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...story skyscraper in midtown Manhattan, registered as the 650 Fifth Avenue Company, was owned by Assa Corporation, a New York shell company, which listed its owner as Assa Company Ltd., a Jersey, Channel Islands entity. In most cases that's as far as investigators get - but here authorities were eventually able to determine that Assa was in fact entirely owned by the state-owned Bank Melli, which is banned in the U.S. for supporting Tehran's nuclear program. (See the best business deals...

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

...Harvard once. I asked her why, and she said, “Because all my friends do.” She also asked me, “Why don’t we have a mezuzah?” These are the questions that six-year-olds in New York...

Author: By Charles A. Lacalle, CRIMSON STAFF WRITER | Title: 15 Questions with Kelly Cutrone | 2/1/2010 | See Source »

...while there's a similar momentum to 1994's, the comparison is not apples to apples. Republicans remain cash-strapped, plagued by retirements and struggling to unite a base still somewhat inclined to fratricidal bouts of rage. Look no farther than the November special election in New York's 23rd congressional district for evidence of how a divided GOP will fail. Before they get to next November almost all of their candidates, and some incumbents, will have to win primaries in a landscape transformed by the tea-party movement. And there's a fine line with swing voters between being...

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

Nearly a decade on, the crash remains a discomfiting subject in France, where fondness for the Concorde has never flagged. Its flight time from Paris to New York City of just 3½ hours remains about half that of any other aircraft. British Airways and Air France finally scrapped their Concorde flights in 2003, after crash investigators raised questions about potential hazards in the Concorde's design and maintenance, just as the airlines were recovering from a post-9/11 slump in business...

Author: /time Magazine | Title: Fault of the Concorde: An Icon's Day in Court | 2/1/2010 | See Source »

Investigators have also raised other concerns: the doomed Concorde appeared to be overloaded with luggage from its planeload of German tourists, who were flying to meet their cruise liner in New York City; one of two routine daily runway sweeps at Charles de Gaulle Airport had reportedly been cancelled that day; and Concorde workers had allegedly neglected to replace a crucial tire spacer on the aircraft in maintenance work four days before the crash. Continental is the only company charged, along with the firm's former welder John Taylor, who fixed the titanium strip to the Continental...

Author: /time Magazine | Title: Fault of the Concorde: An Icon's Day in Court | 2/1/2010 | See Source »

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