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...Jan...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

...Iran Middlemen For Weapons And Cash Intricate global networks have helped Iran elude sanctions against doing business in the U.S., according to recent reports. A Jan. 12 study from the Institute for Science and International Security says Iranian firms used Dubai- and Malaysia-based intermediaries to procure bombmaking materials from U.S. companies. Meanwhile, British bank Lloyds TSB admitted in a $350 million U.S. court settlement on Jan. 9 that it had illegally stripped identifying information from bank records so that Iranian entities could do business with U.S. banks. Nine other banks remain under investigation...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

...California OAKLAND IS BURNING Hundreds of residents took to the streets on Jan. 7, smashing storefronts and setting fires to protest the fatal shooting of an unarmed African-American man by a white police officer on New Year's Day. The demonstrations turned to near riots as angry citizens confronted Oakland Mayor Ron Dellums on the steps of city hall. Police used tear gas to break up the crowds. Authorities are still deciding whether to file criminal charges against the officer, who has resigned...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

...Somalia Pirate Booty The Somali pirates who had held a Saudi oil tanker captive for nearly two months released the ship after receiving a reported $3 million ransom on Jan. 9. All did not end well for the pirates, however: reports said several of them drowned when their boat capsized as they returned to shore. The tanker, the Sirius Star, is the largest ship ever hijacked and had been held since Nov. 15. It was carrying about $100 million worth of crude...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

USAGE: "American diplomats have been told they may be punished for sending mass responses after an e-mail storm nearly knocked out one of the State Department's main electronic communications systems." --Associated Press, Jan...

Author: /time Magazine | Title: Verbatim | 1/15/2009 | See Source »

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