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Last summer, Hands proposed a deal in which he would inject $1.56 billion into EMI if Citigroup wrote off about the same amount in debt. Citigroup said no and offered instead to write off $1.56 billion in debt in return for controlling ownership of the company. Hands refused and then sued Citigroup, claiming the bank had persuaded him to pay too much for EMI in the first place. Now the two sides aren't speaking. Hands says Citigroup is playing "hardball for no good reason," while the bank feels that Hands is being unrealistic in his demand to remain...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

Wilf turned in her thesis prospectus five months early, and the work, entitled “The Politics of Art: International Disputes over Ownership of Art and Cultural Artifacts,” “just sang” from the first draft, says Winter, who served as Wilf’s secondary thesis advisor...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Wilf ’96 Elected to Israeli Parliament | 2/4/2010 | See Source »

Exposing this entirely legal labyrinth of ownership took years of interagency pick-and-ax work. In the end it demonstrated how nefarious activity - even as high profile as this - can go on for years, right under authorities' noses. It's also meant that tenants of the prestigious Manhattan property have been paying millions in rent to Tehran every year - $4.5 million in 2007 alone. Last November, more than 30 years after the Islamic revolution, U.S. officials moved to take over all of Alavi's U.S. properties and bank accounts, spread over five states...

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

...overthrow of the U.S.-backed Shah with massive official parades, rousing anti-American speeches and often the unveiling of some new piece of military or aerospace hardware. This year could be different, as the regime and the opposition Green Movement lock horns in a contest for ownership of the legacy of the revolution. Opposition activists plan to use the day to continue the protests they have maintained since the disputed presidential election in June, seeing themselves as latter-day inheritors of the struggle against dictatorship. But Supreme Leader Ayatullah Ali Khamenei has warned protesters not to disrupt the official ceremonies...

Author: /time Magazine | Title: Iran's Opposition: Confrontation or Compromise? | 2/1/2010 | See Source »

More important, Steinberg told them the U.S. would remain on their side in the long process of replacing coca with legal crops. He said alternative development programs "must involve the communities, giving them ownership and the ability to shape programs. The strategy in San Martin has a lot of promise." (See the Swiss no-melt, low-calorie chocolate...

Author: /time Magazine | Title: Drug Lords vs. Chocolate: From Coca to Cacao in Peru | 1/31/2010 | See Source »

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