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...effort to conceal $200 million in assets on which his client - the Russia-born, California-based real estate mogul Igor Olenicoff - owed $7.2 million in U.S. taxes. But at the same time, almost no one in the U.S. government would deny that Birkenfeld was absolutely essential to its landmark tax-evasion case against Swiss banking giant UBS. The former UBS employee turned whistle-blower exposed the previously hidden world of offshore tax shelters, which cheats the Treasury out of about $100 billion a year. Thanks to his insider information, UBS was fined $780 million, and it promised to "exit entirely...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

Maryland v. Shatzer At issue: The scope of the rights of police suspects, as given in the court's landmark 1966 decision, Miranda v. Arizona...

Author: /time Magazine | Title: Five Supreme Court Cases to Watch This Term | 10/5/2009 | See Source »

...state and local governments can do about climate change, and it couldn't come at a more appropriate time. While Washington under President George W. Bush all but ignored climate change, California - with the Republican Schwarzenegger sometimes leading and sometimes following - embarked on its own green path, passing a landmark carbon-emissions cap for the state in 2006 and aggressively promoting renewable energy. Today, California's clean-tech sector is a rare bright spot in a state that is struggling with economic problems. California is where "technology met policy," said Terry Tamminen, the former secretary of the California Environmental Protection...

Author: /time Magazine | Title: Are the Governors Our Best Hope for the Climate? | 10/2/2009 | See Source »

Beyond the lavish palaces of the last Shah in north Tehran, beyond the sweeping Enqelab (or Revolution) Street, which cuts through the city center, and even beyond the southern outskirts of the city's rambling tenements, looms the Islamic Republic's most notable landmark: the $2 billion tomb of its founder, Ayatullah Ruhollah Khomeini. Though situated on a desolate piece of desert convenient only if you're headed to the international airport, the enormous scaffolding-enclosed shrine, still under construction 20 years after the Supreme Leader's death, is an essential part of the pilgrimage for devout Iranian Shi'ites...

Author: /time Magazine | Title: Has the Iranian Regime Forsaken Khomeini? | 9/29/2009 | See Source »

European astronomers hailed a landmark discovery: a planet outside our solar system that's solid and rocky like Earth. After months of observation, scientists confirmed Corot-7b is not a giant gas ball like Jupiter--a finding that heartened experts who believe potential alien life would require a firm surface. The planet, some 500 light-years away, is similar in size to Earth. One key difference: Corot-7b's proximity to its sun raises its daytime surface temperature to a balmy 3600?...

Author: /time Magazine | Title: The World | 9/28/2009 | See Source »

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