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Officials admit they do not have a handle on the full scope of the problem (a 1996 estimate from the International Monetary Fund said money-laundering accounts for 2%-5% of global GDP) but it's certainly many billions every year...

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

Perhaps one does need to be mad to be a genius. But very few people, especially at a school like Harvard, are willing to admit that they’re not perfect. And many of us are prime targets for depression and eating disorders; we are high-achieving students at a high-pressure institution, prone to scathing self-criticism and inflated expectations...

Author: By Maya E. Shwayder | Title: Mental Floss | 2/2/2010 | See Source »

...That was a bumpy road even before Massachusetts left Democrats with only 59; months of bipartisan Senate negotiations over health care reform attracted zero Republican votes, as did the financial-reform package that passed the House in December. And White House officials admit they underestimated how ugly Capitol Hill's sausagemaking process would look in the spotlight, turning a debate about expanding health coverage, controlling costs and reining in the abuses of profit-obsessed insurers into a brawl over "death panels," taxpayer-funded abortions and congressional giveaways to Nebraska. (See the financial crisis after one year...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...seized a U.S. Senate seat in Massachusetts), a new scandal broke over climate science. Faced with criticism of a widely quoted piece of analysis from its 2007 climate assessment that warned that Himalayan glaciers could melt by 2035, the U.N. Intergovernmental Panel on Climate Change (IPCC) was forced to admit to relying on dubious scientific sources, apologized and retracted its earlier estimate. That estimate of the rate of Himalayan glacier loss because of warming, which appeared in the same assessment that earned the global body a share of the Nobel Peace Prize, was "poorly substantiated," the IPCC said. (See TIME...

Author: /time Magazine | Title: Himalayan Melting: How a Climate Panel Got It Wrong | 1/21/2010 | See Source »

...unwilling to identify and confront the real enemy of political Islam," says a former military colleague of Hasan, speaking privately because he was ordered not to talk about the case. "Political correctness has brainwashed us to the point that we no longer understand our heritage and cannot admit who, or what, the enemy stands...

Author: /time Magazine | Title: The Fort Hood Report: Why No Mention of Islam? | 1/20/2010 | See Source »

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