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...criminals need to launder their illicit earnings, and our lax incorporation requirements make the U.S. a highly attractive domicile. Only two states, Alabama and Alaska, bother to ask the names of the real owners. After incorporation, these anonymous companies can open U.S. bank or brokerage accounts, or obtain credit cards, all of which lend some U.S. legitimacy - the better to evade scrutiny or entrap more victims. In fact, the U.S. just might be the world's biggest washing machine for dirty money. (See the worst business deals...

Author: /time Magazine | Title: Why U.S. Law Helps Shield Global Criminality | 2/2/2010 | See Source »

True depressive, eating, and anxiety disorders are to be treated neither lightly nor as a means to an end of greatness. Depression can kill. Anorexia does kill. To its credit, Harvard seems to be aware of these dangers. There are many student and professional mental health groups here on campus waiting eagerly to help us if and when we need them...

Author: By Maya E. Shwayder | Title: Mental Floss | 2/2/2010 | See Source »

...blast where they are and what they're buying. But Blippy takes things to a new level, since information goes straight from point of purchase to website. You don't have to push a single button; just agree to let Blippy broadcast the details that end up on your credit-card statement. Marketers are constantly mining all sorts of consumer data, and Blippy - which has received seed money from big-name investors like Sequoia Capital and Twitter CEO Evan Williams - wants to help individuals start harnessing this kind of information...

Author: /time Magazine | Title: Public Spending | 2/1/2010 | See Source »

...President also called for a bill that “will finally end the unwarranted taxpayer subsidies that go to banks for student loans,” proposing instead a $10,000 tax credit for families paying for college and increased funding for Pell Grants to assist low-income students...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Students Approve of Obama's Loan Plan | 2/1/2010 | See Source »

...forget that they are also citizens, the trust between the privately powerful and the rest of the public is breached. When houses are foreclosed after irresponsible decisions, when community banks collapse, when hedge funds don’t recognize what they’ve bought and sold, and when credit freezes, the social structure upon which American capitalism relies begins to fail...

Author: By Raúl A. Carrillo | Title: The Year of the Bull Moose | 2/1/2010 | See Source »

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