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...Earthco founding principal was Jerry W. Slusser, 57, who has been involved in a string of curious businesses. In 1998 a Commodity Futures Trading Commission judge found that Slusser and two of his companies "pilfered millions of dollars from customers using the commodities market to carry out their scheme." Some of the money was funneled through accounts of Slusser's Sterling International Bank Ltd., which existed as a post office drop on the Caribbean island of Montserrat. The commission barred Slusser and his firms from trading commodity futures and assessed a $10 million penalty, the largest ever in an administrative...

Author: /time Magazine | Title: The Great Energy Scam | 10/13/2003 | See Source »

...Vegas strip is also the official address of more than 80 Slusser-related business ventures with names like 481TL LLC, CCHDDNV Inc., N15SB LLC and QEAT4 LLC. With their principals scattered across the country, the companies have the appearance of being tax-avoidance devices, just like the synfuels scheme. What, if anything, does Earthco's synfuel process do? Calls for information to Earthco and its employees were fruitless. When TIME reached Slusser, he promptly hung up the telephone after hearing the writer identify himself. A call to Earthco's office in Las Vegas proved equally unproductive. A woman who identified...

Author: /time Magazine | Title: The Great Energy Scam | 10/13/2003 | See Source »

There's a neat symmetry to Putin's Chechenization scheme. The Chechen war, waged in 1994 by Putin's predecessor Boris Yeltsin, was supposed to be a brief punitive action against a small, unruly republic. But it ended in August 1996 with at least 80,000 Chechens dead, Russia humiliated and Chechnya independent in all but name. The experience was as scarring for Russia as Vietnam was for the U.S. In late 1999, after a series of apartment-block bombings in Moscow that the Kremlin blamed on Chechen terrorists, Putin, then Prime Minister, ordered the reinvasion of Chechnya, making...

Author: /time Magazine | Title: No Way Out? | 10/13/2003 | See Source »

...reason. You may not have known the reason at the time, and that is what heaven is for. For understanding your life on earth." His theme, and Albom's, is the interconnectedness of all our lives, and the impossibility of knowing the consequences of our actions in the grand scheme of things...

Author: /time Magazine | Title: Books: Mitch Albom: Words Of Paradise | 10/13/2003 | See Source »

...snap election to create an interim parliament. "The candidates would run on national lists and be elected by proportional representation. The likely result would be a coalition government, which would then have three years to write a constitution and create a permanent government." The risks of such a scheme are obvious: radicals tend to do best in premature elections, and a large, continuing American military presence and real humanitarian and financial support from the U.N. would still be required. The advantage would be an elected Iraqi government in place by summer. "Ideally, you'd want more time for responsible political...

Author: /time Magazine | Title: A Rush to War--Now a Rush Out of One? | 10/13/2003 | See Source »

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