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...Fifth Avenue Company, was owned by Assa Corporation, a New York shell company, which listed its owner as Assa Company Ltd., a Jersey, Channel Islands entity. In most cases that's as far as investigators get - but here authorities were eventually able to determine that Assa was in fact entirely owned by the state-owned Bank Melli, which is banned in the U.S. for supporting Tehran's nuclear program. (See the best business deals...

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

...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 »

Forget 3-D, CGI and performance capture. The only special effects the new, fact-based drama Extraordinary Measures needs are Brendan Fraser's big watery eyes. They gaze at a wheelchair-bound child and fill helplessly with sympathy, empathy, pathos. They glint with a steely resolve when he thinks of a way to prolong the lives of his ailing kids. And when he fights to bring a crucial medication to fruition, viewers' eyes may mist up a bit as well. Such is the emotive impact of the movie genre known as the true-life inspirational...

Author: /time Magazine | Title: Extraordinary Measures: Sentiment Makes a Comeback | 2/1/2010 | See Source »

...system in which we live—which we can call capitalism—this is a system in which the Haitian catastrophe is not just normal but inevitable, that in fact a large part of the world is immiserated and stripped of resources to sustain certain lives of privilege,” said Diaz, a Dominican writer catapulted to fame by his novel “The Brief Wondrous Life of Oscar...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Panel Discusses Haiti Crisis | 2/1/2010 | See Source »

...Still, there's only so much you can oppose before you become part of the problem, says Norm Ornstein, a congressional scholar at the conservative American Enterprise Institute. And the White House is counting on that fact to try to make the Republicans' refusal to even consider supporting some moderate proposals on tax cuts and deficit commissions a liability in the fall. Last week, a senior Administration official said, "We will not allow the next 10 months to become a referendum on Barack Obama...

Author: /time Magazine | Title: Can Republicans Win Big as the Party of No? | 2/1/2010 | See Source »

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