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Other notable users of U.S. shell companies: Viktor Bout, the notorious Russian arms trafficker; the Sinaloa drug-trafficking cartel; and Semion Mogilevich, the "brainy don" of Russian mafia dons, recently named on the FBI's Ten Most Wanted Fugitives List. "Each of these examples involves the relatively rare instance in which law enforcement identified the perpetrator misusing the U.S. shell companies," senior Justice Department official, Jennifer Shasky, told a Senate panel recently. Added a senior Treasury official before the same hearing of the Senate Homeland Security and Governmental Affairs Committee: "Years of research and law-enforcement investigations have conclusively demonstrated...

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

Don't expect Delaware to do anything to tamper with this profitable business line. The state's division of corporate services recently boasted it spent just $12 million to earn $700 million - a quarter of the state's annual revenue. That enviable cost-revenue ratio has triggered copycat competitors. It...

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

I truly don't know how I feel about this. It might be genius. Maybe most users are more confused by Finders and File Explorers than I've realized. But I can't help thinking that if the iPad really wants to be a device that you might take on...

Author: /time Magazine | Title: Questions (and Answers) on the iPad's Shortcomings | 2/2/2010 | See Source »

And letting time tell is what we need to do. This is the most ambitious thing Steve Jobs has attempted since the original Mac. The iPhone revolutionized smartphones, but I think we all accept that smartphones were in our future. There is no equivalent consensus that tablets or couch computers...

Author: /time Magazine | Title: Questions (and Answers) on the iPad's Shortcomings | 2/2/2010 | See Source »

The Canadian goal is to win the most medals. You know, own that podium. And after the organization has spent $62 million in government funds to fine-tune the Canadian Olympic machine, Jackson's jocks had better deliver. What will happen if they don't fulfill his gold guarantee? "I...

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

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