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...weeks the number of attacks has increased dramatically. After the attack, Israeli officials said the number of Palestinian rocket attacks could now spike to 200 a day. Hamas announced that it had sent a rocket toward Askelon; one man in the Israeli town of Netivot, east of the Gaza Strip, was killed. Israel also expects Hamas to launch suicide attacks against Israel; a Hamas leader promised as much on Saturday...

Author: /time Magazine | Title: The Gaza Air Strikes: Why Israel Attacked | 12/27/2008 | See Source »

...between this case and other hedge fund frauds in which auditors have been held liable is that Madoff was not actually a client of any of the large auditing firms. Madoff's firm used the small New City, N.Y., accounting firm Friehling & Horowitz - which reportedly had offices in a strip mall and had only three employees, including a secretary, an accountant and a partner in his seventies who lived in Florida. Industry experts now say that the size of Madoff's accounting firm should have been a giant red flag...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...papacy. Unlike the Pope, though, the Luxembourg monarch must face the realities of democracy. Aware that it would be the first time since 1912 that a Duke or Duchess of Luxembourg has defied the will of the elected government, Henri called on Parliament to change the Constitution to strip him of the power to approve laws. On Thursday, the Luxembourg Parliament voted overwhelmingly to approve the measure, which will become law on a second reading in the coming days. In the future, the reigning Duke or Duchess will only sign decrees to officially publish or "promulgate" pre-approved laws...

Author: /time Magazine | Title: Luxembourg's Monarch Steps Back On Euthanasia Bill | 12/12/2008 | See Source »

...Through his lawyer, Blagojevich maintained his innocence, and he showed up to work a day later even while on bail. Most Democrats in the state, not to mention Obama and Senator Dick Durbin, are calling for his resignation, and the Illinois legislature is moving to strip him of the statutory power to name Obama's successor. Until either occurs, Obama's old seat will remain vacant. The son of a steelworker, who shined shoes and boxed in his youth, Blagojevich is nothing if not a fighter, and he has battled his way out of pinches before. But a criminal trial...

Author: /time Magazine | Title: Governor Gone Wild: The Blagojevich Scandal | 12/11/2008 | See Source »

...that funds the insurgency, in part because some of the proceeds are also skimmed by the friends, officials and perhaps family members of the stupendously corrupt government of Afghan President Hamid Karzai. Helmand province is mostly desert, but it produces half the world's opium supply along a narrow strip of irrigated land that straddles the Helmand River. The drug trade - Afghanistan provides more than 90% of the world's opium - permeates everything. A former governor, Sher Mohammed Akhundzada, was caught with nine tons of opium, enough to force him out of office, but not enough...

Author: /time Magazine | Title: The Aimless War: Why Are We in Afghanistan? | 12/11/2008 | See Source »

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