Word: memoed
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...reason to believe al-Faruq was one of bin Laden's top representatives in Southeast Asia, responsible for coordinating the activities of the region's disparate Islamic militant groups and employing their forces to conduct terror attacks against the U.S. and its allies. According to one regional intelligence memo, the CIA had been told of al-Faruq's role by Abu Zubaydah, the highest ranking al-Qaeda official in U.S. custody and a valuable, if at times manipulative, source of intelligence on the terror network and its plans. Initially, al-Faruq was not as cooperative. Though al-Faruq was subjected...
...Faruq told the CIA that some of al-Qaeda's operations in the region were funded through a branch of al-Haramain Islamic Foundation, an international charity based in Saudi Arabia, with offices in several Islamic countries. According to one regional intel memo, Faruq told his interrogators "money was laundered through the foundation by donors from the Middle East." Government sources tell TIME that U.S. investigators believe the charity is a "significant" source of funding for terrorist groups associated with al-Qaeda in Southeast Asia. Counterterrorism officials are also investigating possible links between al-Qaeda and top al-Haramain officials...
...tough call. Markets are already unsettled, and companies don't want to look as if they have something to hide. "Just because many are holding back with public criticism doesn't mean that they agree with the extraterritorial application of the Sarbanes-Oxley Act," says a memo to the E.U.'s Bolkestein from the German Industry Federation. "They are simply concerned that intervening with the sec could be misinterpreted." There is a certain irony in all this. Since the mid-1990s, most European countries have taken steps to improve their corporate practices - often looking to the U.S. as a model...
...heavy-handed threat to recommend that Harvard lose $328 million in federal funds—16 percent of the University’s yearly operating budget—left the law school between a rock and a hard place. As Dean Robert C. Clark pointed out in a memo announcing the change, the money that Harvard would have lost allows the University to pursue important goals, including potentially life-saving research at the Medical School. Given the pragmatic constraints under which the law school operates and the impact its actions would have on the entire University, its choice was understandable...
...stake in this decision were two worthy but competing values: upholding the law school’s anti-discrimination policy, and preserving Harvard’s federal funding. In the memo announcing the change, Clark wrote, “To say that this decision is just about money trivializes the significance these funds have on students’ educations, faculty careers, and scientific research that can lead to cures to life-threatening illnesses and debilitating diseases.” This reasoning, though attractive, obscures the issue. If Harvard’s funding had been cut off, these life-saving dollars...