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Word: laxness (lookup in dictionary) (lookup stats)
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Officials say "countless investigations" end with the outlaws disappearing down these perfectly legal rabbit holes - and it's a growing frustration. All criminals need to launder their illicit earnings, and our lax incorporation requirements make the U.S. a highly attractive 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...

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

...Pentagon analysis of the shooting rampage that left 13 people dead at the Army base at Fort Hood, Texas, in November concluded that the military was ill equipped to identify threats within its ranks. The report recommended that several officers be investigated for lax supervision of Major Nidal Malik Hasan, the Army psychiatrist accused of the murders, who was allowed to serve despite unease about his behavior...

Author: /time Magazine | Title: The World | 2/1/2010 | See Source »

After years of pressure from patients'-rights groups, New Jersey is set to become the 14th state to legalize medical marijuana following a Jan. 11 vote in its legislature. However, concerns that lax laws had sparked abuses in other states prompted lawmakers to create the strictest such legislation in the nation. Only patients with "debilitating medical conditions" such as cancer and AIDS will be allowed access to cannabis products; they will be given 2 oz. (57 g) of the drug at state-monitored dispensaries every 30 days. Outgoing governor Jon Corzine is expected to sign the bill before leaving office...

Author: /time Magazine | Title: The World | 1/25/2010 | See Source »

...Even Jamie Dimon, CEO of JPMorgan Chase, who has seemed to be more open to new regulations, sought to deflect attention away from lax regulation as the sole cause of the crisis. "I want to be clear that I do not blame the regulators," Dimon testified. "The responsibility for the company's actions rest with the company's management...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

...everybody is sympathetic to the migrants. Italian Interior Minister Roberto Maroni, a member of the anti-immigrant Northern League Party, blamed the riots on his country's lax approach to undocumented workers. "For years illegal immigration - which feeds criminal activities - has been tolerated and nothing effective has ever been done about it," he said. Never mind that the IOM estimates that at least half of the evacuated workers now held in reception centers obtained regular working papers. Or the fact that migrant workers make up a vital part of many industries. "It's very difficult to crack down on illegal...

Author: /time Magazine | Title: In Italy, Racial Tensions Explode into Violence | 1/12/2010 | See Source »

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