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Zennstrom and Friis, through Swedish-based Joltid, claim the agreement that permitted eBay to use the peer-to-peer technology that powers Skype was terminated in March 2009. They have filed suits in Britain and the U.S. seeking damages of more than $75 million...

Author: /time Magazine | Title: The Skype Founders' Revenge Against eBay | 10/1/2009 | See Source »

Could the U.S. block sales of refined gasoline to Iran as a way of ratcheting up pressure on Mahmoud Ahmadinejad and the Iranian regime? That's a prospect U.S. politicians have talked up for months. But as the U.S., Britain, France, Germany, Russia and China prepare for crucial talks with Iran in Geneva on Oct. 1, there's a growing realization that the strategy might not work. "The hype around blocking gas is hugely overdone," says Richard Dalton, who was British ambassador to Iran until 2006 and is now an associate fellow at the London think tank Chatham House. "People...

Author: /time Magazine | Title: How Badly Would Sanctions on Gas Imports Hurt Iran? | 9/30/2009 | See Source »

...doing business with Iran has become too high. In the past few months, Washington has leaned on insurance companies that underwrite Iran's shipments abroad and as many as 80 banks that handle financial transactions for the country. In January, the U.S. slapped a $350 million fine on Britain's Lloyds TSB Bank for funneling money from Iran and Sudan into U.S. institutions. "The U.S. Treasury Department has been encouraging major firms to be cautious in their dealings with Iran," says Fitzpatrick. "They are informally advising them not to be investing in the Iranian oil and gas sector...

Author: /time Magazine | Title: How Badly Would Sanctions on Gas Imports Hurt Iran? | 9/30/2009 | See Source »

...first U.S. extradition agreement appeared as a clause within the 1794 Jay Treaty with Britain, and applied only to murder and forgery. Formal extradition didn't become commonplace in Western countries until the mid-19th century when increased travel made it easier for criminals to escape. Today, the U.S. has extradition treaties with 108 countries. Colombia extradites an average of four suspects to the U.S. each week - the most of any country - usually on charges related to drug trafficking...

Author: /time Magazine | Title: Extraditions | 9/30/2009 | See Source »

...Benjamin Netanyahu, who want to "cripple" Iran. But they wouldn't be out of the ordinary; the U.S. has punished countries for everything from harboring terrorists to mistreating animals. "Sanctions may not do much to the so-called enemy, but they do feel warm to those imposing them," wrote Britain's Independent in 2007. Still, if shaming Iran and expressing outrage is the primary purpose of the exercise, the U.S. could always make Ahmadinejad wear a dunce...

Author: /time Magazine | Title: Sanctions | 9/29/2009 | See Source »

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