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...become embroiled in what the sec claims is "one of the largest and most brazen corporate financial frauds in history"? Prosecutors allege that over the past decade Parmalat created an elaborate house of cards, including opaque subsidiaries in tax havens such as the Cayman Islands and Luxembourg, to hide the true state of its finances. Tanzi has admitted siphoning off around €500 million from the company to finance other family businesses, but insists that some of his underlings are to blame - they were the ones who devised the accounting fraud, he has told prosecutors, although he accepts ultimate responsibility...

Author: /time Magazine | Title: Autumn Of The Patriarch | 1/4/2004 | See Source »

...weekends Catherine takes care of Brashawn, Marquette's 6-year-old daughter by an ex-girlfriend. Catherine and her granddaughter wrestle and play hide-and-seek, watch videos and go shopping. It's all very normal, says Catherine, except for the part where they e-mail Marquette to tell him to stay safe. There's an awkward silence, then she starts thumbing through the album again. She had looked forward to her son's coming home permanently, and now she will have two in harm's way. "I thought it was over." she says. "All over." --By Cathy Booth Thomas/Pine...

Author: /time Magazine | Title: War Ages A Roguish Son | 12/29/2003 | See Source »

Clark's progress, such as it is, has come out of Kerry's hide. As candidates, they are doppelgangers--war heroes, foreign-policy and national-security experts, awkward campaigners with staff problems. Kerry has a much deeper and more nuanced sense of the issues; he delivered an excellent foreign-policy speech at the Council on Foreign Relations last week (Clark bombed at the same podium a few weeks earlier). But the Massachusetts Senator has been cautious to the point of rigor mortis, and he has never overcome his tactical vote in favor of the Iraq-war resolution. Kerry's stump...

Author: /time Magazine | Title: The Little Spark In Clark | 12/15/2003 | See Source »

...surprising that it took the U.S. and its allies seven months to find Saddam. Deserts are easy places to hide, especially if you have friends and loyalists who will shelter you - and a ready supply of cash (Saddam was found with $750,000 in $100 bills) to buy their silence. Using the highest-technology then available and an army tens of thousands strong, the U.S. military under Gen. "Black Jack" Pershing was never able to capture the Mexican revolutionary Pancho Villa in the arroyos and badlands of Sonora after he laid waste Columbus, New Mexico in 1916. (Prosaically, Villa...

Author: /time Magazine | Title: Good News For Iraq and the U.S. | 12/14/2003 | See Source »

...says Zakrzewski’s mentor, Robinson Professor of Music Robert D. Levin ’68. “That’s something she take to naturally and always has.” Zakrzewski, a joint music and government concentrator, makes little effort to hide her appreciation for some of the fringe benefits of being a concert pianist. “I love pretty things,” she says, sitting cross-legged on her furry leopard print-covered bed. “I love getting dressed up. I get to buy gowns for concerts. It?...

Author: By Cornelia L. Griggs, CRIMSON STAFF WRITER | Title: Balancing Act | 12/11/2003 | See Source »

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