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...offered. There is no honor among thieves. Next, the crooks needed to separate the money from the crime. In the old days, if you sold cocaine in Spain, you wound up with pesetas, which pointed to where the crime was committed. So you prewashed your loot into, say, German marks, and from there moved into dollars. You spun that money in and out of secret bank accounts (to obliterate the paper trail) and across borders, and eventually brought the money out the other end disguised as legitimate income. Done properly, it's next to impossible to tie your income...

Author: /time Magazine | Title: The Criminal's Currency of Choice | 7/23/2006 | See Source »

...anger against three Euro-skeptic rebels in his Cabinet. He called them "bastards" and promised to "crucify them." French President Jacques Chirac heated up the old Anglo-Franco rivalry at a 2005 summit in Russia. Unaware that a French journalist still had a microphone switched on, Chirac joked with German Chancellor Gerhard Schröder and Russian President Vladimir Putin that "the only thing [Britain has] ever done for European agriculture is mad cow disease ... you can't trust people who cook as badly as that. After Finland [Britain is] the country with the worst food...

Author: /time Magazine | Title: Oh, That Mike's Open ... | 7/23/2006 | See Source »

...coal plant that is not capture ready, they're really stupid," says Jonathan R. Gibbins, an energy expert at London's Imperial College. There is some movement toward a cleaner-coal future in Europe. Vattenfall is building a $63 million, 30-MW pilot plant in the east German town of Schwarze Pumpe that uses another, untested clean-coal technology: oxyfuel. The plant will burn coal with pure oxygen instead of air, mixed with CO2 to keep heat levels manageable. What's left is pure CO2. Some is recirculated to aid combustion; the rest is easily captured for sequestration...

Author: /time Magazine | Title: Coal's Bright Future | 7/16/2006 | See Source »

...world wars, new nations took shape. The state of Israel, to be sure, was created on someone else's land (whose is a matter of debate), but it was hardly alone in that. Today's Polish towns of Wroclaw and Bydgoszcz, for example, went by their German names of Breslau and Bromberg not long ago. Israel's case differs from that of other new nations mainly because many have never reconciled themselves to its existence...

Author: /time Magazine | Title: The War That Never Ends Begins A Violent New Chapter | 7/16/2006 | See Source »

...many. Delays in building the A380 megajet led to the ouster of EADS co-CEO Noël Forgeard as well as Airbus' top boss. Filling Forgeard's spot is Louis Gallois, head of France's railways, who will partner with EADS's remaining CEO, Tom Enders, a German. At Airbus, naming Christian Streiff CEO should placate two of EADS's largest shareholders, the French government and Germany's DaimlerChrysler. Streiff, from Lorraine, speaks German. But as Warren Bennis, leadership guru at U.S.C., says, "Chemistry is less important here than deciding their collective definition of success." Perhaps they can start with...

Author: /time Magazine | Title: People to Watch In International Business | 7/16/2006 | See Source »

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