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Other notable users of U.S. shell companies: Viktor Bout, the notorious Russian arms trafficker; the Sinaloa drug-trafficking cartel; and Semion Mogilevich, the "brainy don" of Russian mafia dons, recently named on the FBI's Ten Most Wanted Fugitives List. "Each of these examples involves the relatively rare instance in which law enforcement identified the perpetrator misusing the U.S. shell companies," senior Justice Department official, Jennifer Shasky, told a Senate panel recently. Added a senior Treasury official before the same hearing of the Senate Homeland Security and Governmental Affairs Committee: "Years of research and law-enforcement investigations have conclusively demonstrated...

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

...Sept. 11 was certainly a tragedy, yet more people are killed on our highways each month or two than were killed on that day. One deadly airplane crash is about a day's worth of highway fatalities. Maybe the press should cover highway safety more and rare incidents less. We'd all be safer. Bill Koch Pittsburgh...

Author: /time Magazine | Title: Inbox | 2/1/2010 | See Source »

Extraordinary Measures, based on a book by Wall Street Journal reporter Geeta Anand, describes the mission of businessman John Crowley (Fraser) to find doctors who could develop a drug to treat Pompe disease, a rare genetic disorder that has affected two of his three children. A Harvard M.B.A., Crowley quits his job as a management consultant and moves his family to be near doctors working on a cure. He soon founds his own biotech company to steer and spur the doctors' research. (In the movie, the medics are compacted into the single, ornery person of Harrison Ford.) Do they find...

Author: /time Magazine | Title: Extraordinary Measures: Sentiment Makes a Comeback | 2/1/2010 | See Source »

...there was that final long story in the New Yorker, called "Hapworth 16, 1924," which purports to be a letter home from summer camp by a wildly precocious 7-year-old Seymour. After that, the signal shuts down. Salinger was occasionally spotted in public but spoke publicly only on rare occasions...

Author: /time Magazine | Title: J.D. Salinger Dies: Hermit Crab of American Letters | 1/29/2010 | See Source »

...It’s rare for an Ivy League team to possess such an impressive resume—let alone two in the same season—and the pundits are starting to take notice. The Big Red received 38 points in the most recent ESPN/USA Today poll, placing it at 27th in the nation. The Crimson has received a top-25 vote in the AP Poll for three consecutive weeks...

Author: By Scott A. Sherman, CONTRIBUTING WRITER | Title: Trip Has Harvard in Empire State of Mind | 1/29/2010 | See Source »

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