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...says Raymond Baker, executive director of Global Financial Integrity, the capital-flight argument is similar to the businesses' objection to the 1977 Foreign Corrupt Practices Act, which outlawed overseas bribery. U.S. businesses would be at a competitive disadvantage, it was warned. Over time, though, America's example set a new global standard. Argues Baker: "There would be no net loss to the U.S. economy by eliminating secrecy. On the contrary, the more we can do to make the U.S. economy transparent, the more we can strengthen [it], and the more we will attract money from overseas...

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

...analysis by Goldman Sachs suggests that while Ford is expected to gain some market share in the months ahead, Toyota will contribute relatively little. "We continue to view Chrysler and GM as being the largest source of share gains," it states, adding, "We expect a modest gain against foreign brands...

Author: /time Magazine | Title: Who Benefits from Toyota's Recall Problem? | 2/2/2010 | See Source »

Sylvain, who teaches Creole at Harvard, said a history of foreign intervention in Haiti and of pernicious economic policies has helped to undermine the Haitian economy, but he acknowledged that government corruption has also contributed to the nation’s impoverishment...

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

...little selfish too. To boost its host-country advantage, Canada has gone so far as to limit competitors' access to facilities like the sliding track and downhill-skiing course in Whistler and the speed-skating oval in Vancouver. That has drawn the ire of foreign athletes, particularly the Americans, who've made a stink about it. "We tried to get into the facility this summer for training, but they were charging an insane amount of money to let us skate there every day," wrote Apolo Ohno, the U.S. short-track speed skater and five-time Olympic medalist...

Author: /time Magazine | Title: Why Canada Wants to Kick Olympic Butt | 2/1/2010 | See Source »

...protests have continued in the face of harsh repression, the more demonstrations have turned violent and seen their ire directed not just at the current government but toward the Islamic system itself. Not only does this make it easier for the state to delegitimize the protesters as agents of foreign powers; overturning the Islamic system would also deprive the opposition leaders - mostly clerics and former government officials - of their base of authority and legitimacy. The more radical the protest movement becomes, the smaller its chances of winning the backing of those unhappy with the status quo but not willing...

Author: /time Magazine | Title: Iran's Opposition: Confrontation or Compromise? | 2/1/2010 | See Source »

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