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...will assume the post on October...
...current wave of prosecutorial zeal kicked off in February when German authorities arrested Klaus Zumwinkel, the CEO of Deutsche Post and one of the country's most prominent businessmen, for allegedly evading some $1 million in taxes by funneling money through foundations in Liechtenstein. The German tax cops got the goods on Zumwinkel with their own bit of skulduggery: they bought records stolen by a former employee of the Liechtenstein bank LGT Group, owned by that Alpine nation's royal family. Other tax authorities piled on, including the IRS. In February, the IRS said it was investigating more than...
Industry watchers were alarmed last week when Wagoner had to insist that the company was not considering bankruptcy. Ray Young, GM's chief financial officer, conceded that the company will post a "significant" loss when it reports its second-quarter earnings, but, he told TIME after the announcement of the latest cuts, the talk about bankruptcy was "unfortunate." He said, "It's a distraction. We wanted to dispel any concerns anyone might have. Frankly, that's just not in the cards...
...began one of the more surreal errors in post-9/11 America. Agents from a rainbow spectrum of agencies occupied Kurtz's home for several days, blocking off his street and setting up a biohazard shower to hose down investigators leaving the residence. (click here for a video about the raid created by Kurtz's art ensemble.) Agents would not let Kurtz retrieve his cat, Bean. Having lost his wife, his home and his pet in the span of 48 hours, Kurtz decided to get a lawyer. He told a friend at one point, "I just need to pretend Hope...
...once and for all its project for a "new" Middle East, and its penchant for regime change. That might happen on its own in November if Barack Obama becomes President. But a package deal would also have to solve the Iranian nuclear issue, map out the future of post-American Iraq, solve the Syrian-Israeli conflict, the Lebanese-Israeli conflict and the Palestinian-Israeli conflict all in one go. Would any American President, or any world leader, be able to pull that off in two years? Despite President Assad's rosy prediction, it's hard to imagine him shaking hands...