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...Company Ltd., a Jersey, Channel Islands entity. In most cases that's as far as investigators get - but here authorities were eventually able to determine that Assa was in fact entirely owned by the state-owned Bank Melli, which is banned in the U.S. for supporting Tehran's nuclear program. (See the best business deals...

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

...initiative, for now at least, is more about what NASA plans to cancel than what it plans to pursue. The six-year-old Constellation program, which had been focused on developing new boosters, Apollo-like orbiters and a 21st century lunar lander, all with the goal of making long-term stays on the moon possible, will be scrapped, after $9 billion and a single flight of the Ares 1 booster last October. The longer-term goal of venturing out to Mars is being tabled along with it. (See pictures of the Ares rocket...

Author: /time Magazine | Title: No Liftoff: Obama's Plan Grounds NASA | 2/2/2010 | See Source »

...place of that program, NASA will tackle a grab bag of other projects: extending the life of the so-far unfinished International Space Station (ISS) until 2020, and spending $4.9 billion to develop better robotics, $7.8 billion to develop new flight techniques such as in-orbit fuel depots and closed-loop life-support systems, and $3 billion to develop new unmanned ships. There are no entirely unworthy objectives in that list (with the possible exception of the ISS), but there's also no clear way of getting humans back into space after 2010, once the shuttles are mothballed. What...

Author: /time Magazine | Title: No Liftoff: Obama's Plan Grounds NASA | 2/2/2010 | See Source »

Harvard College Director of Financial Aid Sally C. Donahue noted that the College does not participate in the Family Federal Education Loan program, the bank-subsidizing program Obama has proposed ending. She added that the College’s financial aid consists of grants rather than loans. However, she said that many Harvard graduate students receive federal loans and stand to benefit from the new policies...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Students Approve of Obama's Loan Plan | 2/1/2010 | See Source »

...Ahmadinejad become enough of a liability for Khamenei and his allies to move against him? The President faces a difficult term ahead, even without the unresolved question of his legitimacy. Critics of his government say it squandered billions during his first term on expensive social programs intended to buy political support. Now faced with increasing sanctions and lower oil revenues, the government is about to launch a new program to wean the economy from unsustainable subsidies, especially on energy - a move that is almost certainly going to be unpopular...

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

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