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...ills these shell companies facilitate, it's getting easier and easier to open one. That's because it's big business and states compete at offering ever more secure anonymity along with other benefits. Delaware is the well-known leader. The state recently won the dubious top rank in a new Financial Secrecy Index, for the aggressive secrecy and dollar volume it handles, outdoing Switzerland, the Cayman Islands and Panama...

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

...bill has won the vigorous endorsement of law enforcement (at least six groups) who say it is a "no-brainer." As it is, federal officers are "10 steps" behind the bad guys, says John R. Ramsey, national vice president of the Federal Law Enforcement Officers Association, because they are busy spinning their wheels, serving subpoenas on third parties or conducting long-term surveillance, trying to pierce the corporate veil. Changing the rules is such a priority that these groups are willing to redeploy homeland-security funds, intended for first responders, to pay for the implementation, because they figure it will...

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

...Congressional observers like Ornstein believe that the GOP has to do more to emphasize the positive and - in the tradition of former House Speaker Newt Gingrich, who won the House for Republicans in a surprise wave in 1994 - introduce some version of a new Contract with America. "The approach [to oppose Obama's agenda] was clearly set by the leaders to try to jump-start a moribund and dispirited party, and with the idea that if they could do what their Gingrich-led predecessors did in 1993-94, they could return to majority status on the back of a failed...

Author: /time Magazine | Title: Can Republicans Win Big as the Party of No? | 2/1/2010 | See Source »

...With the Vancouver Olympics, which begin on Feb. 12, fast approaching, north-of-the-border expectations are at an all-time high. Canada has hosted the Olympics twice before - the 1976 Summer Games in Montreal and the 1988 Winter Olympics in Calgary. In both cases, no Canadian athlete won a gold medal on home soil. That's right; even though Canada is very cold and was blessed with home-field advantage in 1988, the country couldn't win a single Winter Olympics gold. They didn't even medal in ice hockey, Canada's own game. (Watch a video about training...

Author: /time Magazine | Title: Why Canada Wants to Kick Olympic Butt | 2/1/2010 | See Source »

...candidate Mehdi Karroubi, has openly mooted the possibility, though another, former president Mohammad Khatami, publicly denied having sent a letter to that effect to the Supreme Leader. But all three of the highest-profile opposition leaders - Karroubi, Khatami and Mir-Hossein Mousavi, the candidate who opposition supporters believe actually won the disputed election - have publicly recognized Mahmoud Ahmadinejad as President while reiterating their belief that his re-election involved widespread irregularities. They have also distanced themselves from calls among demonstrators for the overthrow of Khamenei and clerical rule. Observers believe these gestures have opened the way for more-pragmatic conservatives...

Author: /time Magazine | Title: Iran's Opposition: Confrontation or Compromise? | 2/1/2010 | See Source »

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