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...business started with what is known in the trade as a "tiger kidnapping." (The tiger, see, stalks its prey.) Colin Dixon, 51, the manager of a security depot that stores money for commercial banks and the Bank of England, was driving past the Three Squirrels pub in Kent, southeast of London, when a car with men disguised as police officers forced him off the road. Two other fake cops went to the man's house, where they told his wife and young son that Dixon had been involved in an accident. All three were then taken to a safe house...

Author: /time Magazine | Title: Villainy of the Old School | 2/26/2006 | See Source »

...Although my father-in-law is fairly new to computing, plenty of sophisticated surfers are falling prey to wide variety of spyware applications, according to the State of Spyware report released today by Webroot Software, the manufacturer of a leading anti-spyware application. Its survey of U.S. businesses found that over half of respondents had a spyware disruption resulting in lost revenue, and that 2005 was the worst year on record for data security losses. Webroot identified more than 400,000 sites last year that hosted spyware, and found that 30.5% of spyware exploits originated in the U.S., followed...

Author: /time Magazine | Title: What Hides in Your Computer? | 2/7/2006 | See Source »

...large companies still disdain the idea of mergers and acquisitions. To this day, there has never been a successful hostile takeover in Japan. Horie looked to smash these conventions. Rather than expanding slowly over many years, he discovered he could generate outsized growth by rapidly acquiring smaller, financially weaker prey, typically using Livedoor stock as the currency. He cobbled together an empire by purchasing no less than 50 firms, often with the help of so-called special-purpose entities, stock swaps, and other sophisticated financing techniques that are fairly routine in most mature economies, but are still regarded as alchemical...

Author: /time Magazine | Title: Feeding Frenzy | 1/30/2006 | See Source »

...missile attack in North Waziristan, based on intelligence from agents on the ground, reportedly killed Hamza Rabia, an Egyptian believed to have been the latest occupant of al-Qaeda's No. 3 spot. Then, in early January, the U.S. and Pakistan seized on the chance to bag even bigger prey. Details of the Damadola operation are beginning to emerge, and they provide a tantalizing glimpse into the intensifying hunt for bin Laden. A Peshawar-based official told TIME that in the past month, Pakistani-intelligence field agents had been tracking two groups of men who had crossed the border from...

Author: /time Magazine | Title: Can Bin Laden Be Caught? | 1/22/2006 | See Source »

...amid the horrific tales of puppies in pillowcases and decapitated dogs, the scientists get a few laughs too. In 2004 some Texans sent samples of what they were convinced was a chupacabra--a legendary hairless beast that drains the blood of its prey. "We don't do that kind of work, but they submitted it in a roundabout way, so we didn't know what they were looking for," says Wictum. The chupacabra turned out to be a very mangy coyote...

Author: /time Magazine | Title: Whodunit, Doggone It? | 1/22/2006 | See Source »

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