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...high-crime hell of the 1980s and early '90s was a period of chaos in the illegal drug trade. Powder cocaine was generally measured and sold in multiple-dose amounts behind locked doors, but crack was relatively cheap and highly portable. Upstart young dealers saw an opening and shouldered their way into a business long dominated by established kingpins. Trading valuable drugs for ready cash in plain sight was a recipe for robbery and intimidation. Dealers armed themselves for protection, and soon every teenage squabble in crack territory carried a risk that bullets would...

Author: /time Magazine | Title: What's Behind America's Falling Crime Rate | 2/22/2010 | See Source »

This time, Yale’s crack team of video-gurus, whoever they might be, have produced a crisp video urging the college’s seniors to donate to the senior gift fund...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Yale: Masters of the Over-the-Top Video | 2/20/2010 | See Source »

...sirens seduce Odysseus not through their beautiful tunes, but through the promise of wisdom. “As their songs crescendoed I had the sudden conviction that... behind everything... was a subtle pattern, an order of the most compelling lucidity, but hidden from me, a code I could never crack,” the wily-eyed hero recalls. As Odysseus searches for a definite solution, so too does the reader constantly comb the pages for a nugget of fact...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Mason Reinvents Homer’s ‘Odyssey’ in ‘The Lost Books’ | 2/17/2010 | See Source »

...wake of the 9/11 attacks, the West moved quickly to crack down on the money laundering and secret banking systems that fund much of the terrorism in the world. But as evidence in both the U.S. and Europe suggests, illicit finances continue to circulate around the globe - and quite often the money has nothing to do with violence, but plain greed. Indeed, a new report released by the U.S. Senate this month cites cases of huge volumes of suspect cash being moved from Africa to the U.S. for no other reason than to fatten the bank accounts of crooked leaders...

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

...Proof that much work remains to combat both was provided on Feb. 4 when the U.S. Senate's subcommittee on investigations released its inquiry into money transfers from top African officials to the U.S. via loopholes in a section of the Patriot Act designed to crack down on illegal terrorism financing. The 330-page report scrutinized moves by top political, economic and business leaders from the notoriously corrupt nations of Angola, Equatorial Guinea, Gabon and Nigeria to determine if they either violated or sought to side-step laws prohibiting money laundering. The report not only found evidence that several powerful...

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

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