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The 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...

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

Like what? One approach is to lay on a heavy cost of being big. Too-big-to-fail banks should have a capital cost that will make it a disadvantage to compete in the riskiest parts of the financial-services market. I also like President Obama's recent proposal, the...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

The U.S. is clearly in a debt league of its own. Obama's proposed deficit, representing about 11% of gross domestic product, is part of a 10-year plan aimed at reducing the U.S. budget shortfall from its current level to a still hefty annual average of 3.6% if everything...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

At some point he embraced Islam and became the local leader of a Muslim sect known as the Ummah. In court documents, federal authorities describe the Ummah as a "nationwide radical fundamentalist Sunni group consisting mainly of African Americans" who converted from Christianity while serving prison sentences. The Ummah's...

Author: /time Magazine | Title: Why Was a Controversial Imam Shot 20 Times? | 2/1/2010 | See Source »

Federal authorities began monitoring Detroit's Ummah in 2007, using informants inside the group's main mosque. In court documents, authorities portray Abdullah, 53, as a mesmerizing figure whose sermons frequently included anti-U.S.-government rhetoric. He allegedly called his flock to wage a violent "offensive jihad" rather than...

Author: /time Magazine | Title: Why Was a Controversial Imam Shot 20 Times? | 2/1/2010 | See Source »

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