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...Ashcroft--for greater consistency, he says. In a recent Maryland case, Ashcroft also directed prosecutors, against their advice, to go for the death penalty against two murder defendants. "There appears to be an aggressive attempt to nationalize the federal death penalty," says Kevin McNally, a death-penalty defense expert. All this comes at a time when the death penalty is under new scrutiny. Last week the 100th death-row inmate found to be wrongfully convicted since capital punishment was restored in 1977 was freed from an Arizona prison. And a blue-ribbon report due out this week in Illinois...

Author: /time Magazine | Title: Putting the Death Penalty to Work | 4/22/2002 | See Source »

Bush officials expect both Israeli and Palestinian positions to harden before they crack. That may explain why so many experts now believe the U.S. should come up with an ultimatum--a solution imposed from on high with new rules, sweeteners for every camp and unbearable penalties if they balk. It's an approach favored in one form or another by such old hands as Zbigniew Brzezinski, National Security Adviser in the Carter Administration, and Robert Malley, a former Clinton peace negotiator. Israeli Foreign Minister Shimon Peres thinks the U.S. should at least impose terms for a cease-fire, because...

Author: /time Magazine | Title: Better Late Than Never | 4/15/2002 | See Source »

There's nothing illegal in setting up an offshore account. There's also little point in doing it, unless you're like ExxonMobil and doing a ton of business overseas. "We routinely advise individuals against going offshore," says Peter Glicklich, an international-tax-law expert at Roberts & Holland in New York City. Moving offshore can actually shift some categories of income to your disadvantage: turning a capital gain into ordinary income, for instance, and getting taxed at a higher rate. If you fail to report an offshore account on your taxes, you face a penalty of 75% of the underpaid...

Author: /time Magazine | Title: The Perils of Tax Havens | 4/15/2002 | See Source »

...could be a tough slog for Kirch's new chief executives, Wolfgang van Betteray, an insolvency specialist, and Hans-Joachim Ziems, a Kirch adviser. "My experience is that they will never get all the creditors behind such a complicated insolvency plan," said Wolfgang Petereit, a bankruptcy expert in Mainz. "The commercial interests of the creditor groups are totally different." What's worse, the new law requires companies emerging from bankruptcy to keep all the employees on the payroll and honor existing employment contracts, which scares off many potential investors. Complicating matters in Kirch's case is the company's opaque...

Author: /time Magazine | Title: How The Mighty Fall | 4/15/2002 | See Source »

Gates said proving it was really written by a 19th-century slave became the most time-consuming task, which required hiring an expert on the history of penmanship, pens and paper...

Author: By Ian P. Campbell, CONTRIBUTING WRITER | Title: Gates Publishes Unique 19th Century Slave Manuscript | 4/15/2002 | See Source »

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