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...part of the country since 2007. "In some cases, the value of the drugs being trafficked is greater than the country's national income," Antonio Maria Costa, director of the U.N. Office on Drugs and Crime, wrote in an October 2008 report on the situation. "[These countries] risk becoming shell states - sovereign in name but hollowed out from the inside by criminals in collusion with corrupt officials...

Author: /time Magazine | Title: A Coup in Niger Adds to West Africa's Instability | 2/19/2010 | See Source »

...report says that Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea's president, relied on American lawyers, bankers and real estate agents to bring a total of $110 million in suspected dirty money into the U.S. via a complex system of shell accounts. The report also described how Omar Bongo, who ruled Gabon for nearly 42 years until his death last June, transferred $18 million into a U.S. account with the help of an American lobbyist. Similarly, the ex-wife of former Nigerian Vice President Atiku Abubakar is alleged to have helped shift $40 million into U.S. banks...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

...seriously he takes the issue, Jonathan's second action (after sacking the justice minister, who had campaigned most noisily against his promotion) was to call a meeting with the oil majors in Nigeria. The peace process was his top priority, he told executives from Chevron, ExxonMobil and Royal Dutch Shell. The rebels have already responded. On Feb. 12, MEND commander Mack Anthony told TIME he had declared a new 90-day ceasefire...

Author: /time Magazine | Title: Is Goodluck Jonathan the Answer to Nigeria's Woes? | 2/13/2010 | See Source »

...just got a little more serious: Feb. 6 marked the first National Tea Party Convention and, with it, a degree of legitimacy for the movement. Granted, the hundreds of delegates that descended on Nashville had to shell out as much as $500 per ticket, and their conception of the purpose and message of the party is anything but unified. But in the span of less than a year, grassroots activism from across the country has united in a remarkable...

Author: By Mark A. Isaacson | Title: My Country ’Tis of Tea | 2/11/2010 | See Source »

...toman each (approximately $1), the DVDs are affordable as an occasional indulgence for most residents of the capital (even if a copy of Reservoir Dogs turns out to be Hancock or The Blind Side recorded by a handheld camera in a movie theater). Those residents, however, are willing to shell out the hefty sum of 30 to 50 toman for the hottest bootleg in Iran: Lost...

Author: /time Magazine | Title: Iran's Secret Obsession: Getting Lost in Tehran | 2/4/2010 | See Source »

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