why the CIA Can't Be Picky About Afghan Partners | 10/28/2009 | See Source »

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