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That makes arms deals far more difficult to track. But Griffiths says one tactic could work in nabbing arms traffickers: the "Al Capone method." When the U.S. justice system failed to convict the 1930s mobster for racketeering and murder charges, he was finally run in for tax evasion. Griffiths says arms traffickers have one obvious vulnerability: their need to ship arms on boats and planes, most of which require registration. When the E.U. introduced strict safety standards for air-cargo carriers two years ago, its leaders weren't thinking of arms dealers. Yet of the scores of companies they have...

Author: /time Magazine | Title: The Arms Trade Booms Amid Global Economic Woes | 10/14/2008 | See Source »

...that: now those same people who acted recklessly and carelessly on the front end are asking me to rather carelessly and recklessly go and throw out whoever happens to be living in that building. And that is the same type of mindset that got us off the track in the first place...

Author: /time Magazine | Title: The Sheriff Who Wouldn't Evict | 10/13/2008 | See Source »

...least there was no plague of frogs. McCain is running in a relay, and the man who is supposed to hand him the baton is 80 yards up the track, carrying a dishwasher on his back, blindfolded. Oh, and he's also dead...

Author: /time Magazine | Title: McCain and Obama: A Fresh Start, a Fresh Economic Plan | 10/13/2008 | See Source »

...nation's banking system. That was when President Francois Mitterrand nationalized banks in the 1980s. In fact, for a good part of the 1990s, the French budget was knocked sideways because of the losses incurred at just one state-run bank, Credit Lyonnais. The German state's track record in banking isn't much better. Regional governments own some of the dogs of the industry, like WestLB, and even the federal government isn't a brilliant manager. Last month, on the very day Lehman Brothers filed for bankruptcy, state-owned KfW sent a check to Lehman in New York...

Author: /time Magazine | Title: Will Europe's Bank Bailout Plan Really Work? | 10/13/2008 | See Source »

...these skeptical voters, but he has the advantage of being undeniably new. He is toting a lot of unusual baggage, but for many voters, that is outweighed by the fact that he isn't more of the same. Only 9% of Americans feel the country is on the right track, according to the latest Gallup poll - the lowest number in the poll's history. "I just don't want another four years of Bush, and here's McCain voting with him 90% of the time," said Ben Humphreys as he stood with his neighbors on that driveway in Troy...

Author: /time Magazine | Title: For White Working Class, Obama Rises on Empty Wallets | 10/12/2008 | See Source »

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