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...gutted to make way for smooth concrete floors, diamond white walls and racks of clothing from Icelandic retailer, Nikita. Just a year ago, the same building was being readied for demolition. In its place were plans for an ultramodern shopping mall stretching several blocks across the capital's commercial district. Then came the crash...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

...flexing of the Administration's emergency economic powers sends a clear signal to Tehran that Obama won't tolerate what Preet Bharara, U.S. attorney for the Southern District of New York, described as effectively an American front for the Government of Iran. Washington alleges that the foundation launders money back into Bank Melli, the state bank of Iran, secretly supporting Iran's illegal activities in the process...

Author: /time Magazine | Title: Why Does the U.S. Want to Seize Mosques? | 11/13/2009 | See Source »

Just weeks after he was sworn in as U.S. Attorney for New York's Southern District, Preet Bharara is being put to the test. U.S. Attorney General Eric Holder's announcement that self-professed Sept. 11 mastermind Khalid Sheikh Mohammed and four alleged co-conspirators will be tried in a Manhattan federal court makes Bharara the man responsible for bringing an unabashed terrorist to justice. Bharara, who drew plaudits for his investigation into the firings of eight U.S. Attorneys under President George W. Bush, has burnished his reputation by prosecuting organized crime figures and white collar criminals. His newest assignment...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

...Sworn in as U.S. Attorney for the Southern District of New York in October after being confirmed by the U.S. Senate in August (he was nominated for the post by President Obama in May). Oversees about 200 lawyers in one of the nation's most high-profile prosecutor positions. Recently brought charges against billionaire Raj Rajaratnam and 19 others in an extensive and ongoing insider-trading probe...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

Quotes About: "I believe Preet Bharara will be one of the most outstanding U.S. Attorneys that the Southern District, or any other, has ever had. He is smart, hardworking, focused and unafraid to proceed wherever the facts of a case may lead." - Senator Chuck Schumer, in a statement after Barack Obama nominated Bharara to become U.S. Attorney for the Southern District of New York (Wall Street Journal...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

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