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Public companies record two types of earnings, one to the SEC and one to the IRS. It is perfectly legal for these numbers not to match, and often they don't. In 2008, retailer Macy's lost just under $5 billion, but only $33 million of that qualified as a...
The regime blames Suu Kyi for having called for sanctions in the past. She has said she is open to rescinding the call if the regime agrees to engage in a genuine dialogue with her, her party and ethnic minorities. The junta plans to hold elections next year for the...
For most Iranians, state-sponsored gatherings and anniversaries were distractions or annoyances under normal circumstances. Now, however, they have been given a surprising new impetus: no longer just opportunities to join state-sponsored protest but now to protest against the state.
According to the Associated Press, Magi convicted 23 Americans, one of whom is an Air Force officer, for the February 2003 kidnapping of Osama Moustafa Hassan Nasr, under the CIA's controversial "extraordinary rendition" program. Three other Americans were acquitted because they have diplomatic immunity. Two Italian secret agents were...
Prosecutors also alleged that the Italian authorities cooperated with the CIA. But the Italian government denies any involvement in the rendition program. Nevertheless, Nasr had been under scrutiny by Italian investigators, who suspected him of recruiting for the insurgency in Iraq. (See Silvio Berlusconi's worst gaffes.)