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...SCCRC's ruling is certain to fan that controversy, even though the Commission said nothing to support the view that political pressure influenced the judicial proceedings, and rejected allegations of CIA conspiracy during the investigation. After a three-year review, the Commission has produced a report more than 800 pages long, plus supplementary documents. The report is not public. But the Commission outlined its reasons for a new appeal in a 14-page public statement, identifying six grounds where a miscarriage of justice may have occurred...
Last year, a British-born Muslim convert named Dhiren Barot was sentenced to 40 years in jail for plotting attacks on the U.K. A 39-page list of possible targets and methods that Barot prepared for his al-Qaeda contacts included a plot he dubbed the Gas Limos Project. This proposed using propane gas cylinders and fuel to turn stretch limos into mobile bombs that could then be left in parking lots underneath key buildings...
...negative, it prompts more unproductive accounting games. The Tax Reform Act of 1986 tried to end the games without killing entrepreneurship by setting both rates at 28%. (A quirk in the law kept the effective top rate at 33%.) But since 1992, as the chart on the previous page shows, income and capital gains rates have followed very different paths. One inadvertent result has been a pronounced tax bias in favor of private-equity partnerships and against traditional corporations. It's a bias that Stephen Schwarzman has taken great advantage of over the past 15 years. Now he may just...
...wine of the year, he persuaded his dad to let him buy a whole mess of it and sell it at cost. "I'm beating everyone else by 40%," he recalls. "Because everybody else wants to buy a boat. I want to be famous." He gambled on a full-page ad in the New York Times, changed the name of the store to Wine Library and taught himself enough about wine to impress the resulting flood of customers. "I was 19, but I looked like I was 11. It became a circus act because people wanted to hear me talk...
...Earlier this month a group of nearly 50 Japanese lawmakers from both major political parties took out a full-page ad in the Washington Post asserting that there was no historical evidence to back up the "comfort women" allegations. Last week, an even larger group of legislators announced that they had determined that the death toll of the Nanjing Massacre - where Japanese soldiers slaughtered Chinese civilians over a three-week period - was just 20,000, one-tenth of the figure widely accepted among historians. Even without wading into the morass of what constitutes "historical evidence," such endeavors are plainly terrible...