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...Monday, more than three dozen prosecuting attorneys and several hundred police swarmed out to search offices and private homes of other suspected tax evaders in Frankfurt, Munich, Stuttgart, Ulm and Hamburg. And prosecutors said their work was just beginning...

Author: /time Magazine | Title: Tax Probe Jolts Germany | 2/18/2008 | See Source »

...first blush, the same old depressing script. When U.S. Secretary of Defense Robert Gates gave a major speech on the need for NATO members to step up their efforts in Afghanistan at the annual Munich Conference on Security Policy last week, a quick scan of the headlines would have made you think we were back where we were five (or, to be honest, 25) years ago. That is to say: an American policymaker comes to Europe and lectures the Allies on the need to recognize that it's a dangerous world out there, that the comfortable folk on the eastern...

Author: /time Magazine | Title: A Call to Arms | 2/14/2008 | See Source »

...Europe will never be in total agreement on the need to use force in out-of-the-way places. For the U.S. - as Gates said in Munich - Sept. 11, 2001 was a "galvanizing event, one that opened the American public's eyes to dangers from distant lands." Europeans too have suffered from terrorism, of course, but never on the scale of 9/11. For their part, Europeans are cognizant in a way that few Americans are that the use of force in the developing world can be counter-productive, summoning up the ghosts of a racist colonialism among those...

Author: /time Magazine | Title: A Call to Arms | 2/14/2008 | See Source »

...most dangerous parts of the country or hunting down well-armed bands of Taliban guerrillas, but they are there. That, when you think about it, is astonishing. American author and columnist Ralph Peters (who is nobody's idea of a softie on defense matters) was at the Munich conference, and put things in perspective for me. When he was serving in U.S. Army intelligence in Germany, Peters said, "We couldn't get the Germans to move 8 km. Now we've got them moving 8,000 miles." That speaks to a transformation in NATO's true nature...

Author: /time Magazine | Title: A Call to Arms | 2/14/2008 | See Source »

...this love affair between the global rich and London isn't just about saving a few thousand bucks - after all, the weather's better in Monaco. When Scorpio Partnership, a wealth management-strategy think tank, asked affluent clients why they chose London over, say, New York City, Paris or Munich, the good reputation of Britain's schools, the country's political stability, the growing pool of talent in the financial-services sector and historical ties to Britain were frequently offered reasons. "Another thing is the legitimacy, particularly for foreigners coming from emerging markets like Russia," says managing partner Sebastian Dovey...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

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