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...ZZZZ Best's cash flow came from undisclosed loans fronted by organized crime in New York City--all booked as revenue for supposed contracts to renovate distressed housing. When the FBI finally unraveled the scheme, Minkow managed to pay off his Mafia loan sharks ("You can't mess with them," he says), but some $300 million worth of company stock was suddenly worthless, leaving hundreds of investors in the lurch...

Author: /time Magazine | Title: Scambuster Inc. | 1/24/2005 | See Source »

...Duma. Putin could still distance himself from the reforms and from his increasingly unpopular government - fire a few ministers and reshuffle his Cabinet - and present himself as righting the injustices wrought by his underlings. Senior government ministers promise, so far without details, that they will have solved the benefits mess by next month, when more cuts are due. But suggestions by some members of the government and the ruling political bloc in the Duma that the demonstrations were organized by unnamed enemies of the state seem to leave open the possibility that the Kremlin has not ruled out a crackdown...

Author: /time Magazine | Title: Putin on the Spot | 1/23/2005 | See Source »

...have wooed readers with expos?s of corruption in officialdom, while websites have buzzed with debates on sensitive topics like police brutality and the need for free expression. But since Hu's speech, those critical of the regime have been forced into retreat. Last fall, police shut down "A Complete Mess," China's most lively forum for political debate on the Internet, without ever explaining why. Then discussions of the forum's demise were banned from other websites. Propaganda officials have ordered reporters at the Legal Daily and other newspapers not to write any "negative" articles about the police...

Author: /time Magazine | Title: Requiem for Reform? | 1/23/2005 | See Source »

...mess-hall bombing of December 21st and the January 6th roadside bombing of a Bradley fighting vehicle stand out as two of the most glaring examples of how much work remains to be done in making Iraq passably secure even for our own troops. There is a tendency for events such as this to lead to a sense of exasperation, of hopelessness: if Iraq is no more secure three weeks before its election than it was six or seven months ago than do we really have any hope for victory? Yes we do, but if we loose our nerve...

Author: By Mark A. Adomanis, | Title: It All Comes Down to This | 1/21/2005 | See Source »

True some attacks, such as that upon the U.S. mess-hall, bear the hallmarks of the dreaded popular insurgency against foreign occupation and are cause for serious concern. However, it is easy to forget, because of their low media coverage in the U.S., that the bloodiest and most frequent attacks are not at Iraqi civilians. Attacks such as the early December massacre of eighteen young Shiite men, the January 2nd bombing of a National Guard bus or the January 5th bombing of a police graduation ceremony show that the insurgents do not enjoy the widespread popular support sometimes claimed...

Author: By Mark A. Adomanis, | Title: It All Comes Down to This | 1/21/2005 | See Source »

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